Story perspectives

Ghana Pays GH¢10 Billion, Boosts Investor Confidence

2/19/2026

Summary

Story summary

The Government of Ghana has paid GH¢10 billion in interest under the Domestic Debt Exchange Programme (DDEP), the sixth coupon settlement.
This payment is the second full cash settlement without a Payment-In-Kind component.
Ministry of Finance says timely payment reinforces investor confidence and Ghana's credit outlook.
The Domestic Debt Exchange Programme (DDEP), launched in late 2022 to restore debt sustainability after a crisis, aims to stabilize finances.

History

Historical Context

In December 2022, Ghana initiated the Domestic Debt Exchange Programme (DDEP) to manage its public debt, which totaled GHS 137 billion. This program aimed to stabilize the economy and restore investor confidence, echoing past debt restructuring efforts like Argentina's 2001 crisis. By February 2023, approximately 80% of bondholders had voluntarily participated, potentially influencing future debt management strategies in West Africa.

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Story summary

The Government of Ghana has paid GH¢10 billion in interest under the Domestic Debt Exchange Programme (DDEP), the sixth coupon settlement.
This payment is the second full cash settlement without a Payment-In-Kind component.
Ministry of Finance says timely payment reinforces investor confidence and Ghana's credit outlook.
The Domestic Debt Exchange Programme (DDEP), launched in late 2022 to restore debt sustainability after a crisis, aims to stabilize finances.

1 / 2