Key Takeaways
- Ghana settled a $700 million Eurobond obligation ahead of schedule
- The country has now paid $2.1 billion to bondholders since January 2025
- The payment was made without pressure on foreign exchange reserves
Ghana has fully settled a $700 million Eurobond obligation ahead of its scheduled deadline, marking one of the country’s largest single debt payments since it began restructuring its external bonds.
ItsMinistry of Finance, in a press release issued Monday in Accra, said the payment was completed on Thursday, July 2, 2026.
The obligation consisted of $525.2 million in principal repayments and $174.8 million in interest payments. With this latest settlement, Ghana has now paid a total of $2.1 billion to Eurobond holders since January 2025, in line with the terms of its Eurobond Debt Exchange Programme.
“The payment was made through the Government’s planned financing arrangements without undue pressure on the country’s foreign exchange reserves,” the ministry said.
With this latest payment, Ghana has paid a total of $2.1 billion to Eurobond holders since January 2025.
A programme built around structured repayments
Ghana’s Eurobond Debt Exchange Programme was set up as part of the country’s broader debt restructuring effort following its 2022 default on external obligations.
The programme laid out a schedule for bondholders to receive principal and interest payments over time, replacing the terms of Ghana’s original Eurobonds issued before the crisis. The ministry said the settlement reduces Ghana’s outstanding Eurobond debt and strengthens investor confidence in the country’s ability to manage its obligations.
It added that the payment demonstrates the government’s commitment to prudent debt management and macroeconomic stability.
Ghana’s ability to make the payment ahead of schedule, without straining its currency reserves, points to improved liquidity conditions compared to the depths of its 2022 debt crisis.
Ministry signals continued debt discipline
The Ministry of Finance said it will continue to implement sound public financial management practices to ensure the timely servicing of Ghana’s debt obligations going forward. The statement did not disclose the remaining balance on Ghana’s restructured Eurobonds or the schedule for future payments under the exchange programme.
Ghana’s economy has shown signs of stabilizing in recent months, with inflation easing from double-digit levels seen through 2024 and into early 2025.
The country remains under an International Monetary Fund-supported programme that has anchored its fiscal consolidation efforts since 2023.
The ministry closed its statement by thanking Ghanaians “for their continued patience, support, and confidence” through the restructuring process.
