The Government of Ghana has successfully settled a $700 million Eurobond obligation ahead of schedule, marking its total payments to Eurobond holders at $2.1 billion since January 2025. This latest payment, made on Thursday, July 2, 2026, is part of the country’s commitments under its Eurobond Debt Exchange Programme.
According to a statement from Ghana’s Ministry of Finance, the $700 million settlement consisted of $525.2 million in principal repayments and $174.8 million in interest payments. The ministry confirmed that the payment was executed through the government’s planned financing arrangements, ensuring no undue pressure on Ghana’s foreign exchange reserves.
This proactive settlement is expected to reduce Ghana’s external debt burden, bolster investor confidence, and reinforce the government’s dedication to prudent debt management and macroeconomic stability. The Ministry of Finance emphasized that the payment strengthens confidence in the country’s debt management strategy.
The government reaffirmed its commitment to implementing sound public financial management practices to ensure the timely servicing of debt obligations. It also expressed appreciation to the people of Ghana for their continued patience and support as fiscal and debt management reforms progress.
Ghana’s latest Eurobond repayment comes as several African countries are rebalancing their external debt positions and re-engaging international capital markets. In a related development, Nigeria is preparing to return to the Eurobond market to raise fresh external financing.
In June 2026, the Federal Government of Nigeria announced plans for its first Eurobond issuance since November 2025. The Debt Management Office (DMO) invited banks and professional advisers to express interest in supporting the potential international debt sale, with a deadline of July 13 for submissions.
This proposed Eurobond issuance follows Nigeria’s recent $5 billion Total Return Swap financing arrangement with First Abu Dhabi Bank PJSC, from which approximately $1.5 billion has already been accessed. The Federal Government stated that the issuance aims to support budget financing, refinance existing obligations, and diversify the country’s external funding sources.
