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Sunday, 13 September 2026
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Sunday, 13 September 2026
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Ghanaian press · Event

Domestic Debt Exchange Program

Also known as: DDEP · Domestic Debt Exchange Programme · 2022/2023 Domestic Debt Exchange Programme

2026-04-262026-09-13

In coverage

Verbatim sentences from the source article.

  1. September 2026
  2. The Ghanaian Times

    Introduction Ghana’s Domestic Debt Exchange Programme (DDEP) has been one of the most ambitious financial restructuring efforts in the country’s history.

    Cocoa Board and debt exchange: Ghana’s path to renewal
  3. Joy Online

    The latest Bank of Ghana auction results indicate that the clearing yield was about 130 basis points above the post-Domestic Debt Exchange Programme (DDEP) four-year secondary market reference rate of approximately 10.7%.

    New 4-year bond attracts GH¢4.46bn in bids
  4. Joy Online

    He also pointed to the impact of the Domestic Debt Exchange Programme (DDEP) on Ghanaians, including pensioners, arguing that the sacrifices made under the restructuring exercise illustrated the severity of the economic difficulties the country had experienced.

    CJ’s role includes building working relationships with state institutions — NDC’s Hamza Suhuyini
  5. Joy Online

    He said the substance of the Chief Justice’s assessment could also be considered against Ghana’s economic difficulties in recent years, including the country’s loss of access to international capital markets and the implementation of the Domestic Debt Exchange Programme (DDEP).

    NDC’s Hamza Suhuyini accuses NPP of hypocrisy over Chief Justice’s remarks
  6. Joy Online

    This is supported by capital adequacy expectations and recapitalisation efforts following the Domestic Debt Exchange Programme.

    Strengthening banking resilience: A comparative assessment of capital requirements in Ghana and Kenya
  7. The Chronicle

    The Ghana Cocoa Board (COCOBOD) has settled GH¢2.3 billion in outstanding payment obligations to bondholders affected by the Domestic Debt Exchange Programme (DDEP) for the 2026 financial year.

    COCOBOD Settles GH¢2.3bn DDEP Bond Obligations
  8. Joy Online

    The Ghana Cocoa Board (COCOBOD) has settled GH¢2.3 billion owed to bondholders under the Domestic Debt Exchange Programme (DDEP), completing its mandatory payment obligations to affected bondholders for 2026.

    COCOBOD settles GH¢2.3bn DDEP obligations for 2026
  9. The Ghanaian Times

    Introduction Ghana’s payment of GH¢10.82 billion to Domestic Debt Exchange Programme bondholders on 19 August 2026 is not merely another coupon payment.

    Ghana’s long road through debt: From post-independence crises to DDEP
  10. August 2026
  11. Joy Online

    Analysts believe the strong demand was driven by improved liquidity following the Domestic Debt Exchange Programme (DDEP) coupon payment, with investors increasingly rotating into the 364-day bill to lock in relatively attractive yields before further compression.

    Rising demand for T-bills to be sustained, yields to compress further
  12. Joy Online

    He noted that the BoG’s equity stood at about 7% at the end of 2025, with the Domestic Debt Exchange Programme (DDEP) and the DGPP among the factors behind the deterioration.

    IMF urges tighter controls over GoldBod programme amid concerns over BoG losses

Monday 7 September

  1. Ghana Cocoa Board completes 2026 debt exchange obligations

    The Ghana Cocoa Board has completed its 2026 payment obligations under Ghana's Domestic Debt Exchange Programme, totalling GH¢2.68 billion. The achievement demonstrates fiscal discipline and COCOBOD's historical role in stabilising Ghana's economy during debt crises.

    7 September 2026 · The Ghanaian Times

  2. Government's 4-year bond raises GH¢3.15bn amid strong demand

    Government's latest four-year Treasury bond auction attracted GH¢4.46 billion in bids, of which GH¢3.15 billion was accepted. The bond cleared at 12.00% yield, below pre-auction expectations, with a bid-to-cover ratio of 1.41 times.

