The Ministry of Finance, on Monday, February 17, 2025, successfully honored the Payment-In-Cash (VIC) coupon of GH¢6.081 billion to all bondholders under the Domestic Debt Exchange Programme (DDEP).

This action aligns with a directive issued by President John Mahama, reaffirming the government’s commitment to fulfilling its financial obligations.

Additionally, the government has settled the Pay-In-Kind (PIK) portion of GH¢3.46 billion, which has been deposited into the respective bondholders’ securities accounts in accordance with the terms outlined in the DDEP Memorandum.

To further strengthen debt management and enhance investor confidence, the government has allocated GH¢9.7 billion into the Debt Service Recovery Cedi Account (Sinking Fund). This buffer is intended to support the upcoming 5th DDEP coupon payments scheduled for July and August 2025.

A statement signed by Presidential Spokesperson Felix Kwakye Ofosu emphasized President Mahama’s unwavering commitment to meeting all obligations under the DDEP.

“Through the 2025 budget statement, the government will announce additional measures aimed at restoring market confidence, improving spending efficiency, and enhancing transparency and accountability in public finance,” the statement read.

The statement further highlighted that, despite inheriting a challenging economic situation from the previous administration, the government remains determined to restore fiscal discipline.

Key priorities include stabilizing the cedi, controlling rising inflation, and fostering job creation to support the country’s youth.