Ministry of Finance announced a significant milestone in Ghana’s ongoing Domestic Debt Exchange Programme (DDEP), confirming the successful payment of GH¢9.7 billion in coupon payments.
This latest disbursement brings the total payout under the programme this year to an impressive GH¢19.4 billion.
The Ministry emphasized that the timely payments reflect the government’s dedication to honoring the terms outlined in the Memorandum of Understanding governing the DDEP. This move, officials say, is designed to reinforce investor confidence and strengthen Ghana’s fiscal credibility at a pivotal moment for the nation’s economy.
In a further demonstration of fiscal prudence, the government has established two new sinking fund accounts—one denominated in Ghana cedis and the other in US dollars. Created by the 2025 Mid-Year Fiscal Policy Review and the Public Financial Management Act, 2016 (Act 921), these accounts are set to act as liquidity buffers, ensuring the smooth and timely redemption of bonds maturing over the next three years.
The Ministry reassured investors and the public that all future debt obligations, including upcoming DDEP coupon payments, will be met fully and punctually. “The government assures investors and the public of its unwavering commitment to fiscal discipline and debt sustainability,” the Ministry stated.
With these measures firmly in place, the government aims to maintain trust in Ghana’s financial system and chart a path toward long-term economic stability.
Source: Apexnewsgh.com
