On February 18, 2026, the Ghanaian Ministry of Finance confirmed the successful payment of GH¢10 billion in interest obligations as part of its Domestic Debt Exchange Programme (DDEP). This marks a significant milestone, being the sixth coupon payment made under the initiative since its inception.
The announcement emphasized that this payment was made entirely in cash, without any Payment-In-Kind (PIK) components, showcasing the government’s enhanced fiscal capacity and liquidity. According to the ministry, this settlement aligns with the terms outlined in the restructuring memorandum and is integral to the government’s comprehensive strategy for debt management and fiscal consolidation.
The timely settlement is designed to bolster confidence among both local and international investors, as it underscores Ghana’s commitment to addressing its debt issues. The Ministry reiterated that meeting these obligations is pivotal for restoring fiscal sustainability and improving investor trust in the nation’s economic recovery.
Key factors supporting this optimistic outlook include strengthened fiscal buffers, improving macroeconomic indicators, decreasing inflation rates, lower interest rates, and a relatively stable Ghanaian cedi. The DDEP initiative, launched in 2022, was aimed at restructuring the country’s escalating debt to facilitate access to support from the International Monetary Fund (IMF).
