By Ashiadey Dotse
Finance Minister Dr. Cassiel Ato Forson has announced the early redemption of GH¢29 billion in Domestic Debt Exchange Programme (DDEP) bonds due in February 2027, assuring bondholders that the money is ready for collection.
Presenting the 2027 Budget Statement and Economic Policy to Parliament, Dr. Forson said the Cedi Sinking Fund Account held GH¢29 billion as of November 11, 2026, enough to cover the full principal repayment.
He urged holders of the February 2027 bonds to accept the offer, saying: “Your cash is ready. Come for your money.”
The Finance Minister explained that the government’s total DDEP obligations due in February 2027 amounted to GH¢40.1 billion, comprising GH¢29 billion in principal and GH¢11.1 billion in interest.
He added that a further GH¢12.5 billion in obligations would fall due in August 2027. This includes GH¢3.3 billion in principal and GH¢9.2 billion in interest, bringing the total obligations for both periods to about GH¢53 billion.
Dr. Forson said the government was building sufficient funds in the Debt Service Reserve Account to meet the GH¢11.1 billion interest payment due in February 2027 and other interest payments that would follow.
He also assured other DDEP bondholders that the government would pay all outstanding principal and interest on time.
The Minister disclosed that on August 18, 2026, the government paid GH¢10.8 billion to DDEP bondholders, covering the seventh coupon and third full cash payment. This brought total payments to bondholders since 2025 to GH¢41.36 billion.
He further said the government paid US$700 million to Eurobond holders on July 2, 2026, bringing total payments to that group since 2025 to US$2.1 billion.
Dr. Forson added that the government had also met all its obligations to bondholders who did not participate in the DDEP.
