The Government of Ghana has reached the final stage of its external debt restructuring programme following the successful exchange of the outstanding SADEREA Notes, marking a significant milestone in the country’s efforts to restore debt sustainability and strengthen macroeconomic stability.
In a press release issued by the Ministry of Finance, the government announced that the exchange of the outstanding SADEREA Notes was successfully completed on 13th July 2026, with a value date of 10th July 2026.
According to the Ministry, the successful transaction effectively resolves the last outstanding component of Ghana’s sovereign bonded debt restructuring, bringing the country closer to completing its external debt restructuring programme.
The Ministry explained that the 12.5 percent Senior Secured Amortising Bonds were originally issued to finance capital expenditure in Ghana’s health sector. It noted that of the original issuance valued at US$253.2 million, approximately US$117.8 million in principal remained outstanding as of January 2026.
The Ministry of Finance described the exchange as a major achievement in Ghana’s ongoing economic recovery agenda, stating that it demonstrates the government’s commitment to restoring debt sustainability, rebuilding investor confidence and maintaining macroeconomic stability.
It further indicated that the completion of the exchange reinforces government’s resolve to pursue prudent debt management practices while implementing sound public financial management policies aimed at safeguarding long-term economic stability.
The Ministry reiterated its commitment to ensuring fiscal discipline and responsible economic management, emphasizing that sustainable debt management remains central to protecting the country’s economic gains and supporting long-term national development.
The successful completion of the SADEREA Notes exchange represents another important step in Ghana’s economic reform programme as the government continues efforts to stabilize the economy, improve fiscal resilience and create a more favourable environment for investment and sustainable growth.
Source: Newspyramid.com
