Ghana has repaid $709 million of Eurobonds ahead of schedule, a sign of renewed confidence in its debt-restructuring program and a strong economic recovery.
The payment, due on Dec. 30, 2025, was confirmed by Finance Minister Casil Ato Forsson on Wednesday and is one of the country's largest single external debt-servicing transactions since the 2022 default.
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The initial settlement under the restructuring memorandum brings Ghana's total Eurobond repayments due in 2025 to approximately $1.4 billion. This includes the latest $709 million repayment in addition to two earlier payments of $349.52 million each.
Forsan social media platform
He said the government will build on this progress by accelerating reforms in domestic revenue mobilisation, public financial management and public debt management, while strengthening the fiscal buffer to meet future debt-service obligations and sustainably finance development priorities.
The gold-rich West African economy also benefited from the currency's sharp rise. The cedi is Africa's best-performing currency this year, gaining about 26 percent in the first 11 months to 2025, supported by improved macro fundamentals and tight fiscal controls.
In addition to Eurobond repayments, Ghana has stepped up efforts to clear legacy arrears in key sectors. The government has paid off most of the approximately $75 million owed for gas supplies to Nigeria, as part of a broader energy-sector debt management, with only a small balance remaining.
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In the social sector, the National Health Insurance Authority (NHIA) paid out GH¢834 million in outstanding dues to healthcare providers in April 2025. The government has also cleared outstanding tuition fees for Ghanaian students studying abroad, although some arrears remain until mid-2025.
The country completed a major Eurobond restructuring in late 2024, a move that contributed to a rating upgrade by Moody's and a more positive sovereign outlook.
