Ghana has moved closer to completing its external debt restructuring programme after the successful exchange of the outstanding SADEREA Notes, according to the Ministry of Finance.
In a statement issued on Monday, July 13, 2026, the Ministry said the exchange was settled on July 13, with a value date of July 10, 2026, marking the final stage in the country’s external debt restructuring process.
The Ministry described the development as a major milestone in Ghana’s economic recovery efforts, noting that it resolves the last outstanding component of the country’s sovereign bonded debt restructuring.
The 12.5% Senior Secured Amortising Bonds, known as SADEREA Notes, were issued to finance capital expenditure in Ghana’s health sector.
According to the Ministry, the original issuance amounted to US$253.2 million, with approximately US$117.8 million in principal remaining outstanding as of January 2026.
The successful completion of the exchange, the Ministry said, reflects government’s commitment to restoring debt sustainability, rebuilding investor confidence and maintaining macroeconomic stability.
The Ministry of Finance added that it remains focused on prudent debt management, improved public financial management and policies aimed at safeguarding Ghana’s long-term economic stability.
