Ghana’s government has injected GHS9.7 billion into its Debt Service Recovery Cedi Account, commonly known as the Sinking Fund, as it seeks to create a buffer ahead of a critical debt servicing obligation due in mid-2025.
The allocation is intended to facilitate the fifth coupon payment under the Domestic Debt Exchange Programme (DDEP), scheduled for July and August next year.
The move reflects an effort to stabilise public finances amid ongoing economic headwinds.
Mr Felix Kwakye Ofosu, spokesperson to the president and minister for government communications, confirmed the payment in a statement on Monday, 17 February 2025, highlighting the administration’s strategy to strengthen Ghana’s debt management framework.
By reinforcing the fund, the government aims to bolster investor confidence and prevent further market instability.
In parallel, the finance ministry has completed a Payment-In-Cash (PIC) coupon settlement of GHS6.081 billion to bondholders.
A Payment-In-Kind (PIK) component amounting to GHS3.46 billion has also been credited to bondholders’ securities accounts, in line with the restructuring terms outlined in the DDEP memorandum.
Authorities have signalled their commitment to fiscal consolidation, with further measures expected in the 2025 budget to restore market confidence and improve public financial governance.
