Ghana targets GH₵30bn sinking fund as it repays Eurobond early

The Ghanaian government aims to accumulate a GH₵30 billion sinking fund by the end of 2026 to meet repayment obligations under the Domestic Debt Exchange Programme (DDEP). Finance Minister Cassiel Ato Forson reported that the fund already held GH₵15.6 billion as of 22 July 2026, putting the country on track to cover the GH₵111 billion of debt maturing in 2027‑28.

On 2 July 2026, Ghana’s Ministry of Finance settled a US$700 million Eurobond ahead of schedule, part of a total US$2.1 billion paid to Eurobond holders since January 2025, without straining foreign‑exchange reserves. The early repayment signals a turnaround after the country’s 2022 default. Parliament simultaneously approved contentious revenue measures, including a 0.75 % fee on mobile‑money transfers, and the cabinet endorsed a reserve‑accumulation programme targeting 15 months of import cover by the end of 2028.