Ghana is back on the global capital market, according to Finance Minister Dr. Mohammed Amin Adam, after the $13 billion Eurobond debt restructuring was successfully completed.
Speaking to the Accra media, Dr. Adam characterized the move as a favorable shift that will strengthen Ghana’s financial standing abroad.

“The capital market is back on the agenda. Our Eurobonds will begin trading the day we depart with this conclusion, he stated.
He declared that prior to taking out a loan from the capital market, the administration is taking other considerations into account.
He emphasized, “We haven’t decided on that yet, but we will let everyone know when we plan to take on more debt in due course.”
Ghana has finished restructuring its Eurobond debt.

Investor engagement in the Eurobond Debt Exchange Program was noteworthy for Ghana.
The improvement might assist Ghana in passing the third review being conducted by the current mission of the International Monetary Fund (IMF) in the nation.
Additionally, it might hasten Ghana’s debt reduction process so that by 2028, its debt will be at manageable levels.
Context
Ghana encountered many difficulties in 2022 as a result of the Russia-Ukraine conflict and the Covid-19 pandemic.
Due to these circumstances, the country had a significant fiscal imbalance and unmanageable debt levels, which in turn damaged the country’s reputation with foreign investors.
Ghana thus discovered that it was unable to access global financial markets.