The Ministry of Finance has announced a significant payout of GH¢9,698,815,220.17 to bondholders under the Domestic Debt Exchange Programme (DDEP). This payment, made on August 19, 2025, brings the total disbursement under the program in 2025 to a substantial GH¢19.4 billion.
According to Finance Minister Dr. Cassiel Ato Forson, this latest payment demonstrates the government’s unwavering commitment to honoring its debt obligations and restoring macroeconomic stability. The DDEP, introduced in December 2022, is a crucial component of Ghana’s debt restructuring strategy, aimed at reducing debt vulnerabilities and securing International Monetary Fund (IMF) support.
Key Highlights of the Payment
– Total Payment: GH¢9,698,815,220.17 disbursed to bondholders on August 19, 2025
– Total 2025 Disbursements: GH¢19.4 billion paid out under the DDEP in 2025
– Sinking Funds: Government has established two dedicated sinking fund accounts, one in cedis and another in US dollars, to ensure timely redemption of bonds maturing between 2026 and 2028
Government’s Commitment to Debt Management
Dr. Ato Forson assured investors and the public that all future debt commitments, including those under the DDEP, will be fully honored without delays. The Ministry of Finance emphasized that this payment is a testament to the government’s determination to meet its obligations on time and boost investor confidence in the economy.
The establishment of sinking fund accounts is a proactive measure to manage future debt payments, providing liquidity buffers for bonds maturing in the coming years. This move is expected to reinforce fiscal credibility and stabilize the economy.