“Your cash is ready, come for your money” – Ato Forson announces early redemption of GH¢29bn DDEP bonds

Finance Minister Dr Cassiel Ato Forson has announced the early redemption of GH¢29 billion in Domestic Debt Exchange Programme (DDEP) bonds due in February 2027, assuring bondholders that their money is ready for collection.

According to him, the redemption takes effect on Thursday, November 12, 2026.

Presenting the 2027 Budget in Parliament, Dr Forson said the government had accumulated enough funds to cover the full principal repayment of the February 2027 bonds and invited holders to take up the early redemption offer.

“I therefore announce the early redemption, effective today, the 12th of November 2026, of the GH¢29 billion in bonds due in February 2027,” he said.

The Minister appealed to holders of the affected bonds to accept the offer, declaring: “To holders of the February 2027 DDEP bonds, this early redemption offer is there for you, and I invite you to take it.”

“I repeat, to every DDEP bondholder whose bond falls due in February 2027, hear me clearly: your cash is ready. Come for your money,” he added.

The Minister said the Cedi Sinking Fund Account held GH¢29 billion as of November 11, 2026, which was sufficient to cover the full principal amount falling due in February.

He explained that the February 2027 DDEP obligations amounted to GH¢40.1 billion, comprising GH¢29 billion in principal and GH¢11.1 billion in interest.

He noted that a further GH¢12.5 billion in DDEP obligations, made up of GH¢3.3 billion in principal and GH¢9.2 billion in interest, will fall due in August 2027, bringing the government's total DDEP obligations for February and August 2027 to approximately GH¢53 billion.

Dr Forson said the government was also building sufficient buffers in the Debt Service Reserve Account to meet the GH¢11.1 billion interest payment due in February 2027, as well as subsequent interest obligations.

He assured other DDEP bondholders that the government remained committed to honouring its obligations.

“Now 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 Finance Minister also reported that on August 18, 2026, the government paid GH¢10.8 billion to DDEP bondholders, covering the seventh coupon and third full cash payment. This brought total payments to the bondholders since 2025 to GH¢41.36 billion.

He further said the government paid US$700 million to Eurobond holders on July 2, 2026, bringing total payments to that group since 2025 to US$2.1 billion.

Dr Forson added that the government had met all its obligations to bondholders who did not participate in the Domestic Debt Exchange Programme.