Ghana Pays $349.5M Eurobond Debt, Reaffirms Fiscal Discipline and Market Stability

Government of Ghana has successfully fulfilled all its Eurobond debt service obligations for 2025, following a payment of US$349,523,674.56 made on Thursday, July 3, 2025, through the Bank of Ghana. This was disclosed in a press statement issued by the Ministry of Finance.

According to the Ministry, the payment forms part of Ghana’s commitments under the debt restructuring agreement concluded in October 2024. The government has now cumulatively serviced US$1.17 billion in Eurobond payments since the agreement came into force.

“Since the conclusion of Ghana’s Eurobond debt restructuring in October 2024, the Government of Ghana has cumulatively serviced US$1,174.64 million in Eurobond debt payments,” the statement said.

The Ministry provided a breakdown of the payments as follows:

• In October 2024, an initial US$475.60 million was paid, covering obligations under the restructuring agreement.
• A second payment of US$349.52 million was made in January 2025.
• The most recent US$349.52 million payment brings the total to date to US$1.17 billion.

“This brings Ghana fully up to date on all scheduled Eurobond debt service obligations for 2025,” the statement affirmed.

Looking ahead, the Ministry revealed that a total debt service of US$1,409.06 million is scheduled for 2026, underscoring the country’s ongoing fiscal responsibility under the new debt framework.

“This timely payment reaffirms Ghana’s commitment to macroeconomic stability, prudent debt management, and constructive engagement with external creditors,” the Ministry noted.

The Ministry added that this development is expected to:

• Positively influence Ghana’s credit ratings trajectory in the months ahead, as it demonstrates continued discipline in debt servicing post-restructuring.
• Boost investor confidence in Ghana’s sovereign credit profile and economic recovery programme.
• Support foreign exchange market stability, as it has been incorporated into the Bank of Ghana’s reserves and liquidity management strategy.

Ghana’s successful execution of its debt service obligations comes at a critical time as the country works to restore investor confidence and stabilize the macroeconomic environment following the Eurobond restructuring. The Ministry’s announcement signals to international markets and development partners that Ghana is on track with its recovery programme and is committed to meeting its financial commitments.

Read below; the ministry’s statement;

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