In a decisive move to restore investor confidence and demonstrate fiscal responsibility, the government has successfully settled the fourth Domestic Debt Exchange Programme (DDEP) coupon.
Minister for Government Communications and Presidential Spokesperson Felix Kwakye Ofosu announced on Monday, February 17, 2025, that the Ministry of Finance had fulfilled President John Dramani Mahama’s directive to pay GHS6.081 billion in cash to all DDEP bondholders.
Additionally, the government has settled the Payment-In-Kind (PIK) portion of GHS3.46 billion, which has been credited to bondholders’ securities accounts in accordance with the DDEP Memorandum.
To ensure the smooth settlement of future obligations, the government has also set aside GHS9.7 billion in the Debt Service Recovery Cedi Account (Sinking Fund) as a buffer for the upcoming 5th DDEP coupon, scheduled to mature in July and August 2025.
Kwakye Ofosu reaffirmed President Mahama’s commitment to fulfilling all DDEP commitments, emphasizing that additional fiscal measures will be detailed in the 2025 Budget Statement.
“This government is determined to enhance market confidence, ensure transparency, and prioritize prudent public spending,” he stated.
The settlement marks a significant step in stabilizing Ghana’s financial sector amid ongoing economic challenges.
Read the minister’s statement on the payment below:
