Ghana exits IMF chapter and rules out Eurobond issuance for 2026
On 17 May 2026 Ghana announced it is exiting its IMF Extended Credit Facility and moving to a non-financing Policy Coordination Instrument, and the government has formally ruled out issuing Eurobonds or other international commercial borrowing for the whole of 2026.
The desk brief
On 17 May 2026 Ghana announced it is exiting its IMF Extended Credit Facility and moving to a non-financing Policy Coordination Instrument, and the government has formally ruled out issuing Eurobonds or other international commercial borrowing for the whole of 2026.
By ruling out Eurobond issuance for 2026, Accra shifts near-term financing reliance onto domestic debt markets and concessional financing from development partners. That raises demand for local-currency Treasury bonds, could lengthen external liquidity timelines for outstanding Eurobonds, and places a premium on domestic revenue mobilization and creditor confidence to avoid refinancing stress.
Watch for the Ministry of Finance's next issuance calendar update and domestic bond auctions in Q3–Q4 2026.
Sources & verification
Developing storyFurther independent confirmation is required.
- Ghana Rules Out Eurobonds in 2026 After IMF Exitchale.newsSource published (opens in a new tab)
- Everything You Need to Know About Ghana’s New September 2026 4-Year Treasury Bondtednewsgh.com (opens in a new tab)
Public references supporting this brief.
Price Discovery
Ghana sovereign curve
Latest server-calculated mid yield by maturity. Points are observed Price Discovery levels, not an interpolated valuation curve.
- Ghana 29Jul 202997.0007.438%
- Ghana 30Jan 203088.7507.374%
- Ghana 35Jul 203588.1258.224%
- Ghana 37Jan 203754.6258.460%
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