Finance Minister Cassiel Ato Forson announced Ghana’s comprehensive plan to meet $3.7 billion in Eurobond repayments due between 2026 and 2028.
During Thursday’s 2025 Mid-Year Budget Review in Parliament, Forson detailed the reactivation of a U.S. dollar sinking fund to cover obligations of $1.42 billion (2026), $1.17 billion (2027), and $1.14 billion (2028).
A parallel cedi-denominated sinking fund will address domestic debt peaks, targeting ¢20 billion ($1.91 billion) in 2026, ¢50.3 billion in 2027, and ¢45.7 billion in 2028. “This structured approach ensures timely debt redemption and boosts investor confidence,” Forson stated, emphasizing its role in long-term fiscal sustainability.
The measures follow Ghana’s January memorandum with external creditors after its 2022 default. Recent validation came from Fitch Ratings, which upgraded Ghana’s long-term foreign-currency issuer rating from “restricted default” to “B-” in June, reflecting improved debt management prospects under President Mahama’s administration.
