Thomas Ampem Nyarko is the Deputy Minister of Finance

Deputy Minister of Finance, Thomas Nyarko Ampem, has expressed optimism about Ghana’s economic trajectory, stating that recent developments signal a gradual return to economic stability.

His comment follows a recent upgrade by Fitch Ratings, which raised Ghana's credit rating to 'B-' with a stable outlook signaling growing investor confidence.

Speaking at the UNDP’s SDG Financing for Development Dialogue in Accra, Ampem emphasised the positive reception and strong ratings received noting that their performance was being recognised and celebrated.

“Part of the good news is that, because of the commendation and high ratings our presenters received today, they are being honored,” he said.

He added that maintaining such positive momentum could have a direct impact on Ghana's financial health.

“If we are able to sustain this, our cost of borrowing will go down. We will be able to borrow at competitive rates, unlike the situation we faced earlier. Our hope is not lost. We are getting back on track to rebuild the economy,” he explained.

He further expressed renewed confidence in Ghana’s path to economic recovery, citing strong collaboration with government agencies and improved fiscal measures aimed at boosting revenue generation.

“We are working closely with government authorities to maximise revenue collection and strengthen our financial standing,” he added.

SP/MA

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