The Government of Ghana has paid GH¢10 billion in interest as part of its obligations under the Domestic Debt Exchange Programme (DDEP). This marks the sixth coupon settlement since the start of the programme and is the second time a full cash payment has been made, with no Payment-In-Kind component. According to officials, this demonstrates an improvement in the country’s fiscal capacity and solvency.
The latest settlement covers cedi-denominated DDEP coupon obligations, consistent with the restructuring memorandum and Ghana’s overall debt management and fiscal consolidation strategy. The government stated that this timely payment is intended to send a positive signal to both domestic and international investors, reinforce market confidence, and support Ghana’s credit outlook. It is also expected to enhance stability within the financial sector, including banks and pension funds.
A statement from the Ministry of Finance said: “Government remains fully committed to meeting future DDEP obligations, supported by strong buffers, improving macroeconomic fundamentals, declining inflation, lower interest rates, and a stable Cedi.”