Govt releases $300m for Eurobond Coupon payment
The Government of Ghana has disbursed $300 million to fulfil its restructured Eurobond debt obligations, with coupon payments scheduled to be made today, July 3, 2025.
The transaction is being facilitated by the Bank of Ghana in collaboration with its correspondent banking partners in Europe and the United States, targeting bondholders who participated in the country’s debt exchange programme.
The local currency equivalent of the amount had earlier been transferred to the central bank to support the remittance.
The funds, sourced from the government’s dedicated Debt Service Accounts, signal Ghana’s continued commitment to meeting its financial obligations following the successful Eurobond Debt Exchange Programme concluded last year.
A subsequent coupon payment is expected in August 2025 as part of the ongoing repayment schedule.
Ghana resumed Eurobond repayments in October 2024 after reaching an agreement with creditors to restructure approximately $13 billion in Eurobond liabilities.
The deal enabled staggered repayments, with a total of $520 million paid out in 2024, including a $120 million consent fee to encourage bondholder participation.
Since then, the current administration led by President John Dramani Mahama has upheld the revised terms, continuing with timely debt servicing under the restructured framework.
While Eurobond repayments are underway, the government is expected to begin servicing its bilateral debts from 2026.
Market watchers believe this latest payment – Ghana’s third since the restructuring deal could bolster the country’s sovereign credit profile, improve investor confidence, and help lower borrowing costs over the medium term.
