The Ministry of Finance has announced another major milestone in Ghana’s Domestic Debt Exchange Programme (DDEP), confirming the successful payment of GH¢9,698,815,220.17 in coupons.
According to a statement issued on Tuesday, August 19, 2025, this latest disbursement brings the total DDEP obligations paid in 2025 to GH¢19.4 billion.
Government Reaffirms Commitment to Debt Obligations
In its press release, the Ministry stated it is “pleased to announce another successful coupon payment under the Domestic Debt Exchange Programme (DDEP).”
The Ministry further emphasized that this payment demonstrates the government’s unwavering commitment to honouring the terms outlined in the Memorandum of Understanding (MoU) signed under the exchange programme.
Officials noted that the move is expected to strengthen investor confidence and enhance Ghana’s fiscal credibility, which remain central to the country’s ongoing economic recovery and reforms.
Strengthening Investor Confidence and Fiscal Stability
The Ministry of Finance highlighted that timely coupon payments under the DDEP are vital for maintaining trust with investors. The statement stressed that this disbursement is “expected to strengthen investor confidence and support fiscal credibility.”
To guarantee smooth redemption of future debt obligations, the government has established two dedicated sinking fund accounts, in compliance with the Public Financial Management Act, 2016 (Act 921), as amended.
These include:
- Cedi Sinking Fund Account
- US Dollar Sinking Fund Account
The sinking funds serve as liquidity buffers to support the repayment of upcoming bond maturities in 2026, 2027, and 2028.
Government Assures Timely Future Payments
Concluding its statement, the Ministry of Finance reassured both investors and the general public that all subsequent debt obligations, including those under the Domestic Debt Exchange Programme, will be “honoured fully and on time.”
This assurance is expected to maintain stability in the domestic debt market while reinforcing Ghana’s commitment to sustainable debt management.
