The Government of Ghana has allocated $300 million to meet its restructured Eurobond debt obligations, with coupon payments set to be processed today, July 3, 2025.
This transaction is being managed by the Bank of Ghana in partnership with its correspondent banking institutions in Europe and the United States, focusing on bondholders who took part in the nation’s debt exchange programme.
The local currency equivalent of this amount was previously transferred to the central bank to facilitate the remittance.
The funds, drawn from the government’s specific Debt Service Accounts, demonstrate Ghana’s ongoing commitment to fulfilling its financial responsibilities following the successful conclusion of the Eurobond Debt Exchange Programme last year.
A subsequent coupon payment is anticipated in August 2025 as part of the continuing repayment schedule.
Ghana resumed Eurobond repayments in October 2024 after reaching an agreement with creditors to restructure approximately $13 billion in Eurobond liabilities.
This agreement allowed for staggered repayments, with a total of $520 million disbursed in 2024, which included a $120 million consent fee to incentivize bondholder participation.
Since that time, the current administration under President John Dramani Mahama has adhered to the revised terms, ensuring timely debt servicing within the restructured framework.
While Eurobond repayments are currently in progress, the government is projected to commence servicing its bilateral debts starting in 2026.
Market analysts believe that this latest payment – Ghana’s third since the restructuring agreement – could enhance the country’s sovereign credit profile, boost investor confidence, and contribute to reduced borrowing costs in the medium term.
