World Bank says about US$6.6 billion in Eurobond payments will fall due in 2027
Ghana will have to pay US$6.4 billion in Eurobond principal and interest between 2027 and 2030, despite its debt restructuring, according to the World Bank.
The bank’s October 2026 Africa Economic Update places Ghana and Nigeria behind only South Africa among the countries listed. Nigeria also faces US$6.4 billion in payments, while South Africa faces US$11.8 billion.
Eurobonds are loans governments raise from investors on international markets. Governments are required to pay interest and repay the principal under agreed terms.
Ghana completed its Eurobond restructuring in October 2024, replacing bonds it could no longer repay under their original terms with new bonds carrying revised payment arrangements.
The restructuring provided some relief, but it did not eliminate the debt. Ghana still faces substantial payments in the coming years.
The World Bank said many African governments have been taking on new loans to repay Eurobonds as they fall due. While this can provide additional time to meet obligations, the new borrowing may come at a higher cost.
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Kenya, for example, raised US$1.5 billion through a new bond to help settle a US$2 billion bond that matured in 2024. The new borrowing came at a higher interest rate than the original loan.
Across the countries covered by the report, about US$6.6 billion in Eurobond payments will fall due in 2027, with the amount rising to US$7.5 billion in 2029.
Other countries also face significant payment obligations between 2027 and 2030. Angola has US$3.9 billion to pay, followed by Kenya with US$3.2 billion, Côte d’Ivoire with US$2.8 billion and Zambia with US$2.2 billion.
For Ghana, the figures indicate that while the debt restructuring has eased immediate pressure, the country must still prepare to meet substantial Eurobond obligations over the next several years.
DR/MA
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