Ghana pays $700m Eurobond early as Nigeria prepares new Eurobond sale
Ghana’s Ministry of Finance announced that on Thursday, July 2, 2026, it settled a $700 million Eurobond obligation ahead of schedule, paying $525.2 million in principal and $174.8 million in interest. This brings Ghana’s total Eurobond payments since January 2025 to $2.1 billion, reducing its external debt burden and reinforcing investor confidence in its debt management.
For Nigerians, the news matters because Nigeria is preparing to return to the Eurobond market. The Federal Government, through the Debt Management Office, has invited banks and law firms to submit Expressions of Interest by July 13, 2026, to act as transaction advisers for a planned Eurobond issuance. The proceeds would support budget financing, refinance existing obligations, and diversify external funding sources. Nigeria has already accessed about $1.5 billion from a $5 billion Total Return Swap with First Abu Dhabi Bank PJSC.
Ghana’s early repayment signals strengthening regional investor confidence, which could lead to more favourable terms for Nigeria’s upcoming bond sale. Investors and businesses should monitor the DMO’s advisory selection process and the eventual bond terms, as they may affect borrowing costs, foreign exchange demand, and opportunities for fixed‑income investment in the region.