Mahama Directs Finance Ministry to Settle DDEP Coupons, Strengthen Debt Buffer
President John Dramani Mahama has issued a directive to the Ministry of Finance to settle all outstanding coupons under the Domestic Debt Exchange Programme (DDEP) and bolster the debt buffer via the Sinking Fund. This strategic move aims to ensure fiscal stability and future debt servicing.
On February 17, 2025, the government successfully honored a Payment-In-Cash (PIC) coupon of GHS6.081 billion to all DDEP bondholders. Additionally, a Payment-In-Kind (PIK) portion of GHS3.46 billion was deposited into the respective bondholders’ securities accounts, aligning with the DDEP Memorandum.
As part of efforts to guarantee financial stability and future debt servicing, the government has also deposited GHS9.7 billion into the Debt Service Recovery Cedi Account (Sinking Fund) in preparation for the 5th DDEP coupon, which is due in July and August 2025.
According to Felix Kwakye Ofosu, Spokesperson to the President, the Mahama-led administration remains resolute in honoring all obligations under the DDEP. Through the forthcoming 2025 Budget Statement, the government is expected to outline additional measures aimed at restoring market confidence, prioritizing expenditure, and enhancing financial transparency.
Despite inheriting a challenging economic situation from the previous administration, the government is steadfast in its commitment to stabilizing the Cedi, controlling rising inflation, and creating job opportunities for Ghana’s youth.
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