In a statement on Wednesday, February 18, 2026, the Ministry of Finance said the payment was designed to “reassure both domestic and international investors, strengthen market confidence and support the country’s credit outlook,” while promoting financial sector stability.
For investors in the US, UK, Canada, and China, the signal is clear: Accra is keen to demonstrate that its recovery is taking hold and that its domestic debt overhaul is on track.
Ghana, the world’s second-largest cocoa producer, launched the Domestic Debt Exchange Programme in late 2022 as part of sweeping efforts to restore debt sustainability after a severe fiscal squeeze. The crisis triggered a broad debt restructuring that put pressure on banks, asset managers, and pension funds that were heavily exposed to government securities.
According to the ministry, the latest payment covers coupon obligations on cedi-denominated instruments exchanged under the programme and aligns with the government’s broader debt management and fiscal consolidation strategy.
The government also plans to return to the domestic bond market this year, having appointed specialists to lead the process, in a further test of renewed investor appetite.