The Government of Ghana has disbursed GH¢9.7 billion to bondholders under the Domestic Debt Exchange Programme (DDEP). The Ministry of Finance stated that the payment amounting to GH¢9,698,815,220.17, made on Tuesday, brings the total disbursements under the program this year to GH¢19.4 billion.
Officials emphasise that this payment is not merely a routine transaction; it signifies the government’s commitment to fulfilling its obligations, protecting investor confidence, and restoring credibility to Ghana’s debt management framework. To enhance repayment measures, the government has introduced two new safety mechanisms: a Cedi Sinking Fund and a US Dollar Sinking Fund. These funds are intended to assist with the settlement of bonds maturing in 2026, 2027, and 2028.
“The payment demonstrates our unwavering commitment to meeting our obligations on time,” the Ministry of Finance assured in a statement, adding that all future debts—including those under the DDEP—will be paid in full.
Launched in 2022, the DDEP is a crucial component of Ghana’s economic recovery program. While it has faced public debate and criticism, officials maintain that the latest disbursement highlights the government’s determination to stabilise the economy and sustain debt restructuring efforts.
For bondholders and ordinary Ghanaians alike, today’s announcement may mark a much-needed boost in confidence — and a reminder that despite the turbulence, Ghana’s debt ship is still being steered.
Source: Starrfm.com.gh