Audio By Carbonatix
Finance Minister Dr. Cassiel Ato Forson has assured Ghanaians that government remains fully committed to honouring all its domestic debt obligations under the Domestic Debt Exchange Programme (DDEP).
He was emphatic in vowing that “we will not default.”
Delivering the 2025 Mid-Year Budget Review on Wednesday, July 24, Dr. Ato Forson disclosed that in just the first half of the year, the government had already paid GH¢9.8 billion in coupon payments to DDEP bondholders, of which GH¢3.6 billion was capitalised as part of restructuring agreements.
Additionally, GH¢1.1 billion was disbursed to non-tendered bondholders—those who did not participate in the debt exchange—settling all outstanding debt service arrears from 2024.
“For the second half of 2025, an amount of GH¢10.2 billion is due as coupons on the DDEP bonds and GH¢724.1 million as debt service for the non-tendered bondholders,” Dr. Forson noted.
In what appeared to be a direct response to growing anxieties among investors and analysts, the Finance Minister said the Mahama administration was committed not only to fulfilling these obligations but also to restoring trust in Ghana’s fiscal credibility.
“It is important to note that government remains committed to honouring its debt service obligations and has therefore made adequate preparations towards full settlement of all debt service in 2025 and beyond,” Dr. Forson declared.
The government’s DDEP, launched in 2022 as part of its broader IMF-backed economic reform agenda, was a difficult but necessary step to restructure Ghana’s unsustainable debt burden.
Latest Stories
-
Roads Minister’s response to our report was ‘hollow’ – Sulemana Braimah
14 minutes -
NDC committed to ending sole-sourcing abuse – Alhassan Suhuyini
22 minutes -
Big Push is government’s biggest intervention to fix Ghana’s roads – Alhassan Suhuyini
25 minutes -
A firm awarded sole-sourced Big Push contract has 4 workers; another has just one – Sulemana Braimah
52 minutes -
One firm awarded a Big Push sole-sourced contract was created in January 2025 – Sulemana Braimah
1 hour -
Procurement Specialist says Value for Money Office is unnecessary, warns it’ll create confusion
1 hour -
Inter Miami name stand after Argentina great Messi
1 hour -
Value for Money Office should be part of PPA – Baffour Awuah
1 hour -
Kofi Bentil blames leadership failures, not law, for procurement problems in Ghana
1 hour -
Academic City’s Tech Expo showcases innovative technologies to tackle galamsey
1 hour -
Gov’t actions contradict its own accountability pledges – Manhyia South MP
1 hour -
90% of contracts in 2016 were awarded through sole sourcing by NDC – Baffour Awuah claims
1 hour -
CFY Partners Managing partner Felix Tamattey, honoured at 11th Corporate Ghana Hall of Fame Awards
2 hours -
Academic City president Prof. McBagonluri named among Africa’s top education leaders
2 hours -
Complete Agenda 111 projects and put them to use – Akufo-Addo tells Mahama
2 hours
