President John Dramani Mahama has instructed the Ministry of Finance to settle the outstanding coupons from the Domestic Debt Exchange Program (DDEP) and to create a financial buffer through the sinking fund.
Following this directive, the Ministry of Finance made a cash coupon payment of 6.081 billion cedis to all DDEP bondholders yesterday.
In addition, a payment-in-kind of 3.46 billion cedis has been credited to bondholders’ securities accounts, as outlined in the terms of the DDEP Memorandum.
A statement from the Ministry of Government Communications, signed by Felix Kwakye Ofosu, further revealed that to strengthen debt management, the government has deposited 9.7 billion cedis into the debt service recovery cedi accounts of the sinking fund.
This move aims to serve as a buffer for the next five DDEP coupon payments due in July and August 2025.
The statement also noted that the upcoming 2025 budget will include additional measures focused on ensuring fiscal discipline, prioritizing spending, and improving transparency in public financial management.
The government is committed to restoring fiscal prudence while maximizing value for every pesewa spent, despite the economic challenges inherited from the previous administration.
