Govt settles $700 million Eurobond debt

DDEP On December 4, 2022, the New Patriotic Party (NPP) government launched the Domestic Debt Exchange Programme (DDEP) in a bid to restructure domestic bonds of about GH¢137 billion.1 billion to Eurobond holders since January last year, in accordance with the terms of the Eurobond Debt Exchange Programme, part of the country's debt treatment programme.

The government, at the beginning of the year, promised that it would build on the achievement by intensifying reforms in domestic revenue mobilisation, public financial management and public debt management, while continuing to strengthen fiscal buffers to sustainably finance national development priorities.