The government has reached the final stage of its external debt restructuring after successfully completing the exchange of the outstanding Senior Secured Amortising Debt Exchange Restructured Enhanced Arrangement (SADEREA) Notes.
In a statement issued on Monday, July 13, 2026, the Ministry of Finance announced that the exchange was settled on July 13 with a value date of July 10.
According to the Ministry, the move marks a major milestone in the country’s economic recovery and resolves the last outstanding component of its sovereign bonded debt restructuring.
The 12.5% Senior Secured Amortising Bonds were originally issued by Saderea Limited to finance capital expenditure in Ghana’s health sector. Of the original US$253.2 million issuance, approximately US$117.8 million in principal remained outstanding as at January 2026.
The Ministry stated that the completion of this exchange underscores government’s commitment to restoring debt sustainability, strengthening investor confidence, and maintaining macroeconomic stability.
It further reaffirmed its commitment to prudent debt management, sound public financial management, and the implementation of policies that safeguard long-term macroeconomic stability.
