GOVERNMENT OF GHANA SETTLES US$709 MILLION EUROBOND OBLIGATION
The Ministry of Finance has successfully settled a US$709 million Eurobond obligation on 30th December 2025, ahead of its due date, marking another significant milestone in Ghana’s economic recovery and debt-management efforts.
2. This brings total payments in 2025 alone to US$1.4 billion to Eurobond holders under the restructuring memorandum, comprising payments of US$349.52 million, US$349.52 million, and US$709.00 million.
3. The timely settlement reaffirms Ghana’s credibility as a sovereign borrower and
underscores Government’s commitment to restoring investor confidence through
transparent, predictable, and disciplined debt-service practices.
4. Building on this achievement, Government will intensify reforms in domestic revenue mobilisation, public financial management, and public debt management.
5. Fiscal buffers will continue to be strengthened to support debt-service obligations and sustainably finance Ghana’s development agenda.
6. Government thanks the good people of Ghana for their support and understanding,
which have been vital to the country’s economic recovery.
7. We also take this opportunity to appeal for continued forbearance and cooperation
as further economic reforms are implemented in the coming year to consolidate the gains
achieved in 2025.
Ghana’s Eurobond obligations arise from a series of international bond issuances undertaken between 2007 and 2021 to finance infrastructure, energy projects, and budgetary support. Over this period, the total face value of Ghana’s Eurobond stock built up to about US$13 billion prior to the debt restructuring.
In the wake of severe fiscal pressures triggered by the COVID 19 pandemic, rising global interest rates, and tighter international financial conditions, Government suspended Eurobond payments in 2022 and subsequently launched a comprehensive external debt restructuring programme. This process culminated in an agreement with Eurobond holders under a restructuring memorandum that reduced the debt burden through maturity extensions and lower interest payments, thereby improving debt sustainability.
Under the restructured arrangement, Ghana committed to a phased repayment schedule. In 2025 alone, Government has made total payments of about US$1.4 billion to Eurobond holders, including the recent US$709 million settlement. These payments form part of the agreed post restructuring obligations rather than the original bond terms.
Following these settlements, Ghana’s remaining Eurobond obligations now stand at several billion US dollars under the revised schedule, with repayments spread over the medium to long term. This approach is designed to ease near term fiscal pressure while ensuring that Ghana continues to meet its commitments in a predictable and orderly manner.
The current settlement therefore reflects steady progress in honouring the restructured Eurobond agreements and reinforces Government’s broader strategy to restore credibility, stabilize the economy, and place public debt on a sustainable path.
