Ghana has reached the final stage of its external debt restructuring programme following the successful exchange of the outstanding SADEREA Notes.
This was disclosed by the Ministry in a statement issued on Monday, July 13, 2026, describing the development as a major milestone in the country’s economic recovery efforts.
According to the Ministry, the exchange was settled on July 13 with a value date of July 10, effectively resolving the last outstanding component of Ghana’s sovereign bonded debt restructuring.
“This exchange brings Ghana to the final stage of its external debt restructuring, marking a major milestone in the country’s economic recovery and resolving the last outstanding component of its sovereign bonded debt restructuring,” the statement said.
The Ministry explained that the 12.5 per cent Senior Secured Amortising Bonds were originally issued to finance capital expenditure in Ghana’s health sector.
It added that out of the original issuance of US$253.2 million, approximately US$117.8 million in principal remained outstanding as of January 2026.
“The completion of this exchange underscores Government’s commitment to restoring debt sustainability, strengthening investor confidence, and maintaining macroeconomic stability,” the Ministry stated.
Ghana embarked on an extensive debt restructuring programme in 2022 after mounting public debt, rising debt servicing costs and limited access to international capital markets placed significant pressure on the economy.
The debt treatment formed a key component of Ghana’s US$3 billion International Monetary Fund-supported programme aimed at restoring debt sustainability and macroeconomic stability.
Since then, government has concluded negotiations with domestic bondholders, official bilateral creditors and Eurobond holders as part of efforts to reduce the country’s debt burden and restore investor confidence.
The Ministry reiterated government’s commitment to prudent debt management and sound public financial management practices.
“The Ministry of Finance remains committed to prudent debt management, sound public financial management, and the implementation of policies that safeguard long-term macroeconomic stability,” it added.
Source: Starrfm.com.gh
