Gov’t Pays GHS6.08bn to Bondholders, Boosts Debt Recovery Fund
Mahama’s administration reaffirms commitment to bondholders, prioritizing debt obligations and fiscal stability amid economic challenges
- Government settles cash coupon payments for DDEP bondholders
- Sinking Fund boosted to cover July-August 2025 debt obligations
- Plans in 2025 budget to restore market confidence and stability
In compliance with a directive from President John Dramani Mahama, the Ministry of Finance has disbursed GHS6.081 billion in cash to bondholders under the Domestic Debt Exchange Programme (DDEP).
Additionally, the government has fulfilled the Payment-In-Kind (PIK) obligation of GHS3.46 billion, which has been credited to bondholders’ securities accounts as per the DDEP Memorandum.
To further reinforce debt servicing, the government has allocated GHS9.7 billion to the Debt Service Recovery Cedi Account (Sinking Fund), serving as a buffer for the fifth DDEP coupon payment due in July and August 2025.
Felix Kwakye Ofosu, Spokesperson to the President and Minister of Government Communications, confirmed this in a statement issued on Monday, February 17, 2025. He emphasized President Mahama’s commitment to meeting all DDEP obligations.
He further assured that the upcoming 2025 budget will introduce measures to restore market confidence, improve fiscal transparency, and ensure prudent spending. Despite economic challenges inherited from the previous administration, the government remains dedicated to stabilizing the cedi, curbing inflation, and fostering job creation.
