Ghana's Ministry of Finance pays GH¢9.7billion domestic debt coupon

The Ministry of Finance has announced the successful fulfilment of a major coupon payment obligation under the government’s Domestic Debt Exchange Programme (DDEP).

In a press release dated August 19, 2025, the Ministry confirmed a disbursement of GH¢9,698,815,220.17, bringing the total amount paid under the programme for the year to GH¢19.4 billion.

The payment is described as a demonstration of the government’s “unwavering commitment to honouring the terms outlined in the Memorandum of Understanding signed under the exchange programme.” The Ministry stated that this action “is expected to strengthen investor confidence and support fiscal credibility.”

Furthermore, the release outlined a key fiscal measure from the 2025 Mid-Year Fiscal Policy Review, revealing the establishment of two dedicated sinking fund accounts. “Government has established two dedicated sinking fund accounts—a Cedi Sinking Fund Account and a US Dollar Sinking Fund Account—as mandated by the Public Financial Management Act, 2016 (Act 921), as amended.”

According to the Ministry, these funds are designed to “provide liquidity buffers to ensure the timely redemption of loan obligations, including bonds maturing in 2026, 2027, and 2028.”

The statement concluded with a firm assurance to the market, stating, “Government assures investors and the public that subsequent debt obligations, including DDEP obligations, will be honoured fully and on time.”