    7 September 2026 · Joy Online

Thursday 3 September

  1. Chief Justice's institutional engagements are part of office role, NDC argues

    NDC lawyer Hamza Suhuyini defended Chief Justice Paul Baffoe-Bonnie's visits to state institutions, saying building working relationships with public bodies is an inherent responsibility of the office and should not be viewed as political involvement.

    3 September 2026 · Joy Online

  2. NDC accuses NPP of hypocrisy over Chief Justice remarks

    NDC lawyer Hamza Suhuyini accused the NPP of hypocrisy, saying the party previously praised the Chief Justice for speaking against illegal mining but now questions his neutrality after he made comments appearing critical of the government's record on state enterprises.

    3 September 2026 · Joy Online

Wednesday 2 September

  1. Ghana and Kenya strengthen bank capital requirements for stability

    Both countries are raising minimum capital requirements for banks to improve financial sector resilience and protect depositors. Ghana requires GH¢400 million in paid-up capital for universal banks, while Kenya has increased the statutory minimum core capital for commercial banks from KES1 billion to KES10 billion through phased implementation.

    2 September 2026 · Joy Online

Tuesday 1 September

  1. COCOBOD pays GH¢2.3bn in DDEP bond obligations

    The Ghana Cocoa Board has settled GH¢2.3 billion in outstanding payment obligations to bondholders affected by the Domestic Debt Exchange Programme for the 2026 financial year, bringing its total DDEP payments for the year to GH¢2.68 billion. The Board also previously settled GH¢162 million owed to non-participating Cocoa Bill holders in July 2026.

    1 September 2026 · The Chronicle

  2. COCOBOD settles GH¢2.3bn DDEP bond obligations for 2026

    Ghana's Cocoa Board has completed its mandatory payment obligations under the Domestic Debt Exchange Programme by settling GH¢2.3 billion owed to bondholders, with total payments to DDEP bondholders in 2026 reaching GH¢2.68 billion including an earlier March coupon payment.

    1 September 2026 · Joy Online

  3. Ghana paid GH¢10.82 billion in August 2026 debt payment

    Ghana paid GH¢10.82 billion to Domestic Debt Exchange Programme bondholders on 19 August 2026 entirely in cash, bringing total DDEP payments since 2025 to GH¢41.36 billion. The article traces Ghana's debt crises from independence through the 2022 DDEP, during which the government had to restructure obligations held by domestic banks, pension funds, insurers, institutions and citizens.

    1 September 2026 · The Ghanaian Times

Tuesday 25 August

  1. T-bill yields compress further as investor demand remains strong

    Treasury bill yields fell across the curve after strong investor demand last week resulted in bids of GH¢14.27 billion against a GH¢5.43 billion target, driven by improved liquidity from the Domestic Debt Exchange Programme coupon payment. Analysts expect sustained demand and continued downward pressure on yields in the coming week.

    25 August 2026 · Joy Online

  2. IMF warns of BoG losses from Domestic Gold Purchase Programme

    The IMF has called for stronger governance and transparency in Ghana's Domestic Gold Purchase Programme, warning that the scheme has generated significant losses for the Bank of Ghana and contributed to deterioration in its financial position, with the BoG's equity standing at about 7% at the end of 2025.

    25 August 2026 · Joy Online

Thursday 20 August

  1. Government pays GH¢10.8bn to DDEP bondholders

    The government has paid GH¢10.8 billion to bondholders under the Domestic Debt Exchange Programme, bringing the total amount paid since 2025 to GH¢41.36 billion. The Ministry of Finance said the latest payment, the third DDEP coupon payment made fully in cash, demonstrates the government's commitment to meeting its debt obligations in full and on schedule.

    20 August 2026 · The Ghanaian Times

Wednesday 19 August

  1. Government pays GH¢10.8 billion DDEP coupon in full

    The Government of Ghana has paid GH¢10.8 billion to bondholders under the Domestic Debt Exchange Programme, with the Ministry of Finance noting this is the third DDEP coupon payment made entirely in cash and bringing total payments since 2025 to GH¢41.36 billion.

