“Ghana’s Credibility Restored” — John Dramani Mahama Touts Sovereign Credit Rating Upgrades
Credit: Ernest K. Arhinful
President John Dramani Mahama has declared that Ghana has regained credibility on the international stage, citing recent upgrades in the country’s sovereign credit ratings by global agencies as proof of renewed confidence in the economy.
Delivering the 2026 State of the Nation Address (SONA) in Parliament on Friday, 27 February, President Mahama told lawmakers that the improved assessments reflect the impact of his government’s fiscal consolidation and stabilisation measures.
“Ghana’s credibility is restored,” he said. “The recent upgrades by international rating agencies are a clear testament that the world once again believes in our economic direction and fiscal discipline.”
Investor Confidence and Economic Management
The President noted that the positive ratings signal growing investor trust and recognition of responsible economic management under his administration.
However, he criticised the Domestic Debt Exchange Programme (DDEP) introduced under the previous administration led by former President Nana Addo Dankwa Akufo‑Addo, arguing that it placed undue pressure on pensioners, bondholders, and domestic investors, thereby undermining confidence in the financial sector.
President Mahama emphasised that his government is committed to rebuilding trust in the economy while ensuring that future policy decisions protect ordinary Ghanaians and strengthen long-term economic stability.
