Ghana plans GH¢30 billion sinking fund for February 2027 domestic debt obligations
Ghana reported approximately GH¢15.6 billion in its sinking fund and aims to reach GH¢30 billion by end-2026 to cover February 2027 domestic debt-exchange obligations.
MSA market desk
Desk brief
Ghana’s finance minister said on July 23 that the government was on course to accumulate GH¢30 billion in a sinking fund by the end of 2026 to meet GH¢30 billion of Domestic Debt Exchange Programme obligations maturing in February 2027. The fund held approximately GH¢15. 6 billion as of July 22. Under the medium-term debt strategy, contributions will come from 7% of non-oil tax revenue and domestic bond issuance proceeds.
The planned prefunding creates a visible buffer ahead of post-restructuring maturities and could reduce near-term rollover and refinancing concerns if the target is achieved. Markets will therefore focus on domestic revenue performance, continued access to the local bond market and the system’s capacity to absorb issuance. Failure to build the fund as planned could renew pressure on Ghana’s domestic debt profile and financing conditions.
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 202997.8045.870%
- Ghana 30Jan 203088.4093.814%
- Ghana 35Jul 203590.8806.373%
- Ghana 37Jan 203756.7527.662%
Indicative levels only. Full bid/ask context and trading actions remain inside MSA Trader.
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