IMF Country Focus: Budget Credibility as an Anchor for Better Economic Outcomes for Africa

Policy priorities include more realistic forecasting, stronger expenditure controls, improved cash management, and institutional reforms to better align budgets with outcomes Budgets people can trust—because spending and revenues stay close to what was promised—are critical to delivering better economic outcomes. Yet across sub-Saharan Africa, it has become increasingly challenging to deliver on budget plans.

Examining the Impacts of Credit Rating on Investor Confidence in the Ghanaian Economy: Linkages to Macroeconomic Stability and Microeconomic Improvements

Abstract Sovereign credit ratings influence investor confidence by signalling a country’s fiscal and macroeconomic credibility. For Ghana, recent upgrades from 2024–2026 have coincided with improved macroeconomic stability and conditions that enable microeconomic improvements at the firm and household level.