The Minister for Finance, Dr Cassiel Ato Forson, has stated that Ghana’s Domestic Debt Exchange Programme (DDEP) was strategically designed to ease the country’s debt burden by ensuring that major repayments fall due in 2027 and 2028.
He made this revelation while presenting the 2025 Budget Statement to Parliament on Tuesday, 11th March.
According to Dr Forson, the restructuring of Ghana’s domestic debt was a necessary measure to create fiscal space and enable the government to manage its financial obligations effectively.
“The DDEP was structured in a way that allows Ghana to make significant repayments in 2027 and 2028, providing the country with much-needed relief in the short term,” he explained.
He further noted that the arrangement was crucial in ensuring debt sustainability and preventing a recurrence of economic instability.
He assured Parliament that the government remains committed to implementing prudent financial policies to manage the nation’s debt responsibly while fostering economic growth.
Dr Forson emphasized that while the DDEP had its challenges, it was an essential step towards stabilizing Ghana’s economy.
“This strategy is key to ensuring that Ghana meets its future debt obligations without compromising fiscal stability,” he stated.
The government, he added, would continue engaging relevant stakeholders to ensure a sustainable and well-managed debt repayment framework
