The Government of Ghana has paid GH₵10 billion in interest obligations under the Domestic Debt Exchange Programme (DDEP), marking a significant milestone in the country’s ongoing debt restructuring efforts.
The payment represents the sixth coupon settlement under the DDEP and the second consecutive full cash payment without any Payment-In-Kind (PIK) component.
The development reflects what officials describe as improved fiscal capacity and strengthening solvency.
The settlement covers Cedi-denominated coupon obligations in accordance with the restructuring memorandum and forms part of the government’s broader debt management and fiscal consolidation strategy.
The Ministry of Finance say the timely servicing of the debt sends a strong positive signal to both domestic and international investors, reinforcing market confidence in Ghana’s recovery trajectory.
The payment is also expected to bolster Ghana’s credit outlook and enhance stability within the financial sector, particularly among banks and pension funds that hold significant portions of the restructured domestic bonds.
The Government has reaffirmed its commitment to meeting all future DDEP obligations, citing strong fiscal buffers, improving macroeconomic fundamentals, declining inflation, lower interest rates, and a stable Cedi as key pillars underpinning its ability to sustain the payments.
The Domestic Debt Exchange Programme was introduced as part of Ghana’s broader economic recovery plan aimed at restoring debt sustainability and stabilising the economy.