Government has paid GH¢10 billion in interest under the Domestic Debt Exchange Programme (DDEP), marking a major milestone in the country’s fiscal consolidation efforts.

The payment, announced on Wednesday, is the sixth coupon settlement under the programme and the second made entirely in cash, with no Payment-In-Kind component.

The full cash settlement covers cedi-denominated DDEP coupon obligations, in line with the restructuring memorandum and the Government’s broader debt management strategy.

Officials say the move demonstrates strengthened fiscal capacity and solvency, reassuring both domestic and international investors.

“This timely payment sends a strong positive signal to the market, reinforces investor confidence, and is expected to support Ghana’s credit outlook,” the statement said.

Analysts note that the settlement also bolsters stability across the financial sector, including banks and pension funds, which hold significant domestic debt exposure.

The government emphasised its continued commitment to meeting future DDEP obligations, citing strong buffers and improving macroeconomic fundamentals. Falling inflation, declining interest rates, and a stable Cedi are key factors underpinning this confidence.

The successful payment is being viewed as a signal of Ghana’s growing fiscal discipline and the effectiveness of its debt management strategy.

By meeting obligations fully in cash, the Government aims to assure investors of its ability to honour debt commitments without resorting to alternative arrangements.

Officials say that the move is expected to strengthen market sentiment, attract new investment, and provide a stable foundation for future growth, while demonstrating that Ghana’s fiscal framework is becoming more resilient.