# Ghana Credit Rating & Sovereign Risk Score

Makrognosis sovereign credit model scores Ghana at 59 out of 100 as of 9 November 2026, equivalent to BBB on the familiar letter scale — investment grade.
The score is unchanged from the previous assessment on 1 October 2026.
That places Ghana 48th of the 84 economies the model scores; Russia has the highest score at 100.
Key inputs include government debt of 45.7% of GDP, a fiscal balance of −2.8% of GDP, a current account balance of 8.2% of GDP.
This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

- Source: Makrognosis sovereign credit model
- Makrognosis code: `CREDIT:GH`
- Scale: 0–100 (100 = strongest credit); grade equivalent is model-implied
- Page: https://makrognosis.robomacro.com/data/ghana/credit-rating

## Score history

| Date | Score | Grade equivalent |
|---|---:|---|
| 2026-11-09 | 58.9 | BBB |
| 2026-10-01 | 58.9 | BBB |
| 2026-07-31 | 58.9 | BBB |
| 2026-07-30 | 42.8 | BB |
| 2026-07-26 | 40.8 | BB- |
| 2026-06-21 | 48.3 | BB+ |
| 2026-06-18 | 40.9 | BB- |

## Inputs

| Input | Value |
|---|---:|
| GDP per capita | US$3,257.2 |
| Real GDP growth, 5-year average | 4.3% |
| Inflation, recent average | 13.0% |
| Government debt | 45.7% of GDP |
| Fiscal balance | −2.8% of GDP |
| Current account balance | 8.2% of GDP |
| External debt | 46.9% of GDP |
| Foreign-exchange reserves | 1.6 months of imports |
| Governance (World Bank WGI composite) | 0.00767 |

## API

```
GET https://makrognosis.robomacro.com/v1/credit/GH
```