The Government of Ghana has settled about GH¢10 billion in interest payments to bondholders under the Domestic Debt Exchange Programme (DDEP), signalling continued efforts to stabilise the country’s public finances and restore confidence in the local debt market.
The payment, made through the Ministry of Finance, covers coupon obligations due to investors who participated in the domestic debt restructuring exercise introduced in 2023 as part of Ghana’s economic recovery programme supported by the International Monetary Fund (IMF).
In a statement issued on Wednesday, February 18, 2026, the Ministry of Finance said the payment represents the sixth coupon settlement under the programme and the second full cash payment made without any Payment-In-Kind component.
It said “The Government of Ghana has paid GH¢10 billion in interest obligations under the Domestic Debt Exchange Programme (DDEP),” and explained that the settlement covers Cedi-denominated DDEP coupon obligations in accordance with the restructuring memorandum and the government’s broader debt management and fiscal consolidation strategy.
It noted that the timely payment demonstrates improved fiscal strength and solvency.
“This payment marks the sixth coupon settlement under the programme and represents the second full cash payment without any Payment-In-Kind component, reflecting strengthened fiscal capacity and solvency.
“The timely payment sends a strong positive signal to domestic and international investors, reinforces market confidence, and is expected to support Ghana’s credit outlook while enhancing stability within the financial sector, including banks and pension funds,” it added.
Restoring investor confidence
The DDEP was launched to reduce Ghana’s debt burden after the country faced severe fiscal pressures, rising borrowing costs and limited access to international capital markets.
While the programme was initially met with resistance from individual bondholders, pension funds and institutional investors, authorities argued it was necessary to prevent a deeper economic crisis.
By settling the GH¢10bn interest obligation, the government aims to demonstrate consistency in servicing the restructured debt and reassure investors about the sustainability of the programme.
