The Ghanaian government, under the directive of President John Dramani Mahama, has honored payments to bondholders under the Domestic Debt Exchange Programme (DDEP), signaling its commitment to economic stability and market confidence.
The Ministry of Finance has disbursed GH₵6.081 billion as the Payment-In-Cash (PIC) coupon to all DDEP bondholders.
Additionally, the Payment-In-Kind (PIK) portion of GH₵3.46 billion has been deposited into bondholders’ securities accounts, in accordance with the DDEP Memorandum.
To further safeguard future obligations, the government has allocated GH₵9.7 billion into the Debt Service Recovery Cedi Account, commonly referred to as the Sinking Fund.
This serves as a financial buffer for the fifth DDEP coupon, scheduled for maturity in July and August 2025.
President Mahama reaffirmed his administration’s commitment to honouring all debt obligations, improving fiscal responsibility, and enhancing transparency in public finances.
He emphasized that the 2025 Budget Statement will introduce additional measures aimed at restoring market confidence, prioritizing spending, and ensuring economic resilience.
The government has pledged to restore fiscal discipline while ensuring that every pesewa is accounted for.
Despite inheriting economic challenges from the previous administration, the Mahama-led government remains focused on stabilizing the Cedi, controlling inflation, and creating employment opportunities for Ghana’s youth.
