KwasiTunTum Media

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. ...

FINANCE MINISTER, DR. CASSIEL ATO FORSON, Ph.D., INAUGURATES TECHNICAL COMMITTEE TO DRAFT A LEGAL FRAMEWORK FOR THE ESTABLISHMENT OF THE GHANA GOLD BOARD (GOLDBOD). The government of Ghana through the ministry of finance has on 27TH JANUARY, 2025 set up a committee to see to it that Ghana Gold Board is established and stabilises the country's finance. 1. Distinguished members of the press, I warmly welcome you this afternoon to the Ministry of Finance. 2. Today, we gather to inaugurate a Technical Committee tasked with developing the legal and operational framework, particularly the drafting of a Bill for the establishment of the Ghana Gold Board (GoldBod). 3. The GoldBod is a flagship initiative envisioned by His Excellency President John Dramani Mahama for economic revitalization.  4. It seeks to serve as a vehicle for achieving currency stability through the structured purchasing and management of Ghana’s gold resources. 5. As Africa’s leading gold producer, Ghana derives subst...