The Finance Minister, Dr. Mohammed Amin Adam, has reported progress in paying investors following the completion of the Domestic Debt Exchange Programme (DDEP) in September 2023.
He noted that, the third coupon payment is scheduled for August 2024, demonstrating the government’s commitment to meeting its financial obligations.
In his Mid-Year Budget Review presentation to Parliament, Dr. Adam detailed the government’s achievements, including the successful execution of the first two coupon payments.
This includes the second payment of approximately 5.9 billion Ghana Cedis made in February 2024.
“I am pleased to report that government has made substantial progress since the completion of the Domestic Debt Exchange Programme (DDEP) in September 2023.
“We have successfully honoured two coupon payments, with the second payment of about 5.9 billion Ghana Cedis in February 2024. Furthermore, we are on track to make the third coupon payment of 6.1 billion Ghana Cedis in August 2024,” he noted.
Dr. Amin Adam said the payment of the third coupon would boost confidence in the country’s economy.
“The timely payments of these coupons will undoubtedly improve investor confidence in the domestic market and bolster the overall economy,” he added.
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