Gov’t Pays GH¢10Bn DDEP Interest, Affirms Commitment to Debt Obligations
By: Solomon Nartey Tetteh
The Government of Ghana has paid GH¢10 billion in interest obligations under the Domestic Debt Exchange Programme (DDEP), marking a significant milestone in its ongoing debt restructuring and fiscal consolidation efforts.
According to a press release issued by the Ministry of Finance on Wednesday, February 18, 2026, the payment represents the sixth coupon settlement under the programme and the second consecutive full cash payment made without any Payment-In-Kind (PIK) component.
“This payment marks the sixth coupon settlement under the programme and represents the second full cash payment without any Payment-In-Kind component, reflecting strengthened fiscal capacity and solvency,” the ministry stated.
The development, the Ministry noted, reflects the country’s strengthened fiscal capacity and improving solvency position.
The settlement covers cedi-denominated DDEP coupon obligations in line with the restructuring memorandum and the government’s broader debt management strategy.
Authorities say the timely servicing of these obligations demonstrates Ghana’s commitment to honouring the terms agreed with bondholders following the domestic debt restructuring exercise.
The Ministry emphasised that the latest payment sends a strong positive signal to both domestic and international investors. It is expected to reinforce market confidence, support Ghana’s credit outlook, and enhance stability within the financial sector, particularly among banks, pension funds and other institutional investors that hold restructured bonds.
Government further assured stakeholders of its continued commitment to meeting all future DDEP obligations.
“Government remains fully committed to meeting future DDEP obligations, supported by strong buffers, improving macroeconomic fundamentals, declining inflation, lower interest rates, and a stable cedi,” the statement noted.
This assurance, the statement indicated, is backed by improving macroeconomic fundamentals, including declining inflation, lower interest rates, a stable cedi, and the buildup of fiscal buffers.
The Domestic Debt Exchange Programme formed a central pillar of Ghana’s broader economic recovery strategy, aimed at restoring debt sustainability and rebuilding investor confidence after severe fiscal pressures in recent years.
