• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

GHS 2.4bn coupon payment testament of Gov’t’s success, credibility of debt exchange operations – Dep. Finance Minister

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
96
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

GHS 2.4bn coupon payment testament of Gov’t’s success, credibility of debt exchange operations – Dep. Finance Minister

The Deputy Finance Minister, Dr. John Kumah, has highlighted the government’s dedication to the Domestic Debt Exchange Programme (DDEP) following the successful settlement of the first coupon payment for affected bonds. Dr. Kumah expressed his views during an interview with Citi FM in Accra, emphasizing the significance of this accomplishment in solidifying the government’s commitment to the program’s success.

Dr. Kumah remarked, “This is a confirmation of the government’s commitment to the continued success and credibility of the domestic debt operations that the government undertook in the early part of the year.” He went on to underscore the positive impact of this action on market confidence, affirming that the government will steadfastly uphold its responsibilities concerning debt operations and restructuring.

Assuring stakeholders and bondholders, Dr. Kumah reiterated the government’s pledge to meet its obligations for forthcoming coupon payments. “Let me assure you and to assure all bondholders that government is committed to its obligation and as soon as all coupons are due, government will respect its obligations,” he affirmed.

The Ministry of Finance initiated the settlement process for the first coupon payment of bonds affected by the domestic debt exchange program. This round of matured coupons, totaling GH¢2.4 billion, has already been cleared for settlement.

The Domestic Debt Exchange Programme was introduced in 2022 with the goal of restructuring Ghana’s unsustainable debt load. Eligible bondholders were presented with the option to swap their old bonds for new ones with extended maturities and reduced interest rates. The agreed coupon payment for the affected bonds was set at 5%, lower than the rates on the old bonds.

Initially, market concerns lingered regarding the government’s ability to fulfill the 5% coupon payment. The Ministry of Finance has assuaged these uncertainties, highlighting that the successful coupon settlement affirms the government’s commitment to the ongoing success and credibility of the country’s domestic debt operations.

RelatedPosts

Government Orders Flags at Half-Mast as Nation Mourns Defence and Environment Ministers in Helicopter Crash

Defence Minister and Environment Minister Among 8 Confirmed Dead in Military Helicopter Crash

Serie A Players Face 25% Pay Cut if Relegated Under New Agreement

Furthermore, the Ministry noted that the new bonds issued under the DDEP now command a prominent position within the domestic bond market, underscoring the program’s transformative influence on the financial landscape.

Tags: credibility of debt exchange operations - Dep. Finance MinisterDDEPdebt operationsGHS 2.4bn coupon payment testament of Gov't's successJohn Kumah
No Result
View All Result

Highlights

Osaka and Keys Advance to Quarter-Finals at Canadian Open

Ghana Armed Forces Helicopter Crashes in Adansi Akrofuom, 8 Feared Dead 

Cedi Appreciation Triggers 50% Drop in Remittance Inflows

Inflation Drops 160 basis points to 12.1% in July, Lowest Rate Since October 2021

Kwaku Azar Writes: Is Another SML Brewing at GACL?

GRA Refutes NIA’s Debt Claims, Cites Lack of Regulatory Approval and Service Agreement

Trending

Features

Government Orders Flags at Half-Mast as Nation Mourns Defence and Environment Ministers in Helicopter Crash

August 6, 2025

Government Orders Flags at Half-Mast as Nation Mourns Defence and Environment Ministers in Helicopter Crash Ghana has...

Defence Minister and Environment Minister Among 8 Confirmed Dead in Military Helicopter Crash

August 6, 2025

Serie A Players Face 25% Pay Cut if Relegated Under New Agreement

August 6, 2025

Osaka and Keys Advance to Quarter-Finals at Canadian Open

August 6, 2025

Ghana Armed Forces Helicopter Crashes in Adansi Akrofuom, 8 Feared Dead 

August 6, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.