Dr Cassiel Ato Forson, Ghana’s finance minister, has announced that the Government of Ghana has settled a US$700 million Eurobond obligation ahead of its scheduled maturity.
According to the Ministry of Finance, the payment was made on Thursday, July 2, 2026, and comprised US$525.2 million in principal repayments and US$174.8 million in interest.
In a statement issued on July 6, 2026, the Finance Ministry detailed that with this latest transaction, Ghana has now paid a total of US$2.1 billion to Eurobond holders since January 2025, which is in line with the country’s Eurobond Debt Exchange Programme.
The Finance Ministry disclosed that the payment was executed through planned government financing arrangements, which did not place pressure on the country’s foreign exchange reserves.
Parts of the Finance Ministry press release read, “The payment was made through the Government’s planned financing arrangements without undue pressure on the country’s foreign exchange reserves. The settlement reduces Ghana’s outstanding Eurobond debt, strengthens investor confidence, and demonstrates the Government’s commitment to prudent debt management and macroeconomic stability.
The Ministry of Finance will continue to implement sound public financial management practices to ensure the timely servicing of Ghana’s debt obligations. The Ministry expresses its gratitude to the people of Ghana for their continued patience, support, and confidence,” the statement added.
In related news, Ato Forson has stated that his appetite is not going into the capital market just to borrow.
Ato Forson revealed he has no intention to rush back to the international capital market for loans.
He emphasised that Ghana must break the cycle of reckless borrowing, adding that borrowing must be deliberate and growth-focused.
According to Ato Forson, Ghana’s problem has always been borrowing, adding that the country sometimes borrows just for consumption.
Speaking on Joy News’ PM Express after presenting the 2026 Budget, Dr Ato Forson stated, “It has been Ghana’s problem, borrowing, borrowing, sometimes borrowing for consumption”.
He stressed. “I’m not one of those people. I’m not in a hurry to go to the capital market to borrow, no way. If I’m to take money, obviously there’s a budget, there’s a deficit to a stent, and you have to finance the deficit. I will take it domestically,” he said.
“We should be able to borrow and set up a domestic infrastructure board in cedi, so that you, if you have money and you want to support infrastructure, you should be able to support the government,” he said.
He added, “The appetite is not going into the capital market just to borrow. Like in the past, we saw it 3 billion every year.”
“You want to borrow smart; what does that mean? Borrow for things that you think the multiplier is better,” he said. “Let me put it simpler, not to borrow for shopping, okay, borrow for growth.”
See the post below:
GOVERNMENT OF GHANA SETTLES US$700 MILLION EUROBOND OBLIGATION! pic.twitter.com/l5a22OokB5
— Cassiel Ato Forson (PhD) (@Cassielforson) July 6, 2026
