The Ghanaian government has fully settled a US$700 million Eurobond obligation ahead of schedule, the Ministry of Finance said in a statement on Monday, signaling a significant milestone in its debt restructuring efforts.
The transaction, finalized on Thursday, comprised $525.2 million in principal repayments and $174.8 million in interest payments, according to official data released by state financial authorities.
The payout further reduces Ghana’s post-restructuring Eurobond portfolio, which was slashed from $13 billion to roughly $9.4 billion following a 37% nominal principal haircut accepted by international creditors in late 2024.
This marks $2.1 billion paid to international creditors since January 2025 under Ghana’s Eurobond Debt Exchange Programme, which was initiated to stabilize the nation’s economy after severe debt distress.
Officials emphasized the massive settlement was executed through planned domestic financing arrangements, successfully avoiding any undue pressure or depletion of the country’s critical foreign exchange reserves.
The timely payment follows years of intense negotiations after Ghana defaulted on most external debt in late 2022, subsequently securing a $3 billion IMF extended credit facility to anchor recovery.
“The settlement reduces Ghana’s outstanding Eurobond debt, strengthens investor confidence, and demonstrates the Government’s commitment to prudent debt management and macroeconomic stability,” the finance ministry said in a statement posted on X.
Economic analysts state this strategic payout reduces outstanding Eurobond debt, strengthens dipping international investor confidence, and demonstrates the government’s renewed commitment to long-term macroeconomic stability.
