The government has said it will not return to the international bond market anytime soon and will instead rely more on borrowing from Ghana’s local market.

Speaking at the Fidelity Bank Debt Capital Markets Conference 2026, Technical Advisor at the Ministry of Finance, Dr Theo Acheampong announced that government has no immediate plans to issue Eurobonds because there is enough money available in the domestic market.

“My minister has also indicated very clearly the Eurobond market for the next few years is out of the equation. He said that we are not in a hurry to go to the international capital market,” he stated.

Ghana's economy grows by 6% in 2025, fastest in seven years – World Bank

Eurobond is a way for a government to borrow money from investors outside the country, usually in a foreign currency such as US dollars.

Dr Acheampong said government plans to issue more local bonds and improve investor confidence through responsible management of the economy.

He mentioned that the government is also looking at infrastructure bonds to raise long-term funding, especially from pension funds, to support infrastructure and other productive sectors.

The Technical Advisor noted that this approach would allow pension funds to invest more of their resources in areas that can help stimulate economic growth.

Meanwhile, Bank of Ghana Governor Dr Johnson Asiama described the reopening of the domestic bond market as the biggest development for Ghana’s financial sector this year.

“The most significant development this year is the reopening of the domestic bond market,” he said.

Private sector entry does not mean ECG is failing - Energy Ministry

Dr Asiama stated that government returned to the bond market after a three-year restriction under the debt exchange programme.

He said government’s seven-year cedi bond, which was settled in April, marked an important step in restoring Ghana’s access to the domestic market after the debt restructuring.

DR/SA

Ghana will not borrow simply because financing is available – Dr Ato Forson