The Government of Ghana through the Ministry of Finance has disbursed GH¢9.7 billion to bondholders as part of its latest coupon payment under the Domestic Debt Exchange Programme (DDEP).
The Ministry of Finance, in a statement, said the payment of GH¢9,698,815,220.17 was made on Tuesday August 19, 2025, bringing the total payout under the programme in 2025 alone to GH¢19.4 billion.
According to the Ministry, the disbursement demonstrates government’s determination to honour its commitments, boost investor confidence, and restore credibility to Ghana’s debt management framework.
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To reinforce this commitment, government has also introduced two new safety nets, a Cedi Sinking Fund and a US Dollar Sinking Fund, to provide financial buffers for the repayment of bonds maturing in 2026, 2027, and 2028.
“This payment shows our unwavering commitment to meeting our obligations on time,” the Finance Ministry stated.
"Government assures investors and the public that subsequent debt obligations, including DDEP obligations, will be honoured fully and on time," the statement concluded.
Background
The DDEP, introduced in December 2022, was a central component of Ghana’s debt restructuring strategy designed to restore macroeconomic stability and secure an International Monetary Fund (IMF) support programme.
Under the arrangement, government exchanged existing domestic bonds for new ones with longer maturities and lower interest rates.
The move was aimed at reducing Ghana’s unsustainable debt servicing costs but sparked public debate and resistance, particularly among pensioners and individual bondholders, who feared heavy financial losses.
Despite these challenges, the Ministry insists the programme remains critical to stabilising the economy, lowering debt vulnerabilities, and regaining investor trust.
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— Ministry of Finance, Ghana (@MoF_Ghana) August 19, 2025
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