Finance Ministry affirms 80% participation in debt exchange programme

Ghana’s government has exceeded its target of 80% participation in the Domestic Debt Exchange Program (DDEP), according to the Finance Ministry.

The voluntary program was designed to tackle the country’s economic crisis and guarantee sustainable growth and prosperity for the Ghanaian people.

The government thanked bondholders for their overwhelming support and encouraged participation as a crucial act of burden-sharing.

The DDEP will help protect the economy and enhance the country’s capacity to service its public debts effectively.

The government reassured individual bondholders that elected not to participate that their coupon payments and maturing principals would be honored in line with the government’s fiscal commitments.

The government expressed its gratitude to those who participated in securing an improved offer and pledged to honor its fiscal commitments to all bondholders.