Ghana Settles $709 Million Eurobond Obligation Ahead of Deadline
- Ghana has settled a $709 million Eurobond obligation, marking a key milestone in its economic recovery efforts
- The Finance Ministry said this development underscores Ghana's commitment to disciplined debt management
- The government said it plans to strengthen reforms in public finance and domestic revenue mobilisation
The Ghanaian government has confirmed settling a $709 million Eurobond obligation that was due early in 2026.
This marked another major milestone in the country’s ongoing economic recovery and debt-management efforts.
Source: Twitter
In a statement on Facebook, the Ministry of Finance confirmed that the payment was made on Tuesday, December 30, 2025, using funds from cash buffers.
"The timely settlement reaffirms Ghana's credibility as a sovereign borrower and underscores the Government's commitment to restoring investor confidence through transparent, predictable and disciplined debt-service practices."
Following this payment, the disbursements to Eurobond holders in 2025 now stand at about $1.4 billion under the country’s restructuring memorandum.
This includes two earlier payments of $349.52 million each, in addition to the US$709 million settled this week.
In a message to the public, the Ministry of Finance expressed gratitude to Ghanaians for their patience and support, noting that their cooperation has been critical to the gains recorded in the recovery process.
According to the ministry, the successful settlement reaffirms Ghana’s credibility as a sovereign borrower and signals the government’s firm commitment to honouring its external debt obligations in a transparent, predictable and disciplined manner.
The government said it would build on the achievement by intensifying reforms in domestic revenue mobilisation, public financial management and public debt management, while continuing to strengthen fiscal buffers to sustainably finance national development priorities.
The Mahama administration earlier ruled out a quick return to the international capital markets to borrow.
Ghana's history in the Eurobond market
The Eurobond market was a consistent source of revenue for the government in recent years.
Ghana went on to the Eurobond market in 2007 and has borrowed nine times, amounting to US$15.615 billion.
GhanaFact reported that the country issued its first Eurobond of US$750 million in 2007 under the John Kufuor administration.
Between 2013 and 2016, under the first Mahama regime, it issued a total amount of US$3.84 billion in Eurobonds.
This was followed by US$11.025 billion from 2018 to 2021 under the Nana Akufo-Addo administration.
The outstanding Eurobond debt is US$13.103 billion, which has now been restructured.
Source: Getty Images
Mahama touts achievements amid Eurobond settlement
During an engagement with the press in September, President John Mahama touted the achievements of his administration barely eight months into office during his maiden engagement with the press at the Jubilee House.
He spoke on the gains in sectors ranging from education to agriculture.
Touching on the power and energy sector, the president said his administration had managed to avert the intermittent power outages, popularly known as Dumsor, which was a major concern when his administration assumed office on January 7, 2025.
According to the president, his administration was able to stabilise the power sector through strategic interventions.
IMF approves $367m disbursement to Ghana
In July, YEN.com.gh reported that the International Monetary Fund had approved the disbursement of about $367 million to Ghana after its latest review.
The new funding brought the total disbursements issued to the country under the Extended Credit Facility arrangement to around $2.3 billion.
Finance Minister Dr Cassiel Ato Forson hailed the update as being key to Ghana's strategic economic transformation, as the country aims to settle its dues.
Proofreading by Bruce Douglas, copy editor at YEN.com.gh.
Source: YEN.com.gh
