Ghana has paid about 10 billion cedis ($909 million) in interest to investors under its Domestic Debt Exchange Programme, marking another milestone in efforts to stabilize the economy and restore confidence in the country’s financial system.
The payment represents the sixth coupon settlement since the programme was introduced as part of fiscal reforms aimed at addressing debt pressures and rebuilding market credibility. Officials say honoring scheduled obligations is central to the government’s economic recovery strategy.
“The payment demonstrates our commitment to meeting obligations and strengthening trust in Ghana’s financial markets,” officials said, emphasizing that consistency in debt servicing is essential for long-term stability.
The Domestic Debt Exchange Programme was launched to restructure existing obligations and create fiscal space while broader reforms are implemented. Ghana faced severe economic strain in recent years, including high inflation, currency volatility, and rising borrowing costs, which forced authorities to adopt emergency financial measures.
Economic analysts say the government’s ability to maintain timely payments sends an important signal to investors who are monitoring the country’s fiscal discipline and policy direction.
“Regular coupon payments are a positive sign for markets because they indicate policy stability and financial commitment,” one market analyst noted.
Finance officials say continued compliance with restructuring terms will help Ghana gradually regain access to domestic bond markets, a move viewed as critical for funding development initiatives and managing public finances sustainably.
Authorities are also pursuing complementary policies aimed at strengthening liquidity buffers, stabilizing the cedi, and reducing inflationary pressures. These measures form part of a broader strategy to rebuild confidence among investors and businesses after one of the most challenging economic periods in recent history.
“Restoring investor confidence is a step-by-step process, and disciplined fiscal management is key,” the official added.
Economists caution that while progress is evident, external risks such as global interest-rate trends and commodity price fluctuations could still affect Ghana’s recovery trajectory. However, they say consistent adherence to fiscal reforms will improve the country’s standing with international lenders and financial institutions.
The government maintains that its long-term objective is to place Ghana’s debt on a sustainable path while safeguarding essential spending on infrastructure, social services, and economic development programmes.
