The Government of Ghana has paid GH¢10 billion in interest obligations under the Domestic Debt Exchange Programme (DDEP), marking the sixth coupon settlement since the restructuring exercise began.
The payment, which covers cedi-denominated bonds under the DDEP, represents the second consecutive full cash coupon settlement without any Payment-In-Kind (PIK) component. Officials say the development reflects strengthened fiscal capacity and improved solvency.
According to government sources, the settlement was executed in line with the DDEP memorandum and forms part of the broader debt management and fiscal consolidation strategy aimed at restoring macroeconomic stability.
The DDEP was introduced in 2022 as part of Ghana’s efforts to restructure its domestic debt and secure support from the International Monetary Fund (IMF) following severe fiscal pressures and rising debt levels.
Government officials say the timely servicing of obligations sends a strong positive signal to both domestic and international investors, reinforcing market confidence in the country’s economic recovery efforts.
The payment is also expected to support Ghana’s credit outlook and enhance stability within the financial sector, particularly among banks, pension funds and other institutional investors that hold restructured bonds.
Authorities maintain that government remains fully committed to meeting future DDEP obligations. They cite improving macroeconomic fundamentals, including declining inflation, lower interest rates and a relatively stable cedi, as well as the buildup of fiscal buffers to support continued debt servicing.
The latest settlement comes amid ongoing efforts by the government to stabilise the economy, rebuild investor trust and return Ghana to a sustainable debt path.
