Ratings: Foreign and Local Currency: B-/Positive/B For further details see ratings list. We expect Ghana's new administration to implement numerous measures that would help strengthen public finances from their current very weak level. We also expect that economic growth will accelerate as a result of increased oil production, supporting the implementation of corrective fiscal measures. We are therefore affirming the ratings and revising our outlook on Ghana to positive from stable. The positive outlook reflects the potential for us to raise the ratings over the next year if Ghana implements and adheres to measures that should sustainably alleviate the still substantial pressure on public finances, if external weaknesses start to abate, and if monetary policy transmission materially improves. On Oct.
