Ghana has seen some progress with its Domestic Debt Exchange program after a month

One of the initiatives the country established in 2022 was its Domestic Debt Exchange (DDE) program. The program, launched on the 5th of December, serves as an invitation for the voluntary exchange of approximately GHS137 billion of the domestic notes and bonds of the Republic, including E.S.L.A. and Daakye bonds, for a package of New Bonds to be issued by the Republic.

The spillover issues from the Ghanaian economy last year continue to linger despite some of the measures the country had initiated to remedy the compilations.

This DDE program was designed to help Ghana restructure its tremendous debt, which would help the country access the $3 billion loan it has been requesting from the International Monetary Fund for months.