Government Nears Completion of External Debt Restructuring with SADEREA Notes Exchange
The Government of Ghana has completed the exchange of the outstanding SADEREA Notes, marking the final stage of the country’s external debt restructuring programme and a significant step in its ongoing economic recovery efforts.
According to a press statement by the Ministry of Finance, the transaction was settled on July 13, 2026, with a value date of July 10, 2026.
‘The successful exchange resolves the last outstanding component of Ghana’s sovereign bonded debt restructuring, bringing the country’s external debt restructuring process to a conclusion’, it stated.
The Ministry noted that the development represents a major milestone in restoring Ghana’s debt sustainability and reflects the government’s commitment to strengthening investor confidence and maintaining macroeconomic stability.
According to the statement, the SADEREA 12.5 per cent Senior Secured Amortising Bonds were originally issued to finance capital expenditure in Ghana’s health sector.
It added that out of the initial issuance of US$253.2 million, about US$117.8 million in principal remained outstanding as of January 2026 before the completion of the exchange.
The Ministry of Finance said the successful conclusion of the transaction demonstrates the government’s role in resolving debt management strategies while ensuring sound public financial management.
It reaffirmed its commitment to pursuing policies aimed at safeguarding long-term macroeconomic stability and supporting sustainable economic growth.
Deborah Narkie Nartey, ISD
