Audio By Carbonatix
Government has pumped GH¢9.7 billion into the economy in its latest coupon payment under the Domestic Debt Exchange Programme (DDEP).
The Finance Ministry, in a statement, confirmed that the sum of GH¢9,698,815,220.17 was disbursed on Tuesday, bringing the total payout under the programme this year alone to a jaw-dropping GH¢19.4 billion.
Officials say the move is not just another routine payment, but a strong signal to investors and the public that government is determined to honour its word, protect confidence in the economy, and restore credibility to Ghana’s debt management efforts.
To further back its promise, government has rolled out two brand-new safety nets — a Cedi Sinking Fund and a US Dollar Sinking Fund — which will serve as financial cushions for repaying bonds maturing in 2026, 2027 and 2028.
“This payment shows our unwavering commitment to meeting our obligations on time,” the Finance Ministry assured in a statement, stressing that all future debts — including those under the DDEP — will be paid in full.
The DDEP, launched in 2022 as part of Ghana’s economic recovery strategy, has often sparked heated debate.
But with this latest payment, observers say government has made it clear it is ready to put its money where its mouth is.
For bondholders and ordinary Ghanaians alike, today’s announcement may mark a much-needed boost in confidence — and a reminder that despite the turbulence, Ghana’s debt ship is still being steered.
Latest Stories
-
Farmers need support all year, not just awards’ — Prof. Boadi
3 minutes -
Spotify ranks ‘Konnected Minds’ Ghana’s No. 1 Podcast for 2025
5 minutes -
Minority caucus push for modern AI-driven agricultural and fisheries revolution
7 minutes -
Mahama reaffirms Ghana’s commitment to ending HIV/AIDS by 2030
7 minutes -
Martin Kpebu poised to defend claims against Special Prosecutor – Counsel
12 minutes -
Kareweh criticises govts for policies that look good but achieve little in agriculture
14 minutes -
Galamsey is killing our cocoa, our water, our future – Minority warns of food security meltdown
16 minutes -
Keta is drowning, not fishing – Minority demands urgent fix to premix fuel breakdown
30 minutes -
Rising attacks on journalists demand better coordination with Security agencies — MFWA
39 minutes -
A nation that left its farmers behind – Minority blasts gov’t over GH¢5bn grain disaster
46 minutes -
Move to scrap OSP is premature, Inusah Fuseini tells Majority caucus
46 minutes -
Farmers’ day losing meaning without real reform — GAWU Warns
48 minutes -
GTA boss outlines three priorities to drive Volta Region’s tourism growth
49 minutes -
Cary-Hiroyuki Tagawa, actor who performed in ‘Mortal Kombat,’ dies at 75
50 minutes -
Ghana celebrates 41st Farmers’ Day, spotlighting champions of food security
55 minutes
