Ghana faces US$6.4bn in Eurobond maturities through 2030 – World Bank
Ghana faces about US$6.4 billion in sovereign bond principal maturities between 2027 and 2030, placing the country among those in Sub-Saharan Africa with the largest Eurobond repayment obligations over the period, according to the World Bank.
The figure is equal to Nigeria’s projected US$6.4 billion in maturities and trails only South Africa, which faces about US$11.8 billion in sovereign bond repayments over the same period.
In its October 2026 Africa Economic Update, the World Bank said Ghana’s repayment profile reflects a combination of borrowing undertaken before the country’s debt restructuring and instruments issued through the subsequent debt exchange.
Ghana completed its Eurobond debt exchange in October 2024, converting defaulted bonds into restructured instruments as part of efforts to restore debt sustainability and ease near-term refinancing pressures.
The World Bank noted that while debt restructuring has helped reduce immediate repayment challenges, countries across Sub-Saharan Africa continue to face mounting refinancing pressures as large bond maturities approach.
For Ghana, however, investor sentiment has improved significantly following the restructuring programme, fiscal adjustment measures and progress under the country’s recently completed International Monetary Fund-supported programme.
The World Bank said Ghana’s sovereign spreads, a measure of the premium investors demand to hold the country’s debt relative to safer assets, fell sharply from about 2,828 basis points in 2023 to 239 basis points by August 2026.
The decline followed the completion of Ghana’s debt restructuring and the country’s reclassification to moderate risk of debt distress, according to the report.
Despite the sizeable Eurobond obligations ahead, the improvement in market conditions suggests that Ghana’s debt management focus is increasingly shifting from crisis management to sustaining fiscal discipline, strengthening investor confidence and ensuring the country can meet its future obligations without renewed pressure on public finances.
Source: Sekunde FM
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