Government Pays GH¢9.7bn Domestic Debt Coupon, Reaffirms Commitment to Debt Obligations

The Ministry of Finance has announced the successful disbursement of GH¢9.7 billion in coupon payments under the Domestic Debt Exchange Programme (DDEP). The payment, made on August 19, 2025, brings the total amount settled under the programme this year to GH¢19.4 billion.

According to the Ministry, this action underscores government’s unwavering commitment to honouring the terms of the Memorandum of Understanding guiding the DDEP. The Minister, Hon. Dr. Cassiel Ato Forson noted that the payment is expected to boost investor confidence, safeguard fiscal credibility, and reinforce public trust in Ghana’s debt management framework.

As part of measures to strengthen debt sustainability, the government has also established two dedicated sinking fund accounts which are a Cedi Sinking Fund and a US Dollar Sinking Fund, in line with the Public Financial Management Act, 2016 (Act 921), as amended. These funds are designed to serve as liquidity buffers to ensure the timely redemption of upcoming loan obligations, including bonds maturing in 2026, 2027, and 2028.

“The government assures investors and the public that subsequent debt obligations, including those under the DDEP, will be honoured fully and on time,” the Ministry emphasized in its statement.

Launched in 2022 as part of Ghana’s economic recovery strategy, the DDEP has been the subject of intense public debate. However, with this latest payout, analysts note that government has demonstrated its determination to meet its commitments and restore confidence in the economy.

For bondholders, the latest payment represents not only financial relief but also a signal of stability in Ghana’s ongoing efforts to navigate its debt challenges. Watch out for many other good governance policy implementations coming up soon as the John Mahama-led government continues the Resetting Agenda for God and Country.