EXPIRATION OF DDEP-INDUCED RESTRICTIONS ON DOMESTIC BOND ISSUANCE
- The Ministry of Finance announces the
expiration of the restrictions on new domestic bond issuance. - 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).
- 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. - 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.
- 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.
- President John Dramani Mahama’s administration is once again deeply grateful to the Ghanaian people for their forbearance and cooperation during the difficult period.
END
