Government disburses US$300 million to service Eurobond maturities
The Ministry of Finance has released US$300 million today to meet Ghana’s Eurobond obligations, ensuring timely payment on maturing external debt. This disbursement covers principal and interest due on the US$1 billion 8.875% Eurobond that matured on July 3.
In a statement, the Finance Ministry confirmed that funds had been transferred to the central bank’s external debt servicing account, safeguarding Ghana’s record of honoring its international commitments. The move follows the completion of debt-restructuring talks with commercial creditors and aligns with the government’s commitment to restoring market confidence.
Finance Minister Dr. Cassiel Ato Forson reiterated that effective debt management remains a top priority: “By meeting our Eurobond obligations in full and on time, we demonstrate fiscal discipline and uphold Ghana’s reputation in global capital markets.”
The US$300 million payout reflects principal and coupon payments on the maturing bond. With this settlement, Ghana maintains a clean Eurobond track record, which officials say will support efforts to access foreign financing on more favorable terms in the future.
This operation comes amid broader efforts to reduce the country’s debt burden through negotiated restructurings and prudent borrowing under the Economic Credit Facility programme with the International Monetary Fund. The Ministry noted that subsequent Eurobond maturities will be serviced from a mix of budgetary allocations and disbursements under the IMF-supported framework.
By: Patrick Teye
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