The Ministry of Finance has announced that restrictions on new domestic bond issuance have expired. These restrictions were implemented in 2023 after a debt default and the start of the Domestic Debt Exchange Programme (DDEP). The three-year measure was intended to prevent the government from issuing new bonds during a period of financial instability.
According to the Ministry, current economic conditions are favorable, with low inflation, improved investor confidence, and a strong macroeconomic environment. These factors are supported by a medium-term debt management strategy and financial buffers.
Since 2025, the government has made all coupon payments and met obligations under restructured bonds. This is cited as evidence of credibility, fiscal discipline, and commitment to responsible debt management.
With the end of these restrictions, the government will be able to reduce its reliance on Treasury bills for budget financing and can now issue longer-term domestic bonds.
President John Dramani Mahama’s administration expressed gratitude for public cooperation during what it described as a difficult period. “President John Dramani Mahama’s administration is once again deeply grateful to the Ghanaian people for their forbearance and cooperation during the difficult period,” read an official statement from the Ministry of Finance.