Ghana has moved a step closer to completing its external debt restructuring programme following the successful exchange of the outstanding SADEREA Notes, the Ministry of Finance has announced.
In a statement issued on Monday, July 13, the Ministry said the transaction was settled on July 13 with a value date of July 10, describing the development as the final major step in resolving the country's sovereign bonded debt obligations.
The Ministry said the exchange "brings Ghana to the final stage of its external debt restructuring," calling it a significant milestone in the country's broader economic recovery efforts.
Health sector bonds successfully restructured
The SADEREA Notes relate to 12.5 per cent Senior Secured Amortising Bonds that were originally issued to finance capital expenditure in Ghana's health sector.
According to the Ministry, the initial issuance amounted to US$253.2 million, with approximately US$117.8 million in principal still outstanding as of January 2026.
Officials said concluding the exchange demonstrates government's determination to restore debt sustainability while rebuilding confidence among investors and preserving macroeconomic stability.
"The completion of this exchange underscores Government's commitment to restoring debt sustainability, strengthening investor confidence, and maintaining macroeconomic stability," the statement noted.
The Ministry reaffirmed its commitment to prudent debt management and sound public financial management, stressing that these measures remain central to safeguarding Ghana's long-term economic stability as the country continues its recovery programme.
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