Finance Minister Dr Cassiel Ato Forson has said government intends to settle the US$590 million Eurobond obligation due on January 2, 2027, alongside the February 2027 domestic bond, by December 31, 2026.
He assured Eurobond holders that government will pay all outstanding principal and coupon obligations in full and on time.
He told Parliament during the presentation of the 2027 Budget on November 12, that the two repayments will amount to more than GH¢36 billion in debt cleared ahead of schedule.
“Mr. Speaker, a further US$590 million in Eurobond obligations falls due on 2nd January 2027.
“Mr. Speaker, we intend to pay off both the 2nd January Eurobond and the February domestic bond by 31st December 2026.
“Again, to our Eurobond holders, hear me clearly: every dollar owed to you, principal and coupon, will be paid in full and on time,” he said.
In February and August 2027 alone, about GH¢53 billion of DDEP bonds obligations will fall due.
“Mr. Speaker, we are building enough buffers in the Debt Service Reserve Account to cater for the GH¢11.1 billion of interest falling due in February 2027 and subsequent interest payments,” the Minister assured.
Dr Forson acknowledged that the debt restructuring had come at a painful cost to Ghanaians, saying government had a responsibility to borrow responsibly and plan for repayment.
He said the financing and borrowing reforms outlined in the 2027 Budget were intended to ensure greater discipline in managing the country’s debt.
