{"id":16934,"date":"2026-07-17T10:34:49","date_gmt":"2026-07-17T10:34:49","guid":{"rendered":"https:\/\/gnbcc.net\/?p=16934"},"modified":"2026-07-17T11:07:19","modified_gmt":"2026-07-17T11:07:19","slug":"govt-reaches-final-milestone-in-external-debt-restructuring","status":"publish","type":"post","link":"https:\/\/gnbcc.net\/govt-reaches-final-milestone-in-external-debt-restructuring\/","title":{"rendered":"Govt reaches final milestone in external debt restructuring"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Ghana has moved closer to completing its external debt restructuring programme after successfully exchanging the outstanding Savings and Development&nbsp;Economic Recovery Agreement (SADEREA) Notes, the Ministry of Finance has announced.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This means that Ghana has now settled the final outstanding component of its sovereign bonded debt restructuring, bringing the country significantly closer to completing its comprehensive external debt restructuring programme.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The ministry said the exchange was settled on Monday, July 13, 2026, with a value date of July 10, 2026, marking the final outstanding component of Ghana\u2019s sovereign bonded debt restructuring.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A press statement issued by the ministry yesterday said: &#8220;The development marks a significant milestone in Ghana\u2019s&nbsp;economic recovery efforts, and brings the country closer to concluding its comprehensive external debt restructuring programme&#8221;.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>SADEREA Notes<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The SADEREA Notes refer to the outstanding senior secured amortising bonds issued by Ghana, which were exchanged as part of the country&#8217;s recent external debt restructuring programme.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The SADEREA Notes comprise 12.5 per cent Senior Secured Amortising Bonds that were originally issued to finance capital expenditure in Ghana\u2019s health sector.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Of the original $253.2 million issued, approximately $117.8 million in principal remained outstanding as of January this year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The ministry, in the statement, said the successful exchange reinforced the government\u2019s commitment to restoring debt sustainability, strengthening investor confidence, and maintaining macroeconomic stability.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Officials described the completion of the transaction as another important step in Ghana\u2019s efforts to rebuild economic resilience following the debt restructuring process which had sought to place the country\u2019s public finances on a more sustainable footing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The ministry reaffirmed its commitment to prudent debt management, sound public financial management and the continued implementation of policies aimed at safeguarding Ghana\u2019s long-term macroeconomic stability.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Background<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Just a week earlier, the Ministry of Finance announced that it had fully settled its Eurobond obligation of $700 million for this year ahead of schedule.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The payment consisted of $525.2 million in principal repayments and $174.8 million in interest payments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With that latest payment, Ghana had paid a total of $2.1 billion to Eurobond holders since January last year, in accordance with the terms of the Eurobond Debt Exchange&nbsp;Programme, part of the country&#8217;s debt treatment programme.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The payment was made through the government\u2019s planned financing arrangements without undue pressure on the country\u2019s foreign exchange reserves.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The settlement reduced Ghana\u2019s outstanding Eurobond debt, touted as strengthening investor confidence, and demonstrating the government\u2019s commitment to prudent debt management and macroeconomic stability.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Minister of Finance, Dr Cassiel Ato Forson, then gave an assurance that the ministry would continue to implement sound public financial management practices to ensure the timely servicing of Ghana\u2019s debt obligations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The minister of finance expressed its gratitude to the people of Ghana for their continued patience, support and confidence.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Click <a href=\"https:\/\/www.graphic.com.gh\/news\/general-news\/ghana-news-govt-reaches-final-milestone-in-external-debt-restructuring.html\" rel=\"nofollow noopener\" target=\"_blank\">here<\/a> for source<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ghana has taken a significant step toward completing its external debt restructuring programme following the successful exchange of the remaining SADEREA Notes. The Ministry of Finance says the development reinforces efforts to restore debt sustainability, strengthen investor confidence and maintain macroeconomic stability.<\/p>\n","protected":false},"author":12,"featured_media":16935,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"yes","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[153],"tags":[],"class_list":["post-16934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-articles"],"jetpack-related-posts":[{"id":15983,"url":"https:\/\/gnbcc.net\/imf-backs-post-bailout-framework-as-govt-pursues-fiscal-credibility\/","url_meta":{"origin":16934,"position":0},"title":"IMF backs post-bailout framework, as gov\u2019t pursues fiscal credibility","author":"Grace Agorigo","date":"May 22, 2026","format":false,"excerpt":"The government has secured International Monetary Fund (IMF) staff-level backing for a new three-year Policy Coordination Instrument (PCI), marking the country\u2019s transition from crisis-era financing under the Extended Credit Facility (ECF) toward a reform-focused framework aimed at preserving macroeconomic stability and restoring long-term investor confidence. The IMF said its staff\u2026","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/SNBN-11.