GHANA GOVERNMENT HONOURS 4TH DDEP COUPON, PREPARES FOR 5TH COUPON PAYMENT

The Government of Ghana has successfully honoured the 4th coupon payment under the Domestic Debt Exchange Programme (DDEP), demonstrating its commitment to meeting its financial obligations.

According to a statement from the Ministry of Finance, Ghana, the government made a Payment-In-Cash (PIC) of GHS6.081 billion and a Payment-In-Kind (PIK) of GHS3.46 billion to all DDEP bondholders.

Furthermore, the government has deposited GHS9.7 billion into the Debt Service Recovery Cedi Account, commonly referred to as the Sinking Fund, to prepare for the payment of the 5th DDEP coupon, which is set to mature in July and August 2025.

The successful honoring of the 4th DDEP coupon and the proactive approach to preparing for the 5th coupon payment are seen as positive developments in Ghana’s debt management efforts. The government’s actions are expected to minimize market volatility, restore investor confidence, and prevent future liquidity shortfalls, ultimately ensuring debt sustainability.

A statement signed by Presidential Spokesperson Felix Kwakye Ofosu on Monday February 18, emphasized President Mahama’s unwavering commitment to meeting all obligations under the DDEP.

“Through the 2025 budget statement, the government will announce additional measures aimed at restoring market confidence, improving spending efficiency, and enhancing transparency and accountability in public finance,” the statement read.

The Ministry of Finance, on Monday, February 17, 2025, successfully honored the Payment-In-Cash (VIC) coupon of GH¢6.081 billion to all bondholders under the Domestic Debt Exchange Programme (DDEP). The statement further highlighted that, despite inheriting a challenging economic situation from the previous administration, the government remains determined to restore fiscal discipline.

Key priorities include stabilizing the cedi, controlling rising inflation, and fostering job creation to support the country’s youth.

Stay tuned for more updates on this developing story.

Michael Agbesi Kelly