Ghana has reached a decisive milestone in its economic recovery as the Ministry of Finance announced the successful exchange of the country’s outstanding SADEREA Notes, marking the near completion of its external debt restructuring programme.
The settlement, finalized on July 13 with a value date of July 10, resolves the last outstanding component of Ghana’s sovereign bonded debt restructuring. Officials described the transaction as a critical step toward restoring debt sustainability and reinforcing investor confidence in the economy.
The SADEREA Notes, originally issued at US$253.2 million to finance capital expenditure in the health sector, carried a 12.5 percent Senior Secured Amortising Bond structure. As of January 2026, approximately US$117.8 million in principal remained outstanding. The successful exchange now clears this balance, easing pressure on the country’s fiscal outlook.
“The completion of this exchange underscores government’s commitment to prudent debt management, sound public financial administration, and policies that safeguard long‑term macroeconomic stability,” the Ministry stated.
The announcement comes as Ghana continues to implement reforms aimed at stabilizing its economy, strengthening public finances, and positioning the country for sustainable growth.
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