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0 The government has successfully settled the 4th Domestic Debt Exchange Programme (DDEP) coupon, demonstrating its commitment to meeting financial obligations and restoring confidence in the economy.
In a statement released on Monday, February 17, 2025, Felix Kwakye Ofosu, Minister for Government Communications and Spokesperson to the President, confirmed that the Ministry of Finance, following a directive from President John Dramani Mahama, has honoured the Payment-In-Cash (PIC) coupon of GHS6.081 billion to all DDEP bondholders.
Additionally, the government has settled the Payment-In-Kind (PIK) portion of GHS3.46 billion, which has been deposited into bondholders’ securities accounts in line with the DDEP Memorandum.
According to the statement, to ensure smooth settlement of future obligations, the government has also taken proactive steps by allocating GHS9.7 billion into the Debt Service Recovery Cedi Account (Sinking Fund) as a buffer for the 5th DDEP coupon, which is set to mature in July and August 2025.
Kwaku Ofosu emphasized President Mahama’s dedication to honouring all DDEP commitments, reassuring investors and the financial sector of the government’s fiscal responsibility.
He noted that additional measures would be outlined in the 2025 Budget Statement to further strengthen market confidence, enhance transparency, and prioritize prudent public spending.
Read the minister’s statement on the payment below:
The post Government pays 4th DDEP coupon, sets aside GHS9.7Bn for 5th coupon – Felix Kwakye Ofosu first appeared on 3News.
