Government pays GH¢10bn DDEP interest, signals stronger fiscal position
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 was implemented.
In a statement, the Ministry of Finance said the latest payment represents the second consecutive full cash coupon settlement without any Payment-In-Kind (PIK) component, describing it as a sign of improved fiscal strength.
“This payment marks the sixth coupon settlement under the DDEP and the second full cash payment without any Payment-In-Kind component, reflecting strengthened fiscal capacity and improved solvency,” the Ministry stated.
Read the statement below:
The settlement covers cedi-denominated DDEP coupon obligations and was executed in line with the restructuring memorandum and the government’s broader debt management and fiscal consolidation strategy.
According to the Ministry, the timely servicing of the obligation demonstrates government’s commitment to honouring the terms of the domestic debt restructuring programme.
“The settlement of these obligations in full cash underscores Government’s resolve to meet all DDEP commitments as agreed and to restore confidence in Ghana’s public finances,” the statement said.
The Ministry further noted that the payment sends a strong positive signal to domestic and international investors and is expected to reinforce market confidence.
“This timely payment sends a strong signal to the market, supports Ghana’s credit outlook and enhances stability within the financial sector, including banks and pension funds,” it added.
Government reiterated its commitment to meeting future obligations under the programme, citing improving macroeconomic indicators.
“Government remains fully committed to meeting future DDEP obligations, supported by strong fiscal buffers, improving macroeconomic fundamentals, declining inflation, lower interest rates and a stable cedi,” the Ministry emphasised.
The Domestic Debt Exchange Programme was introduced as part of Ghana’s broader debt restructuring efforts aimed at restoring macroeconomic stability and placing the country’s debt on a sustainable path.
