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A recent public debate triggered by a Citi News report suggesting that Ghana’s debt service obligations could rise sharply again from 2027 has reopened discussion around the Domestic Debt Exchange Programme (DDEP) and its long-term impact on the economy. Commenting on the issue, Yaw Ohemeng argued that many Ghanaians never fully understood the structure and effect of the DDEP. In his view, apart from the Bank of Ghana, the programme was not principally about outright principal haircuts for most domestic bondholders, but rather about postponing debt servicing obligations, reducing coupon payments, extending maturities, restructuring state-related liabilities, and creating the fiscal breathing space needed to prevent a deeper sovereign crisis.
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