Govt Pays GHC10 billion DDEP Interest Obligations

The Ministry of Finance has announced the payment of GHC10 billion in interest obligations under the Domestic Debt Exchange Programme (DDEP).

This is the sixth coupon settlement under the programme and represents the second full cash payment without any Payment-In-Kind component.

“The settlement covers cedi-denominated DEP coupon obligations in line with the restructuring memorandum and the Government’s broader debt management and fiscal consolidation strategy,” it said in a statement.

According to the Ministry, the payment reflects strengthened fiscal capacity and solvency.

“The timely payment sends a strong positive signal to domestic and international investors, reinforces market confidence, and is expected to support Ghana’s credit outlook while enhancing stability within the financial sector, including banks and pension funds.”

Meanwhile, it affirmed the government’s commitment to meeting future DEP obligations, supported by strong buffers, improving macroeconomic fundamentals, declining inflation, lower interest rates, and a stable Cedi.

Story by Hajara Fuseini

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