IMF urges Ghana to rebuild investor confidence before Eurobond return

On 20 October 2026 the IMF Resident Representative in Ghana, Dr Adrian Alter, publicly urged Ghana to prioritise rebuilding investor confidence, consolidating debt-restructuring gains and strengthening domestic financing capacity before attempting a return to international (Eurobond) markets.

The IMF's public advice makes a near-term sovereign Eurobond issuance less likely while authorities focus on domestic financing and credit-rating improvements. That could postpone any planned external borrowing, keeping Ghana reliant on domestic markets and official financing until investor confidence and ratings visibly improve. Market pricing and issuance timing will depend on subsequent IMF reviews and any formal change in Ghana's financing plan.

Outcome of the IMF PCI review and any official government statement on plans to return to international capital markets.