The Ministry of Finance has announced the payment of GH¢10billion as settlement of interest under the Domestic Debt Exchange Programme (DDEP).
This marks the sixth coupon settlement under the programme and represents the second full cash payment without any Payment-in-kind component.
This, according to a statement issued by the Ministry, reflects strengthened fiscal capacity and solvency.
The settlement covers cedi-denominated coupon obligations in line with the restructuring memorandum and govenrment’s broader debt management and fiscal consolidation strategy.
In a statement issued on Wednesday, February 18, the Ministry stressed that the move sends a strong positive signal to domestic and international investors, reinforces market confidence and it’s expected to support Ghana’s credit outlook while enhancing stability within the financial sector, including banks and pension funds.
It assured of government’s full commitment to meeting future DDEP payments, supported by strong buffers, improving macroeconomic fundamentals, declining inflation, lower interest rates and a stable Cedi.