Also known as: DDEP · Domestic Debt Exchange Programme · 2022/2023 Domestic Debt Exchange Programme
Verbatim sentences from the source article.
Joy Online
… As of 2025, its negative equity position has reportedly worsened to approximately GHS 94 billion (US$ 7,965,585,380.00), driven largely by the Domestic Debt Exchange Programme (DDEP), monetary policy operations, and exchange rate-related losses. …
GH₵94bn Negative Equity: Is it time for the Bank of Ghana to think like investors or step too far?Business & Financial Times
… The proposed issuance, estimated at around US$1billion equivalent in cedi-denominated instruments, is also being closely watched by investors as a measure of confidence in Ghana’s domestic debt market following the 2022/2023 Domestic Debt Exchange Programme (DDEP). …
Editorial: COCOBOD ‘sells’ new financial programme to investors…Business & Financial Times
By: Kenneth Owusu Asante AMPONSAH “The more things change, the more they stay the same”-Jean-Baptiste Alphonse Karr,1849 Ghana has demonstrated remarkable resilience navigating the COVID-19 pandemic, the Domestic Debt Exchange Programme (DDEP), recurring floods, cybercrime, infla …
From crisis response to National Resilience: .The case for a National Risk Management PolicyBusiness & Financial Times
… The proposed issuance, estimated at around US$1billion equivalent in cedi-denominated instruments, is also being closely watched by investors as a measure of confidence in Ghana’s domestic debt market following the 2022/2023 Domestic Debt Exchange Programme (DDEP). …
COCOBOD targets lower borrowing costs with tranche-based funding modelJoy Online
… The Bank of Ghana’s Domestic Debt Exchange Program (DDEP) in 2022 led to an operating loss of 60 billion cedis, driven by massive impairments of about 54 billion cedis on its holdings of government securities and COCOBOD exposures. …
The BoG Debate: Using the wrong marking scheme for the right answersBusiness & Financial Times
… The Domestic Debt Exchange Programme (DDEP), introduced as part of Ghana’s economic recovery efforts, highlighted the vulnerability of pension assets to broader economic shocks. …
The future of the pension System: Sustainability or crisis?Business & Financial Times
… Trust Deficit Following the Domestic Debt Exchange Programme (DDEP) The 2022/2023 Domestic Debt Exchange Programme severely weakened investor confidence. …
Unlocking diaspora remittances for investment growthBusiness & Financial Times
… Her remarks come as the country’s equity market continues to record strong gains following improvements in macroeconomic stability, declining inflation and recovery of the banking sector after the Domestic Debt Exchange Programme (DDEP). …
GSE urges diaspora to tap capital market revivalBusiness & Financial Times
… Inflationary pressures, currency instability, financial sector reforms, and more recently, the Domestic Debt Exchange Programme (DDEP), have shaped a generation of investors who associate safety with certainty and growth with danger. …
Treasury bills may protect wealth but these four strategies can grow itBusiness & Financial Times
… He acknowledged that concerns stemming from the Domestic Debt Exchange Programme and broader economic challenges of 2022 were understandable but stressed that significant reforms had since been undertaken. …
Governor urges investors to judge country by reforms, not 2022 crisisThe 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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
Fitch Solutions projects Ghana's economic growth will slow to 4.7% in 2027 from 5.7% in 2026, citing weaker agricultural output, stagnant oil and cocoa production, and intensifying fiscal pressures from debt repayments and Eurobond obligations.
25 June 2026 · Joy Online →
Repurchase transactions (repos) allow banks and financial institutions to exchange high-quality liquid securities for cash while lenders earn secure returns, functioning as the "plumbing" of the financial system. The topic was central to discussions at the recent ACI Financial Markets Association Congress in Accra, where banking and finance professionals examined global liquidity, capital flows, and the outlook for emerging markets including Ghana.
22 June 2026 · Business & Financial Times →
An opinion piece reflects on ex-Finance Minister Ken Ofori-Atta's successful legal challenge to US immigration charges, noting that while he has achieved judicial success with counsel Minka-Premo, his case carries broader political, moral, and sociological implications beyond the courtroom.
19 June 2026 · The Chronicle →
Ecobank Ghana recorded a 28 percent increase in profit before tax to GH¢3 billion in 2025, with revenue rising to GH¢5.2 billion and loans and advances growing 24 percent to GH¢13 billion. The bank ranked second in the industry by both revenue generation and profit before tax.
17 June 2026 · Joy Online →
Secondary market activity rebounded sharply, with turnover rising by 343.17% week-on-week to GH¢7.16 billion, the highest level since the Domestic Debt Exchange Programme. Databank Research attributes the pickup to improved pension-related liquidity and more attractive yield levels, expecting secondary market activity to remain supported in the near term.
