The Ministry of Finance has announced the expiration of restrictions placed on the issuance of new domestic bonds following Ghana’s Domestic Debt Exchange Programme (DDEP).
Finance Minister Dr. Cassiel Ato Forson disclosed the development via his social media platforms, confirming that the three-year limitation imposed in 2023 has officially ended.
According to the Minister, the restriction was introduced after the government’s debt default to prevent the issuance of new bonds during the restructuring process under the DDEP.
With the expiration of the measure, government will now be able to issue longer-dated domestic bonds. This is expected to significantly reduce reliance on short-term Treasury bills as a primary source of budget financing.
Dr. Forson noted that the decision comes at a time of improving economic conditions, citing declining inflation, renewed investor confidence, and a more stable macroeconomic environment. He added that the move is supported by a strengthened medium-term debt management strategy and improved fiscal buffers.
The Minister further emphasized that since 2025, government has consistently honoured all coupon payments and obligations under the restructured bonds — a development he said demonstrates fiscal discipline and renewed credibility in debt management.
The statement also conveyed appreciation from President John Dramani Mahama’s administration to Ghanaians for their patience and cooperation throughout the challenging restructuring period.
