The Ministry of Finance has announced the end of the three‑year restrictions on issuing new domestic bonds, a safeguard introduced in 2023 following Ghana’s debt default and the rollout of the Domestic Debt Exchange Programme (DDEP).
The measure—designed to prevent government from taking on additional domestic debt instruments during the delicate post‑default period—has now been lifted amid what authorities describe as clear signs of economic recovery.
The Ministry noted that inflation had eased significantly, investor confidence has rebounded, and the broader macroeconomic environment stabilized, supported by a stronger medium‑term debt management strategy and improved fiscal buffers.
Since 2025, government has met all coupon payments and obligations on restructured domestic bonds.
Officials say this consistent performance demonstrates reinforced fiscal discipline and a renewed commitment to prudent debt management.
With the expiration of the restrictions, government is now positioned to reduce its heavy dependence on Treasury bills for short‑term budget financing.
The decision also opens the door for issuing longer‑dated domestic bonds to support fiscal operations and deepen the local capital market.
President John Dramani Mahama’s administration has expressed appreciation to the Ghanaian public for their patience and cooperation throughout what it described as a challenging but necessary phase of the nation’s economic recovery.
Source: businesspostonline
