Ghana’s Ministry of Finance has announced a major feat in the West African country’s remarkable economic rebound with the settlement of its Eurobond debt ahead of schedule. According to the Ministry on Monday, it’d made a payment of $700 million to Eurobond holders as part of its obligations under the Eurobond Debt Exchange Programme bringing the total payments made to date at $2.1 billion in accordance with the terms of the programme. The latest payment consisted of an amount of $525.2 million in principal repayments and $174.8 million in interest payments.

The Ministry said in a statement, “the payment was made through the Government’s planned financing arrangements without undue pressure on the country’s foreign exchange reserves.” However, the payment which was made on July 2 this year, provides relief to Ghana as it makes effort to settle its debts with creditors both domestic and foreign while assuring investors about the steady recovery of the economy is in the process. Furthermore, the Government of Ghana (GoG) as at end of year 2025 fulfilled its Eurobond obligation with a payment of $709 million which part of payments GoG will be making until at least 2041 as outlined in the memorandum of understanding of the debt exchange programme. According to the International Monetary Fund, Ghana owed a total of $13.1 billion in external bonds as at end-2022, with a Net Present Value of $16.49 billion.

Ministry of Finance further assured investors of maintaining its stance on fiscal discipline as the country works to settle all his debts ahead of schedule while having enough to run society.