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The Government of Ghana has disbursed GHS10 billion in interest payments linked to the Domestic Debt Exchange Programme (DDEP), signifying an important achievement in the nation’s debt restructuring initiatives.
The payment signifies the sixth coupon settlement under the DDEP and marks the second successive complete cash payment without any Payment-In-Kind (PIK) portion.
The progress indicates what authorities characterize as enhanced financial capacity and bolstered solvency.
The settlement includes Cedi-denominated coupon obligations per the restructuring memorandum and is part of the government’s wider debt management and fiscal consolidation plan.
The Ministry of Finance states that the punctual management of the debt provides a strong positive indication to both local and foreign investors, bolstering market trust in Ghana’s recovery path.
The payment is anticipated to improve Ghana’s credit rating and strengthen stability in the financial sector, especially for banks and pension funds that possess substantial amounts of the restructured domestic bonds.
The Government has reiterated its dedication to fulfilling all upcoming DDEP obligations, pointing to robust fiscal buffers, enhancing macroeconomic fundamentals, decreasing inflation, reduced interest rates, and a stable Cedi as fundamental factors supporting its capacity to maintain the payments.
The Domestic Debt Exchange Programme was implemented as a component of Ghana’s wider economic recovery strategy designed to achieve debt sustainability and stabilize the economy.
Read the statement below:
Source: Ghanatodayonline.com
