Ghana Settles $300m Eurobond Debt Payment Today

The Government of Ghana has released US$300 million to settle Eurobond coupon payments due today, July 3, 2025, marking the country’s third successful payment to bondholders since the debt restructuring deal was reached in 2024.

According to information gathered, the Bank of Ghana is expected to transfer the funds through its corresponding banks in Europe and the United States to creditors who participated in the Eurobond Debt Exchange Programme.

The payment is being made from the Debt Service Accounts, a dedicated fund set up to facilitate coupon obligations under the newly restructured terms. The Ghana cedi component of the funds had already been provided to the central bank earlier to ensure smooth disbursement.

This follows Ghana’s initial resumption of Eurobond debt servicing in October 2024, after reaching a restructuring agreement with bondholders. A total of US$520 million was paid out in 2024, which included a $120 million consent fee for investors who agreed to swap their old bonds under specified conditions.

The current administration, led by President John Dramani Mahama, continued the payment plan into January 2025, demonstrating consistency in honouring Ghana’s restructured debt obligations.

The successful conclusion of the Eurobond exchange programme in 2024 saw nearly 100% participation by investors, allowing the government to restructure approximately $13 billion in debt owed to foreign bondholders.

While payments to bilateral creditors are scheduled to begin in 2026, this latest Eurobond coupon payout is seen as a critical step in rebuilding market confidence.

Financial analysts suggest that the consistency of these payments may positively influence Ghana’s credit ratings in the near term, potentially easing the cost of borrowing and improving the country’s risk profile.

These efforts align with broader fiscal consolidation measures and the IMF-supported programme, under which Ghana has made notable progress. The combination of ongoing structural reforms and restored external payments may further bolster investor sentiment.