Ghana faces US$6.4bn Eurobond maturities between 2027 and 2030 — World Bank
Ghana is expected to face about US$6.4 billion in sovereign bond principal maturities between 2027 and 2030, placing the country's Eurobond repayment obligations among the largest projected in Africa over the period, the World Bank has said.
The figure puts Ghana on the same level as Nigeria, which also has US$6.4 billion in maturities, while South Africa is expected to face the largest obligation at US$11.8 billion.
The World Bank disclosed the figures in its October 2026 Africa Economic Update, which highlighted rising refinancing pressures facing several Sub-Saharan African countries as substantial bond maturities approach.
For Ghana, the maturity profile reflects borrowing undertaken before the country's debt restructuring as well as instruments issued following the subsequent debt exchange.
Ghana completed its Eurobond debt exchange in October 2024, converting defaulted bonds into restructured instruments as part of measures to restore debt sustainability and ease immediate refinancing pressures.
Although the restructuring has reduced near-term repayment challenges, the World Bank said significant bond maturities across the region would continue to put pressure on countries' financing needs in the coming years.
Investor confidence improves
Despite the size of Ghana's future repayment obligations, investor sentiment towards the country has improved considerably following the debt restructuring, fiscal adjustment measures and progress made under the recently completed International Monetary Fund-supported programme.
The World Bank said Ghana's sovereign spreads, which measure perceived borrowing risk, had declined sharply from about 2,828 basis points in 2023 to 239 basis points by August 2026.
The decline followed the completion of the debt restructuring and Ghana's reclassification to moderate risk of debt distress.
The improvement indicates stronger investor confidence and a reduction in the risk premium associated with Ghanaian sovereign debt.
Focus shifts to debt management
With the immediate debt crisis pressures eased, Ghana's attention is expected to increasingly turn towards managing its future repayment obligations while maintaining fiscal discipline.
The scale of the maturities between 2027 and 2030 means debt managers will need to carefully manage refinancing requirements and preserve the gains achieved through the restructuring programme.
The World Bank's assessment suggests that the challenge for Ghana is no longer only resolving its debt crisis but also maintaining market confidence and ensuring that future debt obligations can be met without placing renewed pressure on public finances.