By: Deborah Amewoyi
The Finance Ministry has yesterday, February 17, 2025 made settlements of DDEP Coupons to all Domestic Dept Exchange Program bondholders.
In a directive from president John Dramani Mahama, the government have honoured the
- Payment-In-Cash (PIC) coupon of GHS6.081 billion to all Domestic Debt Exchange Programme (DDEP) bondholders.
- Payment-In-Kind (PIK) portion of GHS3.46 billion, deposited into the respective bondholders’ securities accounts in line with the DDEP Memorandum.
- Payments of GHS9.7 billion into the Debt Service Recovery Cedi Account.
The release signed by presidential spokesperson, Felix Ofosu Kwakye emphasized on the government’s quest to restore fiscal prudence despite the its failing economy in terms of job creation and inflation rates.
Following the release, former Finance Minister, Amin Adam have nullified the conception that payments of the DDEP coupons is solely an initiative by the current government.
“As reported in the announcement, this will be the fourth coupon payment due on Tuesday, 18th February 2025. This means the previous NPP Government honoured three previous payments both in Payment-In-Cash (PIC) and Payment-In-Kind (PIK) between August 2023 and December 2024” Mr. Adam clarified in an official Facebook post.
He further indicated that the previous New Patriotic Party government have not defaulted any of the DDEP coupons payments since its inception.
