Chief Executive Officer (CEO) of the National Petroleum Authority (NPA), Godwin Edudzi Tameklo, has lauded Finance Minister Dr. Cassiel Ato Baah Forson, for saving the nation billions of cedis during the payment of part of the country’s debt.
The savings, he indicates, come as a result of the exchange rate that has reduced drastically as a result of the Economic Management Team’s effort to stabilise the cedi.
Ghana repaid US$709 million of its Eurobond ahead of schedule, signalling renewed confidence in its debt-restructuring programme and a strengthening economic recovery.
The payment, made on Tuesday, December 30, 2025, was confirmed by Dr. Forson, on Wednesday, December 31, 2025, and ranked among the country’s largest single external debt-service transactions since its 2022 default.
The early settlement brought Ghana’s total Eurobond payments in 2025 to about US$1.4 billion, under the restructuring memorandum. This includes two earlier payments of US$349.52 million each, in addition to the latest $709 million repayment.
“The timely settlement reaffirms Ghana’s credibility as a sovereign borrower and underscores the government’s commitment to restoring investor confidence through transparent, predictable and disciplined debt-service practices,” Dr. Forson said in a statement posted on his social media handle on X, formerly Twitter.
Speaking on the government’s one-year performance in office on TV3’s BigIssue segment on the NewDay morning show on Wednesday, January 7, 2026, the NPA CEO highlighted the significance of the debt repayment and the savings made.
But for the drop in the exchange rate and its stabilisation, the Eurobond payment, he noted, would have cost the nation about GHC5 billion extra.
“We have not taken one dollar Eurobond as we speak today but the economy is sound. Ato Forson has today, paid the debt he inherited, about US$709 million, record,” he noted.
According to him, the best part of the payment is that: “He made the payment at the exchange rate of about GHC10.50. If that US$709 million was paid when NPP were in power, we were going to pay GHC13 billion. But because today the exchange rate has stabilised, when Ato Forson paid that debt of US$709, he paid a little over 8 billion in Ghana cedis,” he stated, adding “that is what you get when you put competent people who are not talking to handle the economy.”
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