Ghana Clears $700 Million Eurobond Ahead of Schedule in Recovery Milestone

Ghana’s Ministry of Finance says it fully settled a US$700 million Eurobond obligation ahead of schedule on July 2, and has signed a debt-restructuring agreement with the United Kingdom to help unlock infrastructure projects. Officials cast the moves as evidence that the country’s recovery from its 2022 debt crisis is holding.

With the cedi firmer and inflation easing, Accra is courting investors, including at Ghana Investment and Trade Week this week. For the Ghanaian diaspora, steadier public finances support confidence in remittances, savings and homeland investment.

Source: Ministry of Finance, Ghana; Modern Ghana.