The Government of Ghana has disbursed GH¢10 billion to settle interest obligations under the Domestic Debt Exchange Programme (DDEP), marking a significant milestone in the country’s ongoing debt restructuring efforts.
The payment represents the sixth coupon settlement since the programme began and notably becomes the second consecutive instalment made fully in cash, without any Payment-In-Kind (PIK) component. Officials say this development reflects Ghana’s improving fiscal strength and enhanced debt-servicing capacity.
According to a press statement by the Ministry of Finance, the settlement covers cedi-denominated DDEP coupon obligations in line with the restructuring memorandum and the broader debt management and fiscal consolidation strategy.
“This payment marks the sixth coupon settlement under the programme and represents the second full cash payment without any Payment-In-Kind component, reflecting strengthened fiscal capacity and solvency,” the statement indicated.
The timely disbursement is expected to bolster investor confidence both locally and internationally. Analysts suggest it sends a strong signal of the government’s commitment to honouring its restructured debt obligations, which could positively influence Ghana’s credit outlook.
The government further emphasised that the payment will enhance financial sector stability, particularly for banks and pension funds that hold significant portions of the restructured bonds.
Reaffirming its commitment, the statement noted that authorities remain fully prepared to meet future DDEP obligations. This assurance is supported by what it described as “strong buffers, improving macroeconomic fundamentals, declining inflation, lower interest rates, and a stable cedi.”
