Accra: The government of Ghana successfully settled US$709 million in Eurobonds ahead of schedule in December 2025, generating excitement within the business community. In the same year, the government paid a total of US$1.4 billion to Eurobond holders. This move was part of an effort to enhance reforms in domestic revenue mobilisation, public financial management, and public debt management.
According to Ghana Web, the International Monetary Fund (IMF) has voiced concerns about the excitement around Ghana's Eurobond issuance, stressing the necessity of establishing a sound debt management framework. Abebe Aemro Selassie, Director of the IMF's African Department, praised Ghana's efforts to manage domestic financing amid global economic challenges during an interview on Channel One TV. He pointed out the significant differences between domestic and external borrowing, stating that borrowing in one's own currency is manageable if done prudently, but the hype surrounding Eurobond issuance is excessive.
Selassie highlighted that Ghana has been at high risk of debt distress since 2014. He noted that while certain policies might have contributed to this risk, changes in the external environment have also been significant. He emphasized the IMF's role in conducting a comprehensive assessment of policies and related financing to ensure debt sustainability.