Ghana Disburses GH₵6bn to Bondholders as Part of Debt Exchange Program

The Ministry of Finance has successfully disbursed a significant GH₵6.081 billion to bondholders as part of the Domestic Debt Exchange Programme (DDEP).

This move follows a directive from President John Mahama to settle outstanding DDEP coupons and build a financial buffer through the Sinking Fund.

On Monday, February 17, the government paid a Payment-In-Cash (PIC) coupon of GH₵6.081 billion to all bondholders, fulfilling one of its key financial commitments.

Additionally, a Payment-In-Kind (PIK) portion of GH₵3.46 billion was credited to bondholders’ securities accounts in accordance with the agreed-upon terms in the DDEP Memorandum.

As part of the country’s ongoing debt management strategy, the government also deposited GH₵9.7 billion into the Debt Service Recovery Cedi Account, better known as the Sinking Fund.

This fund is designed to serve as a buffer for the next five DDEP coupon payments, which are scheduled to be made in July and August 2025.

President Mahama reaffirmed his administration’s commitment to fulfilling all obligations under the DDEP, emphasizing the importance of restoring public trust in the economy.

He assured the public that the upcoming 2025 Budget Statement will outline additional measures aimed at ensuring fiscal discipline, prioritizing key areas of government spending, and enhancing transparency in public financial management.

The government remains focused on stabilizing the cedi, controlling inflation, and creating jobs, despite facing economic challenges inherited from the previous administration.

Through careful fiscal policies, the Mahama-led government hopes to restore macroeconomic stability, ensuring that taxpayers get value for every pesewa spent.

As these measures unfold, the government is optimistic that the financial stability and long-term prosperity of the nation will be safeguarded, with the DDEP serving as a key element in the country’s recovery and growth.