The Government of Ghana has disbursed GHS 10 billion to settle interest payments under the Domestic Debt Exchange Programme (DDEP), marking the sixth coupon payment since the programme was introduced.
Significantly, the latest settlement is the second consecutive payment made fully in cash, without any Payment-In-Kind (PIK) component a development officials say reflects the country’s improving fiscal strength and renewed capacity to service its debt obligations.
The payment covers coupon obligations on cedi-denominated bonds issued under the DDEP, in line with the terms outlined in the restructuring memorandum and the government’s broader debt management and fiscal consolidation strategy.
According to government sources, the timely disbursement is expected to boost investor confidence both locally and internationally. It also sends a reassuring signal to financial institutions, particularly banks and pension funds, many of which hold substantial portions of the restructured bonds.
Authorities have reiterated their commitment to honouring future DDEP obligations, citing strengthened fiscal buffers and steady improvements in key macroeconomic indicators. These include easing inflation, declining interest rates, and a relatively stable cedi.
The development is being viewed as another step toward restoring market confidence and stabilising Ghana’s financial sector as the country continues its economic recovery efforts.
