In a significant move to restore fiscal prudence and market confidence, the Government of Ghana has honoured the 4th Domestic Debt Exchange Programme (DDEP) coupon, paying out GHS6.081 billion to bondholders. This development comes after President John Dramani Mahama directed the Ministry of Finance to settle the DDEP coupons and build debt buffers through a Sinking Fund arrangement.
In addition to the cash payment, the Government has also deposited GHS3.46 billion into the respective bondholders’ securities accounts, in line with the DDEP Memorandum. Furthermore, a buffer of GHS9.7 billion has been paid into the Debt Service Recovery Cedi Account (Sinking Fund) to prepare for the 5th DDEP coupon, due in July and August 2025.
President Mahama has reaffirmed his commitment to honouring all obligations under the DDEP. The Government aims to restore fiscal prudence, ensure value for every pesewa spent, and bring back a stable Cedi. Despite the challenging economic landscape inherited from the previous administration, the Government is determined to control spiralling inflation and create jobs for the youth.
Through the 2025 budget statement, the Government will announce additional measures to restore market confidence, prioritise spending, and improve transparency and accountability in public finances. As the Government works to overcome the current economic challenges, it remains committed to building a stronger, more resilient economy for all Ghanaians.
Ruth Abla ADJORLOLO
