Ghana has repaid a $700 million Eurobond obligation ahead of schedule, marking another milestone in its debt restructuring and fiscal recovery efforts.
According to a statement from Ghana’s Ministry of Finance, the payment was completed on July 2, 2026, ahead of the scheduled due date under the country’s Eurobond Debt Exchange Programme.
The latest settlement comprised $525.2 million in principal repayments and $174.8 million in interest payments.
With this payment, Ghana has now disbursed a cumulative $2.1 billion to Eurobond holders since January 2025, fulfilling commitments made under its debt restructuring framework.
The Ministry of Finance said the repayment was financed through carefully planned government funding arrangements, ensuring that the transaction did not place undue pressure on the country’s foreign exchange reserves.
Officials noted that the early repayment would reduce Ghana’s outstanding external debt, strengthen investor confidence, and demonstrate the government’s commitment to prudent debt management and macroeconomic stability.
The ministry added that disciplined public financial management remains central to Ghana’s fiscal reform agenda and its strategy to maintain long-term economic resilience.
The repayment comes as several African economies continue efforts to restore debt sustainability and improve access to international capital markets following recent global economic shocks.
In contrast, Nigeria is preparing to return to the international debt market. The Federal Government recently announced plans for its first Eurobond issuance since November 2025 and has invited banks and professional advisers to submit expressions of interest for the proposed transaction.
According to the Debt Management Office (DMO), the planned Eurobond sale is expected to support budget financing, refinance existing debt obligations, and diversify Nigeria’s external funding sources. The issuance follows the country’s recent $5 billion Total Return Swap financing arrangement with First Abu Dhabi Bank PJSC, under which approximately $1.5 billion has already been accessed.
