The Ghanaian government has settled a $700 million Eurobond obligation ahead of schedule, bringing its total payments to Eurobond holders to $2.1 billion since January 2025, in a move aimed at reducing the country’s external debt burden and reinforcing investor confidence
In a statement issued on Monday by the Public Relations Unit of Ghana’s Ministry of Finance, the government said the latest repayment was made on Thursday, July 2, 2026, as part of its commitments under the Eurobond Debt Exchange Programme
According to the ministry, the payment comprised $525.2 million in principal repayments and $174.8 million in interest payments
“On Thursday, 2nd July 2026, the Ministry of Finance fully settled its Eurobond obligation of US$700 million ahead of schedule
“The payment consisted of US$525.2 million in principal repayments and US$174.8 million in interest payments
“With this latest payment, Ghana has paid a total of US$2.1 billion to Eurobond holders since January 2025, in accordance with the terms of the Eurobond Debt Exchange Programme.”
The ministry said the repayment was executed through the government’s planned financing arrangements without placing undue pressure on Ghana’s foreign exchange reserves
It added that the latest settlement reduces the country’s outstanding Eurobond debt, strengthens investor confidence in Ghana’s debt management strategy, and underscores the government’s commitment to prudent debt management and macroeconomic stability
The government reaffirmed its commitment to maintaining sound public financial management practices to ensure the timely servicing of debt obligations, describing fiscal discipline as central to sustaining ongoing reforms and preserving long-term economic stability
The ministry also expressed appreciation to the people of Ghana for their continued patience, support and confidence as the government implements fiscal and debt management reforms
Ghana’s latest repayment comes as several African countries continue efforts to rebalance their external debt positions and re-engage international capital markets
Meanwhile, Nigeria is preparing to return to the Eurobond market to raise fresh external financing. In June 2026, the Federal Government announced plans for its first Eurobond issuance since November 2025, inviting banks and professional advisers to express interest in supporting the proposed international debt sale
According to a circular issued by Nigeria’s Debt Management Office (DMO), the government is seeking to appoint Transaction Advisers through an open competitive bidding process, with banks and law firms given until July 13 to submit Expressions of Interest and prequalification documents
The planned Eurobond issuance follows Nigeria’s recent $5 billion Total Return Swap financing arrangement with First Abu Dhabi Bank PJSC, from which about $1.5 billion has already been accessed
The Federal Government said the proposed Eurobond issuance is intended to support budget financing, refinance existing obligations and diversify the country’s external funding
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