The Ministry of Finance has announced the successful exchange of Ghana’s outstanding SADEREA Notes, marking a major milestone in the country’s external debt restructuring programme.
According to a press release issued on July 13, 2026, the exchange was successfully settled on July 13, with a value date of July 10, 2026.
The Ministry said the transaction brings Ghana to the final stage of its external debt restructuring process and resolves the last outstanding component of its sovereign bond restructuring.
The SADEREA Notes, officially known as 12.5% Senior Secured Amortising Bonds, were originally issued to finance capital expenditure in Ghana’s health sector. Of the original US$253.2 million issued, approximately US$117.8 million in principal remained outstanding as of January 2026.
According to the Ministry, the successful exchange is expected to restore debt sustainability, strengthen investor confidence and support Ghana’s broader macroeconomic recovery efforts.
The Ministry further reaffirmed the government’s commitment to prudent debt management, sound public financial management and the implementation of policies aimed at safeguarding the country’s long-term macroeconomic stability.
Officials described the completion of the exchange as a significant step in Ghana’s ongoing efforts to restore economic resilience and create a more sustainable fiscal outlook.