Audio By Carbonatix
The consistent debt commitments are expected to help Ghana lift its Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) from its current Restricted Default status to a triple C.
This should further boost investor confidence in the near term.
Databank Research said it remain optimistic that the likelihood of a default is low, given the sovereign's strong commitment to restoring its creditworthiness through International Monetary Fund-driven fiscal reforms, strategic debt management, and strong economic growth.
Last week, the Government of Ghana paid Eurobond coupons totalling US$346 million as part of the restructuring terms under its US$13 billion restructured external debt.
This payment follows broader efforts, including US$520 million paid in 2024, which comprised past due interest from 2022 and an agreed consent fee.
The next coupon payment is anticipated in July 2025, as the sovereign navigates fiscal challenges under an IMF programme amid a stabilising economy.
Latest Stories
-
Unemployed in court for defrauding businessman of GH¢1,860,000
20 minutes -
Ghana’s politics is on a ‘slippery’ path over criminal prosecutions – Prof Agyeman-Duah
1 hour -
Samuel Anim Addo laments decline of Ghanaian values and discipline
1 hour -
Ghanaian winger Nana-Kofi Donkor completes move to AIK
1 hour -
We have adequate reserves to stabilise and protect the cedi’s value – BoG Governor assures
1 hour -
Ghana midfielder Iddrisu Baba joins Partizan Belgrade on loan from Almería
2 hours -
Helicopter crash: Tribute by Lands Minister Armah-Kofi Buah — A Year of silence, a call to purpose: Honouring our 8 fallen patriots
2 hours -
“Nobody will have time to read your petition; it doesn’t make sense” – Mustapha Gbande tells NPP
2 hours -
‘Never give up, but don’t trust too much’ – Samuel Anim Addo shares life lessons
2 hours -
Health Ministry develops AI policy to guide safe use of artificial intelligence in Ghana’s healthcare system
2 hours -
Defender Magazine to preserve Omane Boamah’s legacy of service and integrity – Ato Forson
3 hours -
Abomosu STEM SHS grabs final Eastern Region NSMQ slot after dramatic tie-breaker triumph
3 hours -
Woman jailed 3 years for abducting eight-month-old baby at Kpando Market
3 hours -
It’s disrespectful to send Nana Yaa Jantuah, a third-tier presidential staffer to receive petition – Nana B
3 hours -
Trump denies US weapons shortage and says information ‘leakers’ being ‘hunted down’
3 hours