The government has announced plans to spend US$1.4 billion next year in servicing debt to Eurobond holders.

This was contained in a statement issued by the Ministry of Finance.

The Ministry confirmed that it had finalised the third tranche payment of US$349 million to investors on July 3, 2025.

The announcement confirmed an earlier story by JoyBusiness that some payments will be made on July 3, 2025, to the bondholders as coupon payments.

Since the conclusion of Ghana’s Eurobond debt restructuring in October 2024, the government has cumulatively serviced $US1.17 billion.

In October 2024, the government made an initial payment of US$475.60 million, covering obligations due under the restructuring agreement, including the first post-restructuring debt service.

In January 2025, the government also paid US$349.52 million. A further US$349.52 million has been paid so far in July 2025.

The Ministry of Finance in the statement added that the payment shows that Ghana is up to date on all scheduled Eurobond debt service obligations for 2025.

Expectations and Outlook

“The timely payment reaffirms Ghana’s commitment to macroeconomic stability, prudent management and constructive engagement with external creditors,” the statement added.

The Ministry again argued that this payment, together with the previous one, should positively influence Ghana’s credit ratings trajectory in the months ahead, as it demonstrates continued discipline in debt servicing post-restructuring.

In addition, it will boost investor confidence in Ghana’s sovereign credit profile and economic recovery programme.

The payment should also support foreign exchange market stability, as it has been incorporated into the Bank of Ghana’s reserves and liquidity management strategy.