Ghana’s Debt Relief: Ato Forson Confirms GH¢10.8bn DDEP Coupon Payment

Ghana's Finance Minister Dr Cassiel Ato Forson has confirmed that the government will make its next coupon payment under the Domestic Debt Exchange Programme (DDEP) on Tuesday, August 18, with a GH¢10.8 billion obligation to be settled fully and on schedule.

The announcement was made during the presentation of the 2026 Mid-Year Budget Review to Parliament on Thursday, July 23, by Dr Forson. The minister assured investors that the government would meet its obligations under the domestic debt restructuring arrangement.

Background

Ghana's DDEP was introduced as a key component of the country's broader debt restructuring efforts aimed at restoring debt sustainability. The programme involved the exchange of existing domestic bonds held by financial institutions, pension funds, insurance companies, individual investors, and other creditors for new instruments with revised terms.

The programme was a response to Ghana's debt crisis, which has been a major challenge for the country's economy. The government's ability to meet its repayment commitments on schedule is helping to rebuild confidence among investors.

What This Means

The upcoming payment reflects the government's continued commitment to meeting its obligations under the domestic debt restructuring arrangement. Dr Forson noted that the government had already fulfilled its first DDEP coupon obligation, paying GH¢10.1 billion to bondholders on the scheduled date.

The minister further revealed that Ghana had paid a total of $2.1 billion in principal and interest obligations to Eurobond holders since January 2025, without placing excessive pressure on the country's foreign exchange reserves. Regular repayment of debts is seen as a strong demonstration of the government's commitment to restoring credibility in the economy.

What Happens Next

The upcoming payment is expected to be made on Tuesday, August 18, as scheduled. Dr Forson has assured investors that the payment will be made on time and in full, which is seen as a positive development for the country's economy.

The payment is expected to help rebuild confidence among investors, who have been skeptical of Ghana's ability to meet its debt obligations. The government's commitment to meeting its repayment commitments on schedule is seen as a key factor in restoring credibility in the economy.

Ghana's debt crisis has been a major challenge for the country's economy, and the government's ability to meet its debt obligations on schedule is seen as a crucial step in restoring confidence among investors. The upcoming payment is expected to be a major test of the government's commitment to meeting its debt obligations, and its ability to do so will have a significant impact on the country's economy.

In conclusion, the upcoming coupon payment under the Domestic Debt Exchange Programme is a significant development for Ghana's economy. The government's commitment to meeting its debt obligations on schedule is seen as a key factor in restoring credibility in the economy, and the upcoming payment is expected to be a major test of the government's commitment to meeting its debt obligations.

Source: Joy Online