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/SNBN-11.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/SNBN-11.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/SNBN-11.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/SNBN-11.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":15685,"url":"https:\/\/gnbcc.net\/imf-revises-ghanas-2026-economic-growth-to-4-8\/","url_meta":{"origin":16934,"position":1},"title":"IMF revises Ghana\u2019s 2026 economic growth to 4.8%","author":"Michael Teye","date":"April 17, 2026","format":false,"excerpt":"THE International Monetary Fund (IMF) has revised the Ghana\u2019s 2026 economic growth to 4.8 per cent, from an earlier estimate of 4.6 per cent. The marginal increase, it said reflected stronger-than-expected performance under the ongoing IMF-supported programme, as well as sustained fiscal discipline and improving macroeconomic conditions.","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/IMFd-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/IMFd-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/IMFd-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/IMFd-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/IMFd-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/IMFd-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":15588,"url":"https:\/\/gnbcc.net\/2027-debt-wall-now-in-view-despite-successful-return-to-domestic-bond-market\/","url_meta":{"origin":16934,"position":2},"title":"2027 debt wall now in view, despite successful return to domestic bond market\u00a0","author":"Michael Teye","date":"April 10, 2026","format":false,"excerpt":"Government\u2019s return to the domestic bond market, for the first in three years, has delivered an early signal of restored investor confidence. But beneath the successful reopening lies a more structural question about whether the country can use this narrow window of macroeconomic stability to defuse a looming debt maturity\u2026","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/202-debt-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/202-debt-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/202-debt-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/202-debt-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/202-debt-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/04\/202-debt-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":15505,"url":"https:\/\/gnbcc.net\/govt-bets-on-recovery-story-to-win-back-investors\/","url_meta":{"origin":16934,"position":3},"title":"Gov\u2019t bets on recovery story to win back investors","author":"Michael Teye","date":"March 27, 2026","format":false,"excerpt":"Government is intensifying efforts to rebuild investor confidence, with Finance minister Cassiel Ato Forson pointing to a broad-based macroeconomic turnaround and improved fiscal performance as evidence that the economy has stabilised following its recent debt restructuring.","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/03\/investor-rec-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/03\/investor-rec-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/03\/investor-rec-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/03\/investor-rec-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/03\/investor-rec-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/03\/investor-rec-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":13466,"url":"https:\/\/gnbcc.net\/govt-imf-reach-staff-level-deal-on-5th-ecf-review\/","url_meta":{"origin":16934,"position":4},"title":"Gov\u2019t, IMF reach staff-level deal on 5th ECF review","author":"Michael Teye","date":"October 17, 2025","format":false,"excerpt":"Ghana has reached a staff-level agreement with the International Monetary Fund (IMF) on the fifth review of its US$3.2 billion Extended Credit Facility (ECF), paving the way for the disbursement of about US$385 million once approved by the IMF Executive Board.","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/10\/IMF-approves-Egypts-additional-5bn-funding-820m-to-be-disbursed-.jpeg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/10\/IMF-approves-Egypts-additional-5bn-funding-820m-to-be-disbursed-.jpeg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/10\/IMF-approves-Egypts-additional-5bn-funding-820m-to-be-disbursed-.jpeg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":15877,"url":"https:\/\/gnbcc.net\/sixth-imf-review-puts-spotlight-on-post-stabilisation-policy-execution\/","url_meta":{"origin":16934,"position":5},"title":"Sixth IMF review puts spotlight on post-stabilisation policy execution","author":"Grace Agorigo","date":"May 7, 2026","format":false,"excerpt":"The government has begun the sixth review of its US$3 billion Extended Credit Facility programme with the International Monetary Fund, shifting attention from macroeconomic stabilisation to the execution of policies needed to sustain growth and investor confidence. Finance minister Cassiel Ato Forson formally received an IMF mission led by Ruben\u2026","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/ESQ-Elsie-11.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/ESQ-Elsie-11.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/ESQ-Elsie-11.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/ESQ-Elsie-11.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/ESQ-Elsie-11.png?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/gnbcc.net\/wp-content\/uploads\/2026\/07\/ESQ-Elsie-18.jpg","_links":{"self":[{"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/posts\/16934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/comments?post=16934"}],"version-history":[{"count":2,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/posts\/16934\/revisions"}],"predecessor-version":[{"id":16940,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/posts\/16934\/revisions\/16940"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/media\/16935"}],"wp:attachment":[{"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/media?parent=16934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/categories?post=16934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gnbcc.net\/wp-json\/wp\/v2\/tags?post=16934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}