The government has accumulated GH¢29 billion to repay the principal on Domestic Debt Exchange Programme (DDEP) bonds falling due in February 2027 and plans to redeem the bonds ahead of schedule.
Finance Minister Dr Cassiel Ato Forson said the Cedi Sinking Fund held GH¢29 billion as of November 11, 2026, sufficient to cover the principal payment due on February 16, 2027.
Presenting the 2027 Budget Statement to Parliament on Thursday, November 12, he announced an early redemption offer, effective immediately, inviting holders of the February 2027 DDEP bonds to collect their principal before the maturity date.
“To holders of the February 2027 DDEP bonds, this early redemption offer is there for you, and I invite you to take it,” he said.
“I repeat, to every DDEP bondholder whose bond falls due in February 2027, hear me clearly: your cash is ready. Come for your money.”
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The government is, however, still building additional funds to meet the GH¢11.1 billion interest payment due on February 16.
The February obligations form part of GH¢53 billion in DDEP payments scheduled for 2027. A further GH¢12.5 billion falls due in August, comprising GH¢3.3 billion in principal and GH¢9.2 billion in interest.
For its external debt obligations, Dr Forson said the US Dollar Sinking Fund held US$480 million as of November 11.
The government expects the balance to increase to about US$600 million by December to finance a US$590 million Eurobond payment due on January 2, 2027.
Another US$580 million Eurobond obligation falls due on July 2, 2027.
The minister said the government had paid GH¢41.36 billion to DDEP bondholders since 2025, while payments to Eurobond holders over the same period had reached US$2.1 billion.
He assured investors that all outstanding principal and interest obligations would be settled in full and on time.
“To every other DDEP bondholder, hear me clearly: every cedi owed to you, principal and interest, will be paid in full and on time,” he said.
The planned early repayments are intended to reduce the government’s debt obligations falling due in 2027.
Dr Forson also announced financing and borrowing reforms aimed at preventing a recurrence of the debt crisis that led to the restructuring.
