$525m Principal, $175m Interest: Inside Ghana's latest Eurobond payment

Economist and Technical Adviser at the Ministry of Finance, Dr Theo Acheampong, has provided a detailed breakdown of Ghana’s recent US$700 million payment to Eurobond holders.

In a post shared on X on July 6, 2026, Dr Acheampong said the payment was made ahead of schedule on July 2 as part of the country’s ongoing debt restructuring programme following recent economic challenges.

According to him, US$525 million of the payment went towards repaying the principal owed to foreign investors, while the remaining US$175 million covered interest payments.

Government settles US$700 million Eurobond obligation - Finance Ministry

Dr Acheampong noted that Ghana has now paid a total of US$2.1 billion to Eurobond holders since January 2025 under the restructuring arrangement.

He explained that the latest payment was made using funds that had already been budgeted for debt servicing, meaning it did not place significant pressure on the country’s foreign exchange reserves.

According to Dr Acheampong, the early repayment reflects disciplined debt management and is expected to support ongoing efforts to restore investor confidence in Ghana’s economic recovery programme.

The Eurobond payments form part of Ghana’s broader strategy to stabilise its public finances following a period of economic strain that led to restructuring negotiations with external creditors.

Additionally, such payments are closely watched by investors as indicators of fiscal discipline and repayment capacity.

Ghana just paid US$700 million it owed on Eurobonds (dollar loans from foreign investors) — and paid it early on July 2.

Breakdown of the payment: $525 million → repaying the original loan $175 million → interest

This is part of the debt restructuring deal after Ghana’s… https://t.co/MtgoFzIrbv

— Theo Acheampong, PhD (@mytheoz) July 6, 2026