Former Finance Minister Calls for Monthly Disclosure of Ghana’s Sinking Fund Ahead of DDEP Repayments
Dr Mohammed Amin Adam, former Finance Minister, urges monthly disclosure of Ghana’s Sinking Fund activities.
In Brief
- •Dr Mohammed Amin Adam, former Finance Minister, urges monthly disclosure of Ghana’s Sinking Fund activities.
- •The fund balance was GH¢15.6 billion on 22 July 2026, with a year‑end projection of GH¢30 billion.
- •Ghana will face DDEP principal repayments of GH¢58 billion in 2027 and GH¢53 billion in 2028, totaling GH¢111 billion over two years.
- •Prefunding the fund could smooth repayment burden but may add borrowing costs if returns lag debt costs.
- •Disclosure should include inflows, investments, returns, borrowing proportion, and planned drawdowns.
Why It Matters
The Domestic Debt Exchange Programme (DDEP) represents a major restructuring of Ghana’s sovereign debt, with repayments totaling over GH¢111 billion in 2027‑28. Transparent monitoring of the Sinking Fund—created to accumulate cash for these repayments—will help investors and the public assess whether the country is adequately preparing for the repayment cliff and managing costs effectively. Adequate disclosure can also bolster market confidence and support Ghana’s broader economic stability.
Key Details
- Fund Balance (22 Jul 2026)
- GH¢15.6 billion
- Year‑End Projection
- GH¢30 billion
- DDEP 2027 Principal Repayment
- GH¢58 billion
- DDEP 2028 Principal Repayment
- GH¢53 billion
- Total DDEP Repayments 2027‑28
- GH¢111 billion
Context & Background
The Domestic Debt Exchange Programme (DDEP) is a Ghanaian initiative to restructure sovereign debt, with significant principal repayments scheduled for 2027 and 2028. The Sinking Fund was established to accumulate cash for these obligations.
Original Reporting & Sources
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