Gov’t releases GH¢9.7bln in coupon payments to DDEP bondholders
The government has successfully disbursed GH¢9.7 billion in coupon payments to domestic bondholders, a significant step in its ongoing Domestic Debt Exchange Programme (DDEP), the Ministry of Finance has announced.
This latest payment brings the total amount disbursed under the DDEP for the 2025 financial year alone to about GH¢19.4 billion.
In a statement issued on August 19, the Finance Ministry explained that this move is a critical part of the government’s strategy to manage its domestic debt obligations, and is seen as a key test of its fiscal credibility.
According to the statement, the payment covers interest payments, or coupons, on bonds that were restructured under the programme.
“The payment demonstrates Government’s unwavering commitment to honouring the terms outlined in the Memorandum of Understanding signed under the exchange programme,” the Ministry stated, and noted that the move is expected to help strengthen investor confidence in the government’s ability to meet its restructured debt commitments.
To ensure that future debt obligations are met without challenges, the government has established two dedicated sinking fund accounts, as outlined in the 2025 Mid-Year Fiscal Policy Review, and in compliance with the Public Financial Management Act, 2016 (Act 921).
The two accounts—a Cedi Sinking Fund and a US Dollar Sinking Fund—are designed to act as liquidity buffers to guarantee the timely redemption of loan obligations, including bonds maturing in 2026, 2027, and 2028.
“Government assures investors and the public that subsequent debt obligations, including DDEP obligations, will be honoured fully and on time.” The Ministry assured.
See Full Statement Below:
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