The Government of Ghana has fulfilled its latest debt obligation under the Domestic Debt Exchange Programme (DDEP), paying GH¢10.816 billion to bondholders in full and in cash.
The Ministry of Finance announced the payment in a statement on Wednesday, August 19, 2026, noting that the latest disbursement increases the total amount paid to DDEP bondholders since 2025 to GH¢41.36 billion.
“This is the third DDEP coupon payment made fully in cash. It was paid in full and on schedule,” the Ministry stated.
The payment also delivers on a commitment made by Finance Minister Dr Cassiel Ato Forson when he presented the 2026 Mid-Year Fiscal Policy Review to Parliament on July 23.
At the time, Dr. Forson assured lawmakers that the government would meet the GH¢10.8 billion coupon obligation when it fell due on August 18.
“The seventh DDEP coupon payment of 10.8 billion cedis falls due on the 18th of August 2026. Let me use this opportunity to assure this House that it will be paid on time and in full,” Dr. Forson told Parliament.
Launched in December 2022, the DDEP is a key component of Ghana’s debt restructuring efforts designed to restore long-term debt sustainability. The programme required existing domestic bonds to be exchanged for new instruments carrying revised terms and affected a wide range of creditors, including banks, pension funds, insurance companies and individual investors.
The GH¢10.816 billion payment is the seventh coupon obligation under the restructured domestic debt programme. The government’s previous payment, made in February 2026, amounted to GH¢10.1 billion and was also described by the Finance Ministry as timely and complete.
The Ministry said the government’s record of meeting its DDEP obligations is important for rebuilding confidence in Ghana’s financial markets.
“The timely payment demonstrates Government’s fiscal discipline and firm commitment to meeting all its debt obligations. It will strengthen investor confidence, reduce sovereign default risk and reinforce Ghana’s financial credibility,” the statement said.
The government has also reaffirmed its commitment to making subsequent DDEP payments according to schedule.
“Government assures bondholders, investors and the public that all future DDEP obligations will also be paid in full and on schedule,” the Ministry stated.
The latest payment forms part of broader efforts to restore Ghana’s standing in domestic and international debt markets following the country’s debt restructuring.
In another major debt-service development, the government in July fully paid a US$700 million Eurobond obligation ahead of schedule. This brought the total amount paid to Eurobond holders since January 2025 to US$2.1 billion.
