Ghana rules out Eurobond issuance from 2027 through 2030, fiscal strategy says

On 6 November 2026 Ghana’s 2027 Fiscal Strategy Document states the government will not issue sovereign Eurobonds from 2027 to 2030, instead prioritising domestic financing, project loan disbursements from development partners, and liability-management measures to reduce refinancing and external debt risks.

By pausing access to international capital markets through 2030, Ghana increases reliance on domestic bond issuance and concessional/project finance; this can pressure local debt markets and banking-sector balance sheets if domestic supply and demand are mismatched. The move reduces near-term external refinancing risk but leaves issuance timing, size and impact on domestic yields contingent on the government’s domestic borrowing plans and partner disbursements.

Publication of the full 2027 Fiscal Strategy Document and the government’s medium-term financing calendar.