The Government of Ghana has reinforced its commitment to fiscal stability with the disbursement of nearly GH¢9.7 billion in coupon payments under the Domestic Debt Exchange Programme (DDEP). This latest settlement brings total payments in 2025 to GH¢19.4 billion.
In a statement, the Ministry of Finance said the timely payout underscored the government’s determination to honour the Memorandum of Understanding signed with bondholders, a step officials believe will help restore investor confidence and strengthen Ghana’s credibility in the financial markets.
As part of reforms outlined in the 2025 Mid-Year Fiscal Policy Review, government has created two dedicated sinking fund accounts—a Cedi Sinking Fund and a US Dollar Sinking Fund—under the Public Financial Management Act, 2016 (Act 921), as amended. These funds are expected to provide liquidity buffers to ensure the smooth redemption of bonds maturing in 2026, 2027, and 2028.
“The establishment of these sinking funds and our consistent payments under the DDEP signal Ghana’s readiness to manage its debt obligations responsibly,” the ministry stated, assuring investors that future settlements would be made fully and on schedule.
Analysts say the latest move is likely to ease concerns among both local and foreign investors, who have been closely monitoring the country’s debt management strategies since the restructuring programme was launched.
