Govt Pays ₵6.081 Billion to DDEP Bondholders
The Government has announced the payment of GH₵6.081 billion to Domestic Debt Exchange Programme (DDEP) bondholders.
A statement by the Spokesperson to President John Dramani Mahama said the Payment-In-Cash (PIC) coupon was paid on February 17 at the instance of the head of state.
“Following a directive from President John Dramani Mahama, the Ministry of Finance has today, 17 February 2025, honoured the Payment-In-Cash (PIC) coupon of GHS6.081 billion to all Domestic Debt Exchange Programme (DDEP) bondholders.”
Additionally, Felix Ofosu Kwakye’s statement announced a payment-In-Kind (PIK) portion of GHS3.46 billion, deposited into the respective bondholders’ securities accounts in line with the DDEP Memorandum.
It further disclosed payment into the Debt Service Recovery Cedi Account (Sinking Fund) an amount of GHS9.7 billion as a buffer for the 5th DDEP coupon that will fall due in July and August, 2025.
This, the government indicated reflects its commitment to all obligations under the DDEP.
It plans to announce further measures that will restore market confidence in the economy, prioritise spending and improve transparency and accountability in public finances.
“Ultimately, Government seeks to restore fiscal prudence while ensuring value for every pesewa spent. Despite the challenging economy that was bequeathed by the previous administration, Government is determined to bring back a stable Cedi, control spiralling inflation and create jobs for the teeming youth of our country.”
Source: opemsuo.com/Hajara Fuseini
