Good news for “by-force haircut recipients”: Your cash is ready; come for it in full: Ato Forson announces
Good news for “by-force haircut recipients”: Your cash is ready; come for it in full: Ato Forson announces
Domestic bondholders affected by Ghana’s 2022–2023 debt restructuring exercise have received major financial relief after Finance Minister Dr. Cassiel Ato Forson announced the immediate early redemption of GH¢29 billion in Domestic Debt Exchange Programme (DDEP) bonds originally scheduled to mature in February 2027.
Delivering the 2027 Budget Statement to Parliament on Thursday, November, 12, 2026, Dr. Forson declared that the government had successfully accumulated the full principal amount in its dedicated Cedi Sinking Fund Account as of November 11, 2026, enabling investors to claim their payouts three months ahead of schedule.
“To every DDEP bondholder whose bond falls due in February 2027, hear me clearly: your cash is ready. Come for your money!” the Minister told lawmakers, confirming that the early redemption offer takes effect immediately.
The GH¢29 billion payout covers the full principal due on February 16, 2027, while the Ministry of Finance continues building reserves in the Debt Service Reserve Account to settle the accompanying GH¢11.1 billion in interest on the due date.
Dr. Forson further assured all remaining DDEP investors, who collectively face roughly GH¢53 billion in scheduled maturities across February and August 2027, that every cedi owed in both principal and interest will be paid in full and on time.
Beyond domestic obligations, the Finance Minister disclosed that the government has built up US$480 million in its US Dollar Sinking Fund toward a US$600 million target by December.
The buffer will allow Ghana to clear its US$590 million Eurobond obligation due on January 2, 2027, ahead of schedule by December 31, 2026, bringing total early debt clearance to over GH¢36 billion before year-end.
Market analysts view the early settlement as a decisive step toward restoring confidence in Ghana’s fixed-income market and easing liquidity pressures across commercial banks, pension funds, and individual retail investors who endured steep maturity extensions during the crisis.
