Government resumes Eurobond debts servicing after completion of exchange programme with investors

The Ghanaian government has resumed servicing its Eurobond debts, paying $520 million to bondholders following the completion of a debt exchange program.

This includes $120 million as a consent fee for bondholders who agreed to exchange old bonds under specified conditions, and $320 million in frozen coupon payments from a 2022 debt service freeze.

Coupon payments are set to resume in January 2025, with the next due in July 2025.

The government restructured $13 billion in Eurobond debt, with bilateral creditor repayments beginning in 2026. A proposal for a Sinking Fund has been submitted to reduce future fiscal burdens.

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