Collins Sefa The Government of Ghana has settled a US$709 million Eurobond obligation ahead of its maturity, extending its external debt repayments and signalling improving liquidity conditions as it works to rebuild credibility with investors.
The Ministry of Finance confirmed in a statement that the payment was completed on December 30, 2025, using accumulated cash buffers. The settlement brings Ghana’s total Eurobond disbursements in 2025 to about US$1.4 billion, in line with commitments outlined under the country’s debt restructuring memorandum.
Finance Minister Dr Cassiel Ato Baah Forson described the early settlement as a significant milestone in Ghana’s ongoing economic recovery.
“The Ministry of Finance has successfully settled a US$709 million Eurobond obligation on December 30, 2025, ahead of its due date, marking another important step in Ghana’s debt-management and recovery efforts,” he said.
According to the ministry, the latest payment follows two earlier instalments of US$349.52 million made earlier in the year, reflecting a deliberate strategy to restore investor confidence after the disruption caused by the 2022 debt crisis.
Dr Forson noted that the timely settlement underscores the government’s commitment to fiscal discipline and transparency.
“The settlement reaffirms Ghana’s credibility as a sovereign borrower and demonstrates our commitment to predictable, transparent and disciplined debt-service practices,” he stated.
The government says it intends to build on this momentum by accelerating fiscal and structural reforms, particularly in domestic revenue mobilisation, public financial management and public debt management.
“Fiscal buffers will continue to be strengthened to support debt-service obligations while sustainably financing Ghana’s development priorities,” the minister added.
The Finance Ministry also acknowledged the role of citizens in supporting the economic adjustment programme.
“Government is grateful to the people of Ghana for their understanding and cooperation, which have been vital to the progress made so far,” Dr Forson said, appealing for continued public support as reforms extend into 2026.
The Eurobond settlement forms part of Ghana’s broader recovery agenda under an IMF-supported programme aimed at stabilising the economy, reducing debt vulnerabilities and restoring access to international capital markets.
Market analysts say investors will closely monitor the sustainability of fiscal discipline, especially as the government balances reform commitments with rising expenditure pressures during the transition to medium-term growth targets.