16 June 2026 · Joy Online →
The Minister of State for Government Communications rejected claims that former Chief Justice Sophia Akuffo stepped down from the Council of State in protest against the removal of former Chief Justice Gertrude Araba Esaaba Sackey Torkornoo, stating the government received no such communication and Akuffo's resignation letter contained no reference to Torkornoo's removal.
16 June 2026 · Joy Online →
The Deputy Managing Director of Fidelity Bank Ghana has called for deliberate and coordinated effort to channel more capital into productive sectors such as agriculture, noting that structural barriers prevent many enterprises from accessing formal financing despite their economic contribution. He acknowledged Ghana's macroeconomic gains—including six percent real GDP growth in Q4 2025 and a decline in inflation to 5.4 percent by end-2025—but highlighted persistent challenges such as agriculture's 54.7 percent non-performing loan ratio as of February 2026.
15 June 2026 · Daily Guide →
The Ghana Stock Exchange's market capitalisation rose to GH¢262.95billion in May with a year-to-date gain of 52.84 percent, driven by declining inflation, lower interest rates, and increasing investor participation in equities.
15 June 2026 · Business & Financial Times →
The Bank of Ghana's negative equity position has worsened to approximately GH₵94 billion as of 2025, driven by the Domestic Debt Exchange Programme, monetary policy operations, and exchange rate losses. An opinion piece questions whether the central bank should consider investing in digital assets as a strategy to manage this deficit, or whether such moves would exceed its mandate.
11 June 2026 · Joy Online →
Ghana Cocoa Board is preparing a new tranche-based commercial paper programme ahead of the 2026/2027 cocoa season to reduce financing costs, broaden domestic participation, and lessen dependence on offshore borrowing. The programme targets pension funds, commercial banks, and other cocoa value-chain participants, replacing the traditional pre-export facilities that ranged between US$1 billion and US$1.5 billion annually but became unsustainable following Ghana's debt crisis and rising global interest rates.
11 June 2026 · Business & Financial Times →
An opinion piece argues that Ghana's crisis responses have been reactive rather than proactive, and calls for a National Risk Management Policy as an urgent governance reform to anticipate and mitigate risks before they become national emergencies.
10 June 2026 · Business & Financial Times →
Ghana's Cocoa Board is preparing a tranche-based commercial paper programme ahead of the 2026/2027 season to reduce financing costs and decrease dependence on offshore borrowing. The incremental funding model, targeted at domestic pension funds, banks, and cocoa value-chain participants, is intended to improve liquidity management and is expected to launch before the next crop season.
9 June 2026 · Business & Financial Times →
An opinion piece argues that debate over the Bank of Ghana's published financial reports has become politicized rather than focused on substantive accounting and economic analysis, with critics using standards inconsistently depending on their political position.
6 June 2026 · Joy Online →
Ghana's pension system stands at a crossroads as economic uncertainty, demographic shifts, and rising retiree expectations create structural challenges to its long-term viability, despite reforms that have strengthened the system. The three-tier architecture governed by the National Pensions Act addresses retirement security but continues to face sustainability questions.
5 June 2026 · Business & Financial Times →
Ghana received a record $7.8 billion in diaspora remittances in 2025, up from $4.8 billion in 2024, driven by digital financial innovation and regulatory improvements including the Bank of Ghana's Payment Systems and Services Act and updated Guidelines for Inward Remittance Services. Remittances now account for roughly 6% of Ghana's GDP and serve as a stable source of foreign exchange, though most inflows continue to finance household consumption.
5 June 2026 · Business & Financial Times →
The Ghana Stock Exchange has urged the Ghanaian diaspora to increase participation in the country's capital markets, citing strong investor confidence recovery, rising equity valuations, and a resurgence in primary market activity including the busiest IPO period in nearly a decade. The GSE Composite Index has returned 63.4 percent year-to-date as of May 2026, ranking as the world's second-best performing equity market.
5 June 2026 · Business & Financial Times →
Ghanaian investors have historically favoured safety-focused investments like treasury bills and fixed deposits, but rising inflation and living costs now require more intentional growth strategies beyond capital preservation alone.
4 June 2026 · Business & Financial Times →
At the Ghana-UK Investment Summit in London, Bank of Ghana Governor Dr. Johnson Pandit Asiama urged international investors to assess Ghana based on institutional reforms and economic frameworks implemented in recent years rather than the 2022 economic crisis. He highlighted amendments to the Bank of Ghana Act limiting central bank financing of government and stronger fiscal rules aimed at budget discipline and sustainability.
4 June 2026 · Business & Financial Times →