The Ministry of Finance, under the directive of President John Dramani Mahama, has settled the Payment-In-Cash (PIC) coupon of GH¢6.081 billion to all Domestic Debt Exchange Programme (DDEP) bondholders.
The Ministry of Finance made the payments on Monday, February 17, 2025, as part of efforts to honor financial commitments and restore confidence in the economy.
According to a statement signed by Felix Kwakye Ofosu, the Minister of State in Charge of Government Communications, the government aims to restore fiscal discipline while ensuring efficient use of public funds.
Despite economic challenges inherited from the previous administration, President Mahama’s government remains determined to stabilise the Cedi, control inflation, and create jobs for the youth.
In addition to the payment to the bondholders, the government fulfilled the Payment-In-Kind (PIK) obligation by depositing GH¢3.46 billion into bondholders’ securities accounts, in line with the DDEP Memorandum.
To further strengthen debt management, an amount of GH¢9.7 billion has been paid into the Debt Service Recovery Cedi Account (Sinking Fund) to serve as a buffer for the fifth DDEP coupon, which is due in July and August 2025.
President Mahama reaffirmed his administration’s commitment to honoring all obligations under the DDEP. He noted that the 2025 Budget Statement will outline additional measures to enhance market confidence, improve financial transparency, and prioritize responsible spending.
