Finance Ministry Announces Expiration of DDEP-induced Restrictions on Domestic Bond Issuance

EXPIRATION OF DDEP-INDUCED RESTRICTIONS ON DOMESTIC BOND ISSUANCE

1. The Ministry of Finance announces the
   expiration of the restrictions on new domestic bond issuance.
2. The three-year restriction measure was imposed in 2023 to prevent Government from issuing new bonds following the debt default that preceded the Domestic Debt Exchange Programme (DDEP).
3. This comes at a time when inflation is low, investor confidence has improved, and
   the macroeconomic environment is strong, supported by a robust medium-term debt
   management strategy and significant buffers.
4. Since 2025, the Government has honoured every coupon payment and obligation under the restructured bonds, demonstrating its credibility, fiscal discipline, and commitment to responsible debt management.
5. The expiration of the restrictions paves the way for government to drastically reduce its dependence on Treasury bills to finance its budget and allows for the issuance of new longer-dated domestic bonds.
6. President John Dramani Mahama’s administration is once again deeply grateful to the Ghanaian people for their forbearance and cooperation during the difficult period.

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