Tuesday, 07 July

Government settles US$700m Eurobond debt ahead of schedule

News
Minister for Finance

The Government of Ghana has honoured a US$700 million Eurobond debt obligation ahead of its scheduled due date, a move the Ministry of Finance says reinforces the country's commitment to prudent debt management and ongoing economic recovery.

In a statement, the Ministry disclosed that the payment was completed on Thursday, July 2, 2026, comprising US$525.2 million in principal repayments and US$174.8 million in interest.

The latest disbursement brings Ghana's total payments to Eurobond investors to US$2.1 billion since January 2025 under the country's Eurobond Debt Exchange Programme.

According to the Ministry, the repayment was financed through previously planned funding arrangements and was executed without placing significant strain on the nation's foreign exchange reserves.

Officials say the early settlement is expected to further reduce Ghana's external debt obligations while boosting investor confidence in the government's fiscal consolidation and macroeconomic reform agenda.

The Ministry noted that meeting the payment ahead of schedule reflects government's resolve to maintain disciplined debt management and strengthen macroeconomic stability as implementation of the country's economic recovery programme continues.

The payment comes as Ghana works to rebuild confidence in the international financial markets following the successful restructuring of its external debt and the continued rollout of reforms under the International Monetary Fund's Policy Coordination Instrument (PCI).

The Ministry of Finance reaffirmed its commitment to sound public financial management, assuring investors and the public that government will continue to meet its debt obligations in a timely manner while safeguarding long-term fiscal sustainability.

It also thanked Ghanaians for their continued patience and support, saying the government's economic policies are aimed at restoring stability, strengthening public finances and rebuilding confidence in the country's economy.

Source: Classfmonline.com/Zita Okwang