The Government of Ghana has paid GH¢10 billion in interest to bondholders under the Domestic Debt Exchange Programme (DDEP), marking a significant step in its ongoing efforts to stabilise the economy and manage public debt.
The latest disbursement represents the sixth coupon payment under the programme and notably, the second time the obligation has been settled entirely in cash, without relying on Payment-In-Kind arrangements. This payment covers interest due on cedi-denominated bonds as outlined in the debt restructuring agreement and forms part of the government’s broader fiscal recovery strategy.
Authorities say the successful settlement reflects improving financial strength and the country’s ability to meet its commitments. According to officials, the timely payment sends a positive signal to investors, strengthens confidence in Ghana’s economic direction, and enhances the country’s credit outlook.
Economic analysts also believe the move will help maintain stability within the financial sector, particularly for banks and pension funds that hold a substantial portion of domestic bonds. The government has reiterated its resolve to continue honouring future DDEP payments, citing gains such as easing inflation, lower interest rates, and relative stability of the cedi as indicators of improving macroeconomic conditions.
By meeting its debt obligations fully in cash, the government aims to reassure stakeholders of its fiscal discipline and capacity to sustain economic recovery. Officials are optimistic that this development will improve investor sentiment, attract fresh investment, and strengthen the country’s financial resilience in the long term.