ACCRA, July 14 (Xinhua) -- The government of Ghana announced late Monday that it is nearing completion of the restructuring of its external debt.
A statement from the Ministry of Finance said the government had successfully exchanged its outstanding Savings and Development Economic Recovery Agreement (SADEREA) Notes, senior secured amortizing bonds worth 253.2 million U.S. dollars that were originally issued in 2014 with a 12.5 percent interest rate to finance capital expenditure in the country's health sector.
According to the statement, 117.8 million dollars of the principal on the SADEREA bonds, which remained outstanding as of January 2026, was settled on Monday, July 13, with July 10 as the value date.
"The completion of this exchange underscores the government's commitment to restoring debt sustainability, strengthening investor confidence, and maintaining macroeconomic stability," the statement said.
Ghana completed a 36-month reform program supported by a three-billion-dollar loan from the International Monetary Fund in May, but it still has to complete its debt exchange program with both domestic and external creditors, including bondholders, to restore debt sustainability and investor confidence. ■
