veri blog

After a nearly three-year hiatus from global capital markets, Ghana is preparing a potential return to the Eurobond market—a move seen as both a test of investor confidence and a marker of the country’s progress since its sovereign debt restructuring. With inflation now under 8%, a broadly stable cedi, and evidence of fiscal tightening, the Ministry of Finance has signaled readiness to re-engage external markets under more disciplined terms. The proposed issuance would be Gha

Accra, January 15, 2026  – Ghana’s central bank is moving decisively to reinforce the country’s currency after an unprecedented year of gains. The Bank of Ghana (BoG) has announced plans to inject up to $1 billion  into the foreign exchange market in January 2026 to stabilize the cedi  following its remarkable 40.7% appreciation  against the US dollar in 2025. The intervention – the largest in recent memory – aims to dampen volatility  and sustain the cedi’s historic gains  a

Three years ago, Ghana was the cautionary tale of African finance. After years of heavy borrowing and external shocks, the country defaulted on its international debt in 2022 and scrambled into a $3 billion IMF programme in 2023. Eurobond coupons went unpaid, inflation blew out, the cedi plunged and confidence evaporated. Fast-forward to late 2025 and the headlines look very different. Ghana has: Completed the restructuring of its Eurobonds (around $13 billion) in October 202