The Government of Ghana has committed to spending US$1.4 billion in 2025 to meet its Eurobond debt service obligations, in line with its post-restructuring roadmap. This was confirmed by the Ministry of Finance following the successful disbursement of a third tranche payment of US$349 million to international bondholders on July 3, 2025. The latest payment brings Ghana’s total Eurobond debt service payments to US$1.17 billion since the country concluded its historic external debt restructuring in October 2024. Earlier disbursements include US$475.6 million in October 2024 and US$349.52 million in January 2025.
In a press statement, the Finance Ministry stressed that the country is now fully current on all Eurobond obligations due in 2025. It described the successful payment record as a testament to Ghana’s fiscal discipline and a critical step in restoring macroeconomic stability after years of debt distress and currency volatility. The Ministry added that timely payments are expected to strengthen investor sentiment, improve Ghana’s sovereign credit rating outlook, and support continued access to international capital markets in the medium term.
Furthermore, the debt servicing aligns with the Bank of Ghana’s foreign reserves strategy and is anticipated to contribute to exchange rate stability by reducing pressure on the cedi. Ghana restructured over US$13 billion in Eurobond liabilities as part of a broader debt sustainability strategy under the International Monetary Fund’s Extended Credit Facility program, which also involves domestic debt optimization and improved revenue mobilization efforts.
