Foreign investor participation in Ghana’s capital markets increased significantly during the first half of 2026, helping to reduce the threat of sudden capital outflows, according to the September 2026 Monetary Policy Report.
The report attributed the improvement to the issuance of new bonds, alongside better macroeconomic conditions and more favourable prospects across the financial markets. These developments have helped strengthen investor confidence and improve perceptions of Ghana’s investment environment.
It explained that improving economic fundamentals, declining concerns about the country’s sovereign risk and sustained stability in the foreign exchange market had contributed to reassuring investors and lowering the likelihood of abrupt capital withdrawals.
The report further indicated that foreign investor participation was expected to remain strong, provided the country maintained its prevailing macroeconomic stability.
Ghana’s Sovereign Risk Spreads Remain Stable
Meanwhile, Ghana’s sovereign risk spreads have remained relatively steady since the previous meeting of the Monetary Policy Committee, with the country performing favourably compared with other economies across sub Saharan Africa.
The report suggested that the relative stability reflected improving investor sentiment towards Ghana’s economy. This development could also strengthen the country’s credit risk profile while encouraging additional portfolio investments and foreign direct investment.
Sustaining macroeconomic stability will therefore remain important to preserving investor confidence, attracting foreign capital and reinforcing Ghana’s position in international financial markets.
