The Ministry of Finance has announced the expiration of restrictions on new domestic bond issuance, marking a significant step in Ghana’s post-debt restructuring recovery efforts.

In a press release issued in Accra on Monday, March 2, 2026, the Ministry explained that the three-year restriction was introduced in 2023 following the government’s debt default and the implementation of the Domestic Debt Exchange Programme (DDEP).

The measure was aimed at preventing the issuance of new bonds during the restructuring period.

According to the Ministry, the decision to lift the restrictions comes at a time when inflation has declined, investor confidence has improved, and the macroeconomic environment has strengthened.

Officials noted that the government’s robust medium-term debt management strategy and the buildup of financial buffers have also supported the move.

The statement further highlighted that since 2025, the government has honoured all coupon payments and obligations under the restructured bonds, underscoring its commitment to fiscal discipline and responsible debt management.

With the expiration of the restrictions, the government is expected to reduce its reliance on short-term Treasury bills to finance the budget and resume the issuance of longer-dated domestic bonds.

The administration of President John Dramani Mahama expressed gratitude to Ghanaians for their patience and cooperation during the challenging period of economic adjustment