The Government of Ghana has paid GH¢10 billion in interest obligations under the Domestic Debt Exchange Programme (DDEP), marking a major milestone in efforts to restore fiscal stability and bolster investor confidence.
The latest payment represents the sixth coupon settlement since the programme’s introduction and the second consecutive full cash payment without any Payment-In-Kind component.
Officials say the development reflects improved liquidity and enhanced fiscal capacity, enabling the government to meet its domestic debt obligations.
The payment covers coupon obligations on cedi-denominated bonds issued under the DDEP framework, in line with the debt restructuring agreement and the government’s broader strategy for sustainable debt management and fiscal consolidation.
The timely settlement is expected to send a strong positive signal to both domestic and international investors, reinforcing confidence in Ghana’s economic recovery efforts.
It is also likely to support the country’s credit outlook and contribute to stability in the financial sector, particularly among banks, pension funds, and institutional investors affected by the debt restructuring exercise.
Introduced as part of Ghana’s economic recovery programme, the DDEP was designed to restructure domestic debt and reduce the country’s debt burden following severe fiscal pressures.
While the programme initially involved mixed payments, including Payment-In-Kind instruments, recent full cash settlements reflect improving macroeconomic conditions.
The government has reaffirmed its commitment to honouring all future DDEP obligations, citing positive economic indicators such as declining inflation, easing interest rates, strengthening fiscal buffers, and relative stability of the cedi.
The continued fulfilment of these obligations is seen as critical to restoring long-term financial stability and rebuilding trust in Ghana’s domestic debt market.
