The Ministry of Finance in Ghana has recently announced the successful completion of a significant coupon payment obligation as part of the government’s Domestic Debt Exchange Programme (DDEP). A total amount of GH¢9,698,815,220.17 was disbursed, bringing the total payment under the programme for the year to GH¢19.4 billion.
This payment is a clear indication of the government’s commitment to honoring the terms outlined in the Memorandum of Understanding signed under the exchange programme. The Ministry emphasized that this action is expected to boost investor confidence and support fiscal credibility.
Additionally, the Ministry revealed a key fiscal measure from the 2025 Mid-Year Fiscal Policy Review, which includes the establishment of two dedicated sinking fund accounts. These accounts, namely a Cedi Sinking Fund Account and a US Dollar Sinking Fund Account, have been set up as mandated by the Public Financial Management Act, 2016 (Act 921), as amended. The purpose of these funds is to provide liquidity buffers to ensure the timely redemption of loan obligations, including bonds maturing in 2026, 2027, and 2028.
In conclusion, the Ministry assured the market that all subsequent debt obligations, including DDEP obligations, will be fully honored and on time. This move is essential for maintaining investor confidence and ensuring the financial stability of the country.
