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Government settles US$700 million Eurobond debt ahead of schedule

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The Government of Ghana has fully paid a US$700 million Eurobond debt ahead of schedule, a move the Ministry of Finance believes will strengthen investor confidence and support the country’s economic stability.

In a press release issued on Monday, July 6, the Ministry disclosed that the payment was completed on Thursday, July 2.

According to the Ministry, the amount comprised US$525.2 million in principal repayments and US$174.8 million in interest payments.

It explained that the latest settlement brings the total amount paid to Eurobond holders since January 2025 to US$2.1 billion under the Eurobond Debt Exchange Programme.

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The Ministry noted that the payment was made through the government’s planned financing arrangements and did not place unnecessary pressure on Ghana’s foreign exchange reserves.

It stated that settling the obligation reduces the country’s outstanding Eurobond debt, strengthens investor confidence, and reflects the government’s commitment to prudent debt management and maintaining macroeconomic stability.

The Ministry assured the public that it would continue to implement sound public financial management practices to ensure Ghana meets its debt obligations on time.

It expressed appreciation to Ghanaians for their patience, support, and confidence as the government continues efforts to manage the country’s public debt and maintain economic stability.

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By: Jacob Aggrey

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Otumfuo Osei Tutu II names Nana Ama Bonsu as 15th Asantehemaa

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The Asantehene, His Majesty Otumfuo Osei Tutu II, has selected Nana Ama Bonsu as the 15th Asantehemaa.

The announcement was made at the Manhyia Palace today, following traditional consultations and customary processes within the royal household.

Nana Ama Bonsu who was outdoored today, succeeds the late Nana Ama Konadu Yiadom III, the 14th Asantehemaa, enstooled as the 14th Asantehemaa on February 6, 2017 and passed away on August 7, 2025.

The late Asantehemaa reigned for 8 years and was widely respected for her role in promoting the welfare of women, children, and cultural values in Asanteman.

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As Asantehemaa, Nana Ama Bonsu will serve as the Queen Mother of the Asante Kingdom. Her role is central to chieftaincy affairs, the nomination of chiefs, and the preservation of Asante customs and traditions. She will also be a key figure in advising the Asantehene on matters affecting women and the development of the kingdom.

The new Asantehemaa comes to the position with a deep understanding of Asante tradition and community leadership.

By Edem Mensah-Tsotorme

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President declares two days of general cleaning

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The Government, under the auspices of the Post-Flood Mitigation Committee, has declared Friday, July 10, 2026, and Saturday, July 11, 2026, as National General Cleaning Days in the seven regions affected by the recent floods.

Under the theme “Our Actions, Our Future: Cleaning Ghana after the floods,” this two-day national exercise seeks to mobilise our collective duty to clean our communities, secure our environment and safeguard lives across the country.

According to the statement, this is a critical, nationwide exercise and all citizens are strongly encouraged to fully participate in it.

Against this backdrop, the President has accordingly directed that all government appointees, including Ministers of State, CEOs, Members of Parliament, Metropolitan, Municipal, and District Chief Executives MMDCEs), and Heads of Public Institutions, step out of their offices, pick up tools, and lead the cleanup efforts alongside members of their respective communities.

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To ensure a structured, highly coordinated, and effective exercise, the activities have been scheduled as follows- Friday, July 10, 2026: Personnel from all security agencies, the Metropolitan, Municipal, and District Assemblies (MMDAs), and waste management companies will commence the cleanup.

Additionally, Saturday, July 11, 2026: The general public will join the security agencies and assemblies to scale up the exercise.

During this two-day exercise, efforts will be heavily focused on:
⁃ Desilting choked drains to ensure free, uninterrupted water flow ahead of the heavy rains. ⁃ Sweeping and clearing sand, weeds, and debris from major roads, streets, and highways, ⁃ Cleaning up public spaces, including markets, lorry parks, recreational parks, and communal waste collection points.

This two-day exercise is a critical intervention and a vital wake-up call for the nation. For far too long, indiscriminate littering and plastic pollution have clogged our drainage systems, contributing to devastating, preventable floods that destroy livelihoods and claim precious Ghanaian lives

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All Metropolitan, Municipal and District Assemblies (MMDAs) are directed to collaborate with waste management companies to provide adequate ogistics, including waste trucks, gloves, shovels, and other cleaning tools at designated collection points.

Assemblies have been tasked to ensure that all silt and gathered refuse are evacuated immediately to prevent them from washing back into the drains.

“Let us rise together and show that the Ghanaian spirit of community, discipline, and unity is alive and well. Protect your home, protect your neighbour, and let us clean our beloved homeland,” the statement concluded.

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