- Gov't releases GH₵6.081bn to settle bondholders
- Additional GH₵9.7bn allocated for upcoming coupon payments
- 2025 Budget to focus on fiscal discipline
The Ministry of Finance has allocated GH₵6.081 billion to settle all bondholders under the Domestic Debt Exchange Programme (DDEP), following a directive from President John Mahama to clear outstanding coupons and establish a financial buffer through the Sinking Fund.
Alongside this payment, a Payment-In-Kind (PIK) portion amounting to GH₵3.46 billion has been credited to bondholders’ securities accounts, in accordance with the terms set out in the DDEP Memorandum.
A statement issued by Presidential Spokesperson Felix Kwakye Ofosu explained that an additional GH₵9.7 billion has been set aside as a buffer for the fifth coupon, which is scheduled to be paid in July and August 2025.
The statement reaffirmed President Mahama’s commitment to fulfilling all obligations under the DDEP and emphasized efforts to restore confidence in the nation’s economy.
The statement also highlighted that the upcoming 2025 Budget will introduce further measures to ensure fiscal discipline, prioritize spending, and promote greater transparency in public financial management.
