NEWS

Ghana Gov’t Releases GH₵6.08B to DDEP Bondholders, Boosts Trust

Ghana Government Disburses GH₵6.08 Billion to DDEP Bondholders, Reinforces Fiscal Commitment

The Ghanaian government has paid out GH₵6.081 billion in Payment-In-Cash (PIC) coupons to bondholders as part of the Domestic Debt Exchange Program (DDEP). According to the Ministry of Finance, the payment was made on Monday, February 17, 2025, in accordance with the debt restructuring framework’s agreements.

The government has also paid GH₵3.46 billion in Payment-In-Kind (PIK) obligations, which have been credited to the securities accounts of the respective bondholders in accordance with the DDEP Memorandum. The goal of this action is to preserve investor trust and guarantee the stability of Ghana’s financial markets.

The government has set aside GH₵9.7 billion for the Debt Service Recovery Cedi Account, sometimes referred to as the Sinking Fund, in order to further fortify debt management plans. The fifth DDEP coupon payment is planned for July and August of 2025, and this fund will serve as a financial cushion for it.

Felix Kwakye Ofosu, the President’s spokesperson and minister of government communications, reaffirmed President John Dramani Mahama’s commitment to fiscal prudence and economic stability while discussing the government’s financial plan. He gave the public his word that more steps would be taken in the next 2025 Budget Statement to boost financial management transparency, reduce government spending, and restore market confidence.

“Despite the economic challenges inherited from the previous administration, this government remains committed to stabilizing the Ghanaian cedi, curbing inflation, and creating employment opportunities for the youth,” Ofosu stated.

The government’s recent actions signal a broader effort to reinforce fiscal prudence while ensuring that all financial obligations under the DDEP are met. Investors and economic stakeholders are encouraged to monitor upcoming budgetary measures that will define the country’s economic recovery trajectory.