Government has pumped GH¢9.7 billion into the economy in its latest coupon payment under the Domestic Debt Exchange Programme (DDEP).
The Finance Ministry, in a statement, confirmed that the sum of GH¢9,698,815,220.17 was disbursed on Tuesday, bringing the total payout under the programme this year alone to a jaw-dropping GH¢19.4 billion.
Officials say the move is not just another routine payment, but a strong signal to investors and the public that government is determined to honour its word, protect confidence in the economy, and restore credibility to Ghana’s debt management efforts.
To further back its promise, government has rolled out two brand-new safety nets — a Cedi Sinking Fund and a US Dollar Sinking Fund — which will serve as financial cushions for repaying bonds maturing in 2026, 2027 and 2028.
“This payment shows our unwavering commitment to meeting our obligations on time,” the Finance Ministry assured in a statement, stressing that all future debts — including those under the DDEP — will be paid in full.
The DDEP, launched in 2022 as part of Ghana’s economic recovery strategy, has often sparked heated debate.
But with this latest payment, observers say government has made it clear it is ready to put its money where its mouth is.
For bondholders and ordinary Ghanaians alike, today’s announcement may mark a much-needed boost in confidence — and a reminder that despite the turbulence, Ghana’s debt ship is still being steered.
Source: Myjoyonline.com
