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0 NewsGhana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-pitches-capital-market-reforms-to-global-investors/Ghana is making a direct pitch to international investors, presenting fiscal discipline and deeper capital markets as the foundation of a post-stabilisation economic agenda designed to attract long-term financing at scale.
Deputy Finance Minister Thomas Nyarko Ampem, speaking at the ACI Financial Market Association (FMA) World Congress 2026 in Accra, said the government’s adjustment programme over the past 17 months had restored macroeconomic stability, rebuilt investor confidence and improved the country’s sovereign risk profile following one of its most severe economic downturns in recent memory.
“Macroeconomic stability has been restored. Investor sentiment has actually strengthened. Importantly, sovereign risk perceptions have improved as well,” Ampem said.
The remarks carry direct market implications. Improved sovereign risk perceptions, if sustained, could gradually reduce Ghana’s borrowing costs and widen access to external financing, both of which remain sensitive variables for a country navigating a post-debt restructuring landscape. Ampem framed the link between fiscal credibility and financial market stability in plain terms, arguing that weak public finances transmit stress into markets through tighter liquidity, elevated borrowing costs and declining investor confidence, while restored discipline reverses that dynamic.
Ghana’s graduation from its International Monetary Fund (IMF) Extended Credit Facility (ECF) to a non-financing Policy Coordination Instrument (PCI) signals a shift in orientation, from stabilisation to structural growth. The government is now positioning what Ampem described as a “new economy agenda,” aimed at moving Ghana beyond commodity extraction toward value addition, productivity gains and technology-driven competitiveness.
That ambition carries a substantial financing requirement. Citing African Development Bank (AfDB) estimates, Ampem said Africa faces an annual infrastructure financing gap of between US$68 billion and US$108 billion. Closing it, he argued, demands financial markets capable of mobilising long-term capital through bond markets, blended finance, private equity, venture capital and sustainable finance instruments. “We want African capital to finance African transformation,” he said.
Vice President Professor Naana Jane Opoku-Agyemang reinforced the agenda with a sharper focus on institutional integrity. Speaking at the same forum, she argued that resilient financial markets are impossible to build without trust, and that trust depends on competence, ethics and strong institutions. She also placed artificial intelligence (AI) and digitalisation at the centre of the financial sector’s near-term challenges, noting that while automation can improve efficiency and expand access, it also raises accountability, cybersecurity and ethical risks that regulators cannot afford to ignore.
“For countries like Ghana, the challenge is to build digital capacity while also building digital trust,” she said.
The vice president added that deeper domestic capital markets, stronger foreign exchange frameworks, improved transparency and expanded local currency financing remain priorities, alongside greater regional financial integration under the African Continental Free Trade Area (AfCFTA).
The timing of these statements matters. Emerging and frontier markets are operating under sustained pressure from elevated global interest rates, geopolitical uncertainty and tighter external liquidity conditions. For Ghana, converting improved macroeconomic fundamentals into durable investor confidence and capital inflows will be the definitive test of whether the reform programme has produced structural change or simply a temporary stabilisation.
NewsGhana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-pitches-capital-market-reforms-to-global-investors/
