Finance Minister Dr. Cassiel Ato Forson has revealed that Ghana’s Domestic Debt Exchange Programme (DDEP) was strategically structured to push major debt repayments to 2027 and 2028, providing short-term financial relief.
Presenting the 2025 Budget Statement to Parliament on March 11, Dr. Forson explained that the restructuring was necessary to create fiscal space and improve the government’s ability to manage its financial commitments effectively.
“The DDEP was designed to allow Ghana to make significant repayments in 2027 and 2028, providing much-needed relief in the interim,” he stated.
He emphasized that this approach is crucial for ensuring debt sustainability and preventing future economic instability.
Dr. Forson reassured Parliament of the government’s commitment to implementing prudent financial policies that balance debt management with economic growth.
While acknowledging the challenges associated with the DDEP, he stressed its role in stabilizing the economy and ensuring Ghana meets its future debt obligations without compromising fiscal stability.
He added that the government would continue engaging stakeholders to maintain a well-managed debt repayment framework.
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