<< Back             Poser >> Ghana nears completion of external debt restructuring Ghana has completed the final stage of its external debt restructuring programme with the successful exchange of outstanding SADEREA Notes, the Ministry of Finance has announced. A statement issued by the Ministry and copied to the Ghana News Agency said the exchange was settled on July 13, 2026, with a value date of July 10, 2026. The Ministry described the development as a major milestone in Ghana’s economic recovery efforts, noting that it resolves the last outstanding component of the country’s sovereign bonded debt restructuring. Ghana’s external debt restructuring has been a central pillar of the recovery programme since 2022, when mounting debt-service obligations, high inflation and depreciating exchange rates triggered severe fiscal pressures. The Government subsequently sought support from the International Monetary Fund (IMF) under a US$3 billion Extended Credit Facility approved in May 2023. As part of efforts to restore debt sustainability and secure IMF support, Ghana undertook a comprehensive restructuring of both domestic and external debt. According to the statement, the SADEREA Notes relate to the 12.5 per cent Senior Secured Amortising Bonds, which were issued to finance capital expenditure in Ghana’s health sector. Of the original issuance of $117.8 million in principal remained outstanding as of January 2026. The Ministry said the successful exchange underscored government’s commitment to restoring debt sustainability, strengthening investor confidence and maintaining macroeconomic stability. “The completion of this exchange brings Ghana to the final stage of its external debt restructuring,” the statement noted. It reaffirmed its commitment to prudent debt management practices, sound public financial management and the implementation of policies aimed at safeguarding long-term macroeconomic stability. Source: GNA Ghana Business News	Ghana nears completion of external debt restructuring Ghana has completed the final stage of its external debt restructuring programme with the successful exchange of outstanding SADEREA Notes, the Ministry of Finance has announced. Nigeria solid minerals exports hit N354bn By Gabriel Ewepu Nigeria’s solid minerals exports have sustained uptrend rising to N354 billion in 2025, up by 2018 percent from N117.29 billion recorded in 2023. The figure for nine months 2024 was N199.6 billion with full year estimated to be over N266 billion. Similarly, revenue generated for the Federation Account climbed to over N70 billion, […] Bank of Ghana revokes the license of Zeepay The Bank of Ghana has revoked the Dedicated Electronic Money Issuer (DEMI)  license of Zeepay Ghana Limited, in pursuant to Section 13 of the Payment Systems and Services Act, 2019 (Act 987). Dangote Cement pushes Africa’s net-zero cement agenda at global summit By Yinka Kolawole Dangote Cement Plc has reaffirmed its commitment to driving low-carbon cement production, with Group Managing Director, Arvind Pathak, urging African producers to accelerate decarbonisation while expanding capacity to meet the continent’s growing infrastructure demand. Pathak made the call after participating in the Global Cement and Concrete Association (GCCA) CEO Strategic Dialogue in Madrid, […] S&P Dow Jones places Nigeria on 2027 Frontier Market Watchlist By Peter Egwuatu  & Yinka Kolawole Nigeria’s capital market has received a significant boost after S&P Dow Jones Indices (S&P DJI) placed the country on its 2027 Country Classification Watchlist for potential reclassification from a Standalone Market to a Frontier Market, citing improvements in the country’s regulatory environment and market integrity. This is even as Bloomberg ranked […] Economy exits contraction but households remain pessimistic — CBN •As PMI rebounds to 50.1pts •Business confidence moderates to 7.2pts •Households shun houses, cars, investments •Food remains top spending priority By Babajide Komolafe Nigeria’s economy exited contraction in June as the Purchasing Managers’ Index, PMI, rebounded to 50.1 points from 49.6 points in May, driven by sustained expansion in the agriculture sector despite continued weakness […]