GOV’T MAKES STRATEGIC $300 MILLION EUROBOND PAYMENT AMID DEBT RESTRUCTURING
The Government of Ghana has disbursed $300 million to fulfill its restructured Eurobond debt obligations, with coupon payments slated for today, July 3, 2025.
This pivotal payment underscores the country’s unrelenting commitment to honoring its financial commitments, following a triumphant Eurobond Debt Exchange Programme concluded last year.
The transaction is being expertly facilitated by the Bank of Ghana in tandem with its distinguished correspondent banking partners in Europe and the United States, targeting bondholders who participated in the country’s debt exchange program.
The local currency equivalent of the amount had earlier been transferred to the central bank to support the remittance, demonstrating the government’s meticulous approach to debt management.
This latest payment marks a crucial move in Ghana’s debt restructuring journey, showcasing the country’s resolve to bolster its sovereign credit profile, enhance investor confidence, and reduce borrowing costs over the medium term. A subsequent coupon payment is anticipated with great anticipation, as part of the ongoing repayment schedule.
Ghana’s debt restructuring endeavors have been marked by significant milestones, including the successful conclusion of a Eurobond Debt Exchange Programme last year. The current administration, led by President John Dramani Mahama, has upheld the revised terms, continuing with timely debt servicing under the restructured framework.
The country’s resolute commitment to debt management has been underscored by its ability to meet its financial obligations, despite the challenges posed by the debt crisis.
While Eurobond repayments are underway, the government is set to commence servicing its bilateral debts from 2026.
This strategic approach to debt management is expected to bolster investor confidence and reinforce Ghana’s reputation as a reliable borrower.
