The Government of Ghana has released a massive GH¢9.7 billion in coupon payments under the Domestic Debt Exchange Programme (DDEP), reinforcing its commitment to honouring debt obligations.
In a statement on Tuesday, the Finance Ministry confirmed that GH¢9,698,815,220.17 had been disbursed, pushing total payouts under the programme this year to an impressive GH¢19.4 billion.
Officials said the payment is more than a routine exercise, describing it as a strong message to both investors and the public that government is determined to restore trust and credibility in Ghana’s debt management efforts.
New Financial Buffers Introduced
To further strengthen investor confidence, government has introduced two new safety nets. a Cedi Sinking Fund and a US Dollar Sinking Fund , which will serve as cushions to repay bonds maturing in 2026, 2027, and 2028.
“This payment shows our unwavering commitment to meeting our obligations on time,” the Finance Ministry assured, stressing that all future debts, including those under the DDEP, will be paid in full.
Background
The DDEP, rolled out in 2022 as part of Ghana’s economic recovery programme, has faced controversy and skepticism from some quarters. But this latest move, analysts say, is a clear sign that government is ready to back its promises with action.
For bondholders and the wider Ghanaian public, the announcement may provide a welcome boost of confidence. a reminder that despite the turbulence, the country’s debt ship is still being steered.
