Ghana’s government has paid 10 billion cedis ($910 million) in interest under its Domestic Debt Exchange Programme (DDEP), the Finance Ministry announced Wednesday, marking the sixth coupon settlement since debt restructuring began.
The ministry said the payment aims to reassure domestic and international investors, boost market confidence, support the country’s credit outlook, and promote stability across the financial sector.
This latest settlement is the second “full cash” coupon payment, with no payment-in-kind component, signaling improved fiscal capacity and a stronger solvency position, the ministry added.
Ghana, the world’s second-largest cocoa producer, launched the DDEP in late 2022 to restore debt sustainability after a severe fiscal squeeze that affected banks, asset managers, and pension funds.
The payment covers coupon obligations on cedi-denominated instruments exchanged under the DDEP, in line with the programme’s restructuring memorandum and the government’s broader debt-management strategy.
Looking ahead, the ministry said Ghana plans to meet future DDEP obligations, strengthen liquidity buffers, and improve macroeconomic conditions to ease inflation and interest rates.
Officials also confirmed the government intends to return to the domestic debt market this year and has selected bond market specialists to lead the process.