    19 August 2026 · The Ghanaian Times

  2. Government pays GH¢10.8bn DDEP coupon payment in cash

    The Government paid GH¢10.82 billion to bondholders under the Domestic Debt Exchange Programme in cash on schedule, bringing total payments to investors since 2025 to GH¢41.36 billion. The payment represents the third DDEP coupon settled entirely in cash and reflects the Government's commitment to meeting debt obligations and maintaining fiscal discipline.

    19 August 2026 · The Chronicle

  3. Government pays GH¢10.8bn DDEP coupon on schedule

    The government has paid GH¢10.82 billion to bondholders under the Domestic Debt Exchange Programme in full and on schedule. This is the third DDEP coupon payment made entirely in cash, bringing total payments to bondholders since 2025 to GH¢41.36 billion.

    19 August 2026 · Joy Online

Monday 10 August

  1. InvestCorp Treasury Securities Fund offers capital preservation and steady returns

    InvestCorp Treasury Securities Fund invests in government-backed securities including Treasury bills and bonds, alongside selected international treasury securities, to help investors preserve capital and earn competitive returns in shifting market conditions.

    10 August 2026 · Joy Online

Saturday 8 August

  1. Opinion: Government delays payment to FSHS food suppliers

    An opinion piece argues that ordinary Ghanaians who supplied food items under the Free Senior High School Policy in Q4 2024 are waiting for payment, citing a norm that government pays for fourth-quarter services in the first quarter of the following year. The writer calls for President Mahama to ensure justice for these suppliers.

    8 August 2026 · Joy Online

Monday 3 August

  1. Government excels in narrative control and public relations strategy

    An opinion piece argues that the ruling National Democratic Congress has prioritized public relations and narrative management as a major policy item, demonstrating exceptional skill in shaping public perception of its governance record over substantive policy delivery.

    3 August 2026 · Joy Online

Sunday 2 August

  1. ARB Apex Bank readies supervisory role, posts GH¢34.56m profit

    The ARB Apex Bank is positioning itself to support the transition of community banks under a new microfinance regulatory framework from the Bank of Ghana, which has expanded the bank's supervisory mandate to include microfinance banks, credit unions, and last-mile providers. The bank recorded a Profit Before Tax of GH¢34.56 million in 2025, up 35 percent from GH¢25.44 million in 2024, with total assets rising to GH¢5.40 billion from GH¢2.28 billion in 2024.

    2 August 2026 · Joy Online

Monday 27 July

  1. Ghana targets GH¢30bn Sinking Fund by year-end for DDEP repayment

    The government has projected to accumulate GH¢30 billion in the Sinking Fund by the end of 2026 to prepare for repayment of Domestic Debt Exchange Programme obligations, with the first major maturity falling due in February 2027. As of July 22, 2026, the Fund had accumulated GH¢15.6 billion.

    27 July 2026 · The Ghanaian Times

Friday 24 July

  1. Ghana will not rush to Eurobond market despite improved ratings

    Finance Minister Dr Cassiel Ato Forson says Ghana will proceed cautiously on international borrowing despite strengthened macroeconomic fundamentals and renewed investor interest, prioritizing debt sustainability. Ghana's debt-to-GDP ratio has fallen to 45 per cent, meeting the statutory target ahead of schedule, and the World Bank-IMF has upgraded the country's debt outlook from unsustainable to sustainable.

    24 July 2026 · The Ghanaian Times

Thursday 23 July

  1. Ghana's economic recovery required reforms beyond debt restructuring

    Finance Minister Dr. Cassiel Ato Forson told Parliament that Ghana's recent economic recovery was driven by policy reforms and disciplined economic management, not debt restructuring and IMF support alone. He argued that while the Domestic Debt Exchange Programme and IMF framework provided support, effective implementation of government reforms since January 2025 was the main driver of economic stability.

