Over the past few months, the Domestic Debt Exchange Programme (DDEP) has reshaped the economic landscape, challenging long-held assumptions about the security of government instruments.
The programme, aimed at restructuring Ghana's debt to ensure fiscal sustainability, has had profound implications.
In a recent discussion on Joy News’ PM Express Business Edition, financial expert Vish Ashiagbor said traditionally, government bonds were considered virtually risk-free, backed by the sovereign guarantee that the state would always be able to meet its debt obligations.
This perception, he said, has been deeply ingrained in financial markets worldwide, where institutions and individual investors alike view government bonds as a safe haven.