The Government of Ghana says it has reached the final stage of its external debt restructuring programme following the successful exchange of the outstanding SADEREA Notes, marking what it describes as a significant milestone in the country’s economic recovery efforts.
In a press release issued on Monday, July 13, the Ministry of Finance announced that the exchange was settled on July 13, 2026, with a value date of July 10, 2026.
According to the Ministry, the transaction resolves the last outstanding component of Ghana’s sovereign bonded debt restructuring.
“This exchange brings Ghana to the final stage of its external debt restructuring, marking a major milestone in the country’s economic recovery and resolving the last outstanding component of its sovereign bonded debt restructuring,” the statement said.
The Ministry explained that the 12.5% Senior Secured Amortizing Bonds were originally issued to finance capital expenditure in Ghana’s health sector.
It noted that while the original issuance amounted to US$253.2 million, approximately US$117.8 million in principal remained outstanding as of January 2026.
The government said completing the exchange demonstrates its commitment to restoring debt sustainability and reinforcing confidence in the country’s economy.
“The completion of this exchange underscores Government’s commitment to restoring debt sustainability, strengthening investor confidence, and maintaining macroeconomic stability,” the Ministry stated.
The Ministry further reaffirmed its commitment to prudent debt management and sound public financial management as part of efforts to sustain Ghana’s economic recovery.
“The Ministry of Finance remains committed to prudent debt management, sound public financial management, and the implementation of policies that safeguard long-term macroeconomic stability,” the statement added.
Ghana has been implementing a comprehensive debt restructuring programme under the International Monetary Fund-supported economic reform agenda aimed at restoring fiscal and debt sustainability after years of mounting public debt and economic challenges.
The successful exchange of the SADEREA Notes represents the final outstanding element of the country’s sovereign bonded debt restructuring process, according to the Ministry of Finance.
