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In a significant move towards economic recovery, Ghana has successfully completed its Eurobond debt exchange, restructuring $13 billion of its external debt.

This achievement follows the completion of the Domestic Debt Exchange Programme (DDEP) and the Memorandum of Understanding (MoU) with the Official Creditors Committee (OCC).

On September 5, 2024, the government initiated the exchange offer and consent solicitation, which marks a critical step in restoring Ghana's debt sustainability and international financial relations.

The Minister of Finance, Dr. Mohammed Amin Adam, outlined the key aspects of the exchange offer during a speech announcing the success of the initiative.

“The Eurobond exchange was designed with fairness in mind, reflecting agreements made with bondholder representatives on June 24, 2024. The process involved two main investor options: the PAR Option, which had no nominal haircut but a lower interest rate of 1.5%, and the DISCO Option, which carried a 37% nominal haircut but offered higher interest rates between 5% and 6%”, he said.

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