Sankofaonline News Desk: March 3, 2026.
Ghana’s Ministry of Finance has confirmed the expiration of the three‑year ban on new domestic bond issuance, marking a major turning point in the country’s post‑DDEP recovery and signaling renewed strength in the macroeconomic environment.
The restriction, imposed in 2023 after the debt default that triggered the Domestic Debt Exchange Programme, prevented government from issuing fresh domestic bonds as part of a broader effort to stabilize the economy and rebuild investor confidence. With inflation now significantly lower, market sentiment improving, and fiscal buffers strengthened, the ministry says the conditions are right for a return to normal bond‑market operations.
Officials highlight that since 2025, government has met every coupon and principal obligation on the restructured bonds—an achievement they describe as proof of fiscal discipline and a commitment to responsible debt management. The lifting of the restrictions will allow government to shift away from heavy reliance on short‑term Treasury bills and begin issuing longer‑dated domestic bonds to support more sustainable budget financing.
The administration of President John Dramani Mahama expressed gratitude to Ghanaians for their patience and cooperation throughout the difficult restructuring period, noting that national resilience made this recovery milestone possible.
