Ghana has successfully returned to the international capital market after completing a $13 billion Eurobond debt restructuring, according to the country’s Finance Minister, Dr. Mohammed Amin Adam.
In a press briefing in Accra, Dr. Adam emphasized the significance of this development, stating, “We are back to the capital market. With this conclusion, our Eurobonds are going to start trading the very dam.
Ghana, was cut off from the international market due to financial challenges in the wake of the COVID-19 pandemic and the Russia-Ukraine conflict.
The restructuring of the Eurobond debt follows strong participation from investors in Ghana’s Debt Exchange Programme.
This development is seen as a positive signal, particularly as Ghana undergoes its third review with the International Monetary Fund (IMF).
The successful completion of the restructuring could not only boost investor confidence but also help accelerate Ghana’s goal of achieving sustainable debt levels by 2028.
Dr. Adam, however, noted that while the country is back in the market, decisions on further borrowing would be carefully considered before any announcements are made.
