The government has paid more than GH¢10.8 billion to bondholders under the Domestic Debt Exchange Programme (DDEP), as it intensifies efforts to restore confidence in Ghana’s debt market and demonstrate its commitment to servicing restructured obligations.
The latest payment, amounting to GH¢10,816,840,318.26, was made on schedule and brings the total amount paid to DDEP bondholders since 2025 to approximately GH¢41.36 billion, according to the Ministry of Finance.
The Ministry described the latest transaction as the third DDEP coupon payment made entirely in cash, with the full obligation settled as scheduled.
The payment comes against the backdrop of government’s broader strategy to rebuild credibility in the domestic and international financial markets following Ghana’s debt crisis.
Finance Minister Dr Cassiel Ato Forson had assured Parliament during the 2026 Mid-Year Budget Review that the August 18 coupon payment would be honoured in full, reaffirming government’s commitment to the terms of the domestic debt restructuring programme.
The latest payment also follows the government’s first DDEP coupon payment of GH¢10.1 billion, which was made on February 17, 2026.
The Ministry of Finance said the consistent servicing of the restructured debt is expected to strengthen investor confidence, lower Ghana’s sovereign default risk and reinforce the country’s financial credibility.
The DDEP was introduced as a key component of Ghana’s debt restructuring efforts after the country faced severe fiscal and debt sustainability challenges. It involved the restructuring of domestic bonds held by banks, pension funds, insurance companies, individual investors and other creditors.
Beyond the domestic debt market, government has also been making payments towards its external debt obligations.
Dr Forson disclosed during the Mid-Year Budget Review that Ghana had paid US$2.1 billion in principal and interest to Eurobond holders since January 2025, while managing the payments without placing undue pressure on the country’s foreign exchange reserves.
The Finance Minister has argued that the sustained repayment of Ghana’s debt obligations will be more important in rebuilding investor confidence than assurances alone.
With the latest DDEP payment, government is seeking to reinforce its message that the restructuring of Ghana’s debt is being followed by regular servicing of the obligations agreed with creditors.
The Ministry of Finance has consequently assured bondholders, investors and the general public that future DDEP obligations will continue to be paid in full and on schedule.
