The Ministry of Finance has announced the expiration of restrictions on new domestic bond issuance, marking a key step in Ghana’s post-debt restructuring recovery.
The restrictions, introduced in 2023 after the country’s debt default and the rollout of the Domestic Debt Exchange Programme (DDEP), were aimed at preventing the government from issuing new bonds during a period of fiscal instability. The three-year measure has now officially lapsed.
According to press release by the Ministry, the decision comes at a time of improved economic conditions, including lower inflation, rising investor confidence, and a stronger macroeconomic environment. Authorities say these gains have been supported by a robust medium-term debt management strategy and the buildup of financial 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 press release stated.
With the restrictions lifted, government is expected to reduce its reliance on short-term Treasury bills and shift toward issuing longer-term domestic bonds to finance its budget.
The statement added that the administration of John Dramani Mahama remains grateful to Ghanaians for their cooperation and patience throughout the economic adjustment period.
