Ghana clears $709m Eurobond as debt recovery gathers pace

Ghana has settled a $709 million Eurobond payment ahead of schedule, reinforcing its debt recovery drive and bolstering confidence in the country’s fiscal management.

The Ministry of Finance said the payment was completed on December 30, 2025, days before the obligation fell due, describing it as a key milestone in the ongoing external debt restructuring programme.

The ministry noted that the early settlement signals discipline in public debt management at a time when the government is seeking to stabilise the economy and rebuild investor trust.

According to the ministry, the $709 million payment forms part of a broader set of Eurobond settlements made in 2025 under the restructuring memorandum agreed with external creditors.

“This timely settlement highlights the government’s commitment to transparent, predictable and disciplined debt-service practices,” the statement said.

With the latest payment, total Eurobond payments made in 2025 now stand at about $1.4 billion. These include earlier settlements of $349.52 million and $349.52 million, in addition to the $709 million paid in December.

The ministry said meeting these obligations demonstrates Ghana’s capacity to honour restructured commitments while maintaining essential public services.

The Finance Ministry stressed that clearing the obligation ahead of time sends a positive signal to markets. “The early payment underscores Ghana’s credibility as a sovereign borrower and our determination to restore investor confidence,” the statement added.

Government also indicated that the Eurobond settlement is part of a wider reform agenda aimed at strengthening domestic revenue mobilisation, tightening public financial management, and improving public debt oversight.

“Building on this achievement, reforms in revenue mobilisation and debt management will be intensified to support sustainable economic growth,” the ministry said.

The statement further assured that fiscal buffers would continue to be strengthened to ensure consistency in meeting future debt-service obligations.

According to the ministry, these measures are designed to safeguard the gains made in macroeconomic stability while supporting long-term development priorities.

Government expressed appreciation to Ghanaians for their patience and cooperation during the economic adjustment period.

“The understanding and support of the Ghanaian people have been vital to the recovery efforts,” the ministry noted, while appealing for continued cooperation as further reforms take effect in 2026.

The Finance Ministry said the successful settlement positions the country more firmly for improved economic performance in the coming year, as authorities work to consolidate recent gains and sustain the recovery momentum.