The Ministry of Finance has released GH₵6.081 billion to settle all bondholders under the Domestic Debt Exchange Programme (DDEP).
This follows President John Mahama’s directive to clear outstanding coupons and build a financial buffer through the Sinking Fund.
Additionally, a Payment-In-Kind (PIK) portion of GH₵3.46 billion has been credited to bondholders’ securities accounts, in line with the terms outlined in the DDEP Memorandum.
Financial Buffer for Upcoming Payments
A statement signed by Presidential Spokesperson Felix Kwakye Ofosu explained that an additional GH₵9.7 billion has been allocated as a buffer for the fifth coupon, which is due in July and August 2025.
The statement reaffirmed President Mahama’s commitment to meeting all obligations under the DDEP while working to restore confidence in the economy.
2025 Budget to Focus on Fiscal Discipline
It further indicated that the upcoming 2025 Budget Statement will introduce additional measures to ensure fiscal discipline, prioritize spending, and enhance transparency in public financial management.
ALSO READ:
- Ato Forson pledges to address challenges of Domestic Debt Exchange Programme
Eurobond Debt Exchange Programme: Gov’t secures more than 90% participation
Read the full statement below:
