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Ghana makes US$349.5m Eurobond debt payment

Published 12 hours ago2 minute read

The Government of Ghana has announced that it has successfully made a payment of US$349.52 million to service its Eurobond debt, reaffirming its commitment to maintaining macroeconomic stability and honouring external obligations.

In a statement released on Wednesday (2 July), the Ministry of Finance said the payment was made through the Bank of Ghana and marks the latest instalment following the country’s Eurobond debt restructuring concluded in October 2024.

According to the Ministry, the government has now cumulatively serviced US$1.17 billion in Eurobond debt since the restructuring agreement was reached. This includes an initial payment of US$475.6 million in October 2024, a further US$349.52 million in January 2025, and the latest payment in July 2025.

This latest transaction ensures Ghana is fully up to date with all its scheduled Eurobond debt service obligations for 2025.

Looking ahead, the government is expected to make additional debt service payments amounting to US$1.41 billion in 2026. Officials say that the consistent fulfilment of these obligations is intended to strengthen investor confidence and support Ghana’s economic recovery programme.

The Ministry added that the timely payments are also expected to positively influence the country’s credit ratings and contribute to stability in the foreign exchange market. The funds, it added, have been factored into the Bank of Ghana’s reserves and liquidity management strategy to mitigate potential market volatility.

The announcement comes at a time when Ghana continues to navigate a delicate post-restructuring economic environment, with authorities keen to demonstrate fiscal discipline and maintain engagement with international creditors.

Origin:
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The Herald ghana
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