Ghana Government Pays GH¢10 Billion Interest Under Domestic Debt Exchange Programme (DDEP)

The Government of Ghana has successfully settled GH¢10 billion in interest obligations under the Domestic Debt Exchange Programme (DDEP), marking a major milestone in the nation’s debt management strategy. The Ministry of Finance confirmed the payment in a statement issued on Wednesday, February 18, 2026.

This settlement represents the sixth coupon payment under the DDEP and notably, the second full cash payment made without any Payment-In-Kind (PIK) component. By fully meeting its obligations in cash, the government demonstrates strengthened fiscal discipline and an improved capacity to service domestic debt.

The Ministry explained that the payment covers all Cedi-denominated DDEP coupon obligations, in line with the restructuring memorandum agreed with investors. This approach is part of Ghana’s broader debt management and fiscal consolidation strategy aimed at maintaining macroeconomic stability.

Finance officials noted that the timely settlement sends a strong message to both domestic and international investors. By honoring its commitments promptly, the government reinforces market confidence, supports Ghana’s credit outlook, and promotes stability in key financial institutions, including banks and pension funds.

Experts suggest that consistent and transparent debt payments, such as this GH¢10 billion settlement, could further strengthen Ghana’s economic outlook. The move not only reassures investors but also highlights the government’s commitment to fiscal responsibility, offering a more secure environment for future investments.

source: citi newsroom