Outlook of Ghana’s external sector remains positive for second-half of 2026 – BoG

According to the July 2026 Monetary Policy Report, sustained safe-haven demand is expected to keep gold prices firm, supporting export receipts, while cocoa exports should benefit from higher prices and improving supply conditions.

In a rating action published on Friday, the agency also alluded to Nigeria’s vibrant economic growth, backed by relative stability across macroeconomic indicators, among its key considerations for the upgrade.

Moody’s revises Nigeria’s credit outlook to positive, validating Tinubu’s economic reforms. Learn how this impacts Nigeria’s investment grade path.