President John Dramani Mahama has issued a directive to the Ministry of Finance to honour the Payment-in-Cash(PIC) coupon of GHS 6.01 billion to all Domestic Debt Exchange Programme(DDEP) bondholders. Government has also honoured Payment-in-Kind (PIK) portion of GHS3.46 billion, deposited into the respective bondholders’ securities accounts in line with DDEP Memorandum.
This announcement was made in a press release on February 17, 2025 by Spokesperson to the President Felix Ofosu Kwaakye.
Additionally, Government has also paid into the Debt Service Recovery Cedi Account(Sinking Fund) an amount of GHS 9.7 billions a buffer for the 5th DDEP coupon that will fall due in July and August, 2025.
He also added that government seeks to restore fiscal prudence while ensuring value for every pesewa spent. “Despite the challenging economy that was bequeathed by the previous administration, Government is determined to bring back a stable cedi, control spiralling inflation and create jobs for the teeming youth of our country”, he assured.
