President Nana Addo Dankwa Akufo-Addo has announced that the government will honor coupon payments totaling $346 million to Eurobond holders, effective January 3, 2025.
Speaking during his final State of the Nation Address, the President highlighted the government’s unwavering commitment to fulfilling its financial obligations and maintaining the country’s credibility in international markets.
“I am happy to inform the House that today, 3rd January 2025, my government will honor coupon payments to our Eurobond holders amounting to $346 million. We cannot afford to default on our debt repayments,” President Akufo-Addo stated.
This development follows Ghana’s agreement with Eurobond holders in June 2024 as part of its debt restructuring program aimed at stabilizing the economy and fostering recovery.
The agreement was expected to offer significant cash flow and debt stock relief to help Ghana’s economic recovery in line with the International Monetary Fund-financed programme.
The Committee, representing the bondholders, reaffirmed its support for Ghana’s dedication to sustainable economic policies, intended to strengthen macroeconomic stability, enhance investor confidence, and institutionalize fiscal credibility.
