Ghana Settles GHS 6.08bn Domestic Debt Coupon as Mahama Administration Moves to Restore Market Confidence
The government of Ghana has honoured a GHS6.081 billion Payment-In-Cash (PIC) coupon to all bondholders under the Domestic Debt Exchange Programme (DDEP), following a directive from President John Dramani Mahama.
In addition to the cash payment, the Ministry of Finance has also fulfilled the Payment-In-Kind (PIK) obligation of GHS3.46 billion, which has been credited to bondholders’ securities accounts in line with the terms outlined in the DDEP Memorandum.
Furthermore, the government has deposited GHS9.7 billion into the Debt Service Recovery Cedi Account, commonly known as the Sinking Fund, to serve as a buffer for the fifth DDEP coupon payment due in July and August 2025.
A statement issued on Monday, February 17, 2025, by Felix Kwakye Ofosu, Spokesperson to the President and Minister for Government Communications, reaffirmed President Mahama’s commitment to meeting all obligations under the DDEP.
“Through the 2025 Budget Statement, the government will announce further measures aimed at restoring market confidence, prioritising spending, and improving transparency and accountability in public finances,” the statement noted.
Despite prevailing economic challenges inherited from the previous administration, the government remains focused on stabilising the Cedi, controlling inflation, and fostering job creation, Kwakye Ofosu added.
The payments mark a critical step in the administration’s broader efforts to rebuild investor confidence and sustain Ghana’s economic recovery.