    23 July 2026 · The Chronicle

Wednesday 22 July

  1. Parliament disputes interpretation of Ghana's 44% debt-to-GDP ratio

    The Minority and Majority in Parliament have clashed over Ghana's reported decline in debt-to-GDP ratio to 44 percent ahead of the Finance Minister's Mid-Year Budget Review presentation. The Minority cautioned against celebrating the reduction, arguing that cedi appreciation has artificially improved the figures and warning that currency depreciation could reverse the gains.

    22 July 2026 · Joy Online

Monday 20 July

  1. Sekyere Community Bank reports 150% profit growth for 2025

    Sekyere Community Bank PLC recorded 150% growth in profit before tax for the year ending December 31, 2025, the highest in the Bank's history, despite challenges from locked-up funds and the Domestic Debt Exchange Programme. Shareholders' funds grew 105%, and the Bank is preparing for regulatory conversion and capital requirements under the new Microfinance Framework.

    20 July 2026 · The Chronicle

Wednesday 15 July

  1. COCOBOD settles GH¢162m debt to non-participating cocoa bill holders

    The Ghana Cocoa Board has announced full settlement of GH¢162 million owed to individual holders of Cocoa Bills who did not participate in the Government's Domestic Debt Exchange Programme in 2023. COCOBOD said the payment resolves outstanding obligations that persisted due to financial challenges following debt restructuring.

    15 July 2026 · The Chronicle

  2. COCOBOD settles GH¢162m debt to non-DDEP Cocoa Bill holders

    The Ghana Cocoa Board has paid GH¢162 million in full settlement of outstanding obligations to individual holders of Cocoa Bills who did not participate in the government's Domestic Debt Exchange Programme. The payments were delayed following the 2023 DDEP implementation due to financial constraints but have now been completed.

    15 July 2026 · Joy Online

Monday 6 July

  1. Fiaseman Community Bank achieves 17% profit growth in 2025

    Fiaseman Community Bank PLC posted a profit before tax of GH¢81.5 million in 2025, up 17.12% from GH¢69.6 million in 2024, with total assets surging 38.67% to GH¢1.33 billion and deposits climbing 40% to GH¢1.16 billion. The Board proposed a dividend of GH¢0.14 per share.

    6 July 2026 · Business & Financial Times

Thursday 2 July

  1. NPP advisor questions official's response to recent flooding disaster

    Akosua Manu, Advisor on Gender and Social Protection to Dr Mahamudu Bawumia's presidential campaign, challenged presidential staffer Nana Yaa Jantuah for what she saw as insufficient public concern following recent floods that destroyed homes, businesses and infrastructure across several communities, particularly Accra.

    2 July 2026 · Joy Online

Wednesday 1 July

  1. Offinso Community Bank posts 84% profit growth in 2025

    Offinso Community Bank Plc recorded strong financial growth in 2025, with profit before tax rising 83.85 percent to GH¢6.53 million and shareholders' funds surging 287.47 percent to GH¢6.46 million. The board chairman attributed the performance to prudent management, customer confidence, and expanded lending to productive sectors, while customer deposits grew 21.99 percent to GH¢80.06 million.

    1 July 2026 · Business & Financial Times

Monday 29 June

  1. Local dollar bond trading surges 4,684% to US$35m in 5 months

    Trading in locally issued US dollar-denominated government bonds jumped to US$35.36 million in the first five months of 2026 from US$739,092 in the same period last year, a surge market participants interpret as a sign of improving investor confidence in Ghana's sovereign debt following the 2023 Domestic Debt Exchange Programme.

    29 June 2026 · Business & Financial Times

Friday 26 June

  1. Fitch Solutions forecasts Ghana inflation rise, economic growth slowdown by 2027

    Fitch Solutions projects Ghana's inflation will average 12.8% in 2027, up from 6.0% in 2026, due to base effects and cedi pressure from global gold prices, while economic growth is forecast to moderate to 4.7% in 2027 from 5.7% in 2026, constrained by stagnant oil and cocoa production and rising fiscal pressures.

    26 June 2026 · Daily Guide

Domestic Debt Exchange Program — Ghanaian press coverage · Ghana Minute