Relatively high fiscal deficits and high general government debt stock. Large current account deficits and weak external accounts. Low level of economic development and relatively narrow economic profile. Strong GDP growth. Significant oil production volumes contributing to economic growth. A track record of political stability and a vibrant, well-established democracy. The ratings are constrained by the country's high current account deficits, relatively low external reserves position, high government debt stock, and ongoing fiscal challenges. The ratings are also constrained by low GDP per capita and--despite oil production commencing--a still-narrow economic profile. The rating is supported by our view of Ghana's track record of political stability and its democracy, strong GDP growth, and strengthening oil production volumes (which over the medium
