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Ghana’s debt distress rating upgraded to moderate risk- IMF rep states
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Ghana’s debt distress rating has been upgraded from high risk to moderate risk, marking the first such improvement in 13 years, according to the International Monetary Fund (IMF).
IMF Resident Representative to Ghana, Dr Adrian Alter, described the development as a major achievement, noting that it came two years earlier than initially expected.
Speaking on The Point of View with Bernard Avle on August 24, 2026, Dr Alter explained that the latest Debt Sustainability Analysis (DSA) conducted at the end of Ghana’s Extended Credit Facility (ECF) programme showed significant improvements in the country’s debt sustainability indicators.
“The rating has been upgraded from high risk of debt distress to moderate risk of debt distress. And this is the first time in 13 years, so it’s a huge achievement,” he stated.
He noted that the country’s key debt sustainability indicators had improved and were now below the required thresholds.
According to him, Ghana’s central government public debt has also fallen to about 45 per cent of Gross Domestic Product (GDP).
Dr Alter explained that the government must continue working to reduce borrowing and interest costs, which currently take up about one-third of government expenditure.
He said lowering interest costs would create more fiscal space for the government to spend on salaries, social programmes and development projects.
He stressed the need for increased domestic revenue mobilisation to support capital expenditure without placing excessive pressure on borrowing.
However, he cautioned that the government must avoid competing with the private sector for funds needed to expand businesses and create jobs.
“The private sector should be the one creating jobs and boosting growth,” he noted.
Dr Alter added that private sector credit had recently increased by about 40 per cent year on year, based on the latest statistics from the Bank of Ghana, describing the development as a positive sign for economic growth.
By: Jacob Aggrey
Over 20 structures built within the 50-metre buffer zone of the Kpeshie Lagoon at the Laboma Beach Resort in the La Dade-Kotopon Municipality were on Sunday demolished by the Greater Accra Regional Coordinating Council (GARCC).
Buildings such as single-unit semi-detached under construction and completed chalets at the resort were pulled down while portions of a newly constructed perimeter wall were also demolished. Read More
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About 120 golfers from clubs across Ghana participated in an 18-hole competition, dubbed ‘MTN 30th Anniversary CEO Invitational Golf Tournament’ held at the Achimota Golf Club on Saturday.
At the end of the hectic day, Frederick Semenu Duvor won the Men’s Group A event with 39 points, while Julienne Afi claimed the Ladies’ Group A title with the same score.
Yaw Mireku Jnr. won the Men’s Group B with an impressive 45 points, while Kous Louanges Mang took the Ladies’ Group B title with 38 points.
Kofi Mangesi won Men’s Group C with 40 points while Elorm R. Akuash Bonney claimed the Ladies’ version with 42 points.
In the Seniors Division, Jan Vogel emerged winner of the men’s category with 39 gross, while Helen Appah topped the ladies’ category with 44 gross.
Addressing participants, the company’s Board Chairman, Mr Ishmael Yamson, urged the company to approach its next phase with the same resilience, discipline and determination that have defined its success over the past three decades.
He drew a striking parallel between the game of golf and MTN Ghana’s three-decade journey, describing both as long games in which success depends less on one spectacular moment than on consistency, patience, judgment and the ability to recover from setbacks.
He said, golf had taught him a lesson that extended far beyond the fairways, thus, a round cannot be won on the first hole.
In golfing terms, he said, MTN Ghana had encountered its share of regulatory bunkers, competitive hazards and unexpected storms that had forced the company to pause, reassess and change its approach.
But those challenges, he suggested, were part of the journey rather than reasons to abandon it.
By Andrew Nortey
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