The government has successfully completed the payment of the 4th Domestic Debt Exchange Programme (DDEP) coupon, signaling its dedication to fulfilling financial commitments and restoring confidence in the economy.
In a statement issued on Monday, February 17, 2025, Felix Kwakye Ofosu, Minister for Government Communications and Spokesperson for the President, confirmed that the Ministry of Finance, following instructions from President John Dramani Mahama, has paid a Payment-In-Cash (PIC) coupon of GHS 6.081 billion to all DDEP bondholders.
As part of President Mahama’s directive, the Ministry of Finance has also credited a Payment-In-Kind (PIK) portion of GHS 3.46 billion to the bondholders’ securities accounts, in accordance with the terms of the DDEP Memorandum.
Additionally, the government has strengthened its debt management strategy by depositing GHS 9.7 billion into the Debt Service Recovery Cedi Account (Sinking Fund), creating a financial buffer to cover the next five DDEP coupon payments, which are due in July and August 2025.
President Mahama reaffirmed his administration’s commitment to meeting all DDEP obligations while working to restore economic stability. He also mentioned that the upcoming 2025 Budget Statement would introduce further measures aimed at ensuring fiscal discipline, prioritizing spending, and enhancing transparency in public financial management.
