Government of Ghana Settles DDEP Bondholders

Government of Ghana Settles DDEP Bondholders through Payment-In-Cash (PIC) coupon of GH56.081 billion to all Domestic Debt Exchange Programme (DDEP) bondholders.

President Mahama directs Ministry of Finance to settle DDEP Coupons and build debt buffers through Sinking Fund.

Following a directive from President John Dramani Mahama, the Ministry of Finance has today, 17th February 2025, honoured the Payment-In-Cash (PIC) coupon of GH56.081 billion to all Domestic Debt Exchange Programme (DDEP) bondholders.

Government has also honoured the Payment-In-Kind (PIK) portion of GHS3.46 billion, deposited into the respective bondholders' securities accounts in line with the DDEP Memorandum.

Additionally, Government has also paid into the Debt Service Recovery Cedi Account (Sinking Fund) an amount of GHS9.7 billion as a buffer for the 5th DDEP coupon that will fall due in July and August, 2025.

President Mahama is committed to the government's honouring of all obligations under the DDEP. Through the 2025 budget Statement, Government will announce further measures that will help to restore market confidence in the economy, prioritise spending and improve transparency and accountability in public finances.

Ultimately, Government seeks to restore fiscal prudence while ensuring value for every pesewa spent. Despite the challenging economy that was bequeathed by the previous administration, Government is determined to bring back a stable Cedi, control spiralling inflation and create jobs for the teeming youth of our country.

Felix Kwakye Ofosu, MP.

Spokesperson to the President, Minister, Government Communications.

A copy of the official communique can be found here.

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