Home Business DDEP: Gov’t settles GH¢ 2.4 billion first coupon from programme

DDEP: Gov’t settles GH¢ 2.4 billion first coupon from programme

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The government through the Ministry of Finance says it has fully settled the first coupon emerging from the Domestic Debt Exchange Programme in the amount of GH¢ 2,369,667,190.18, approximately GH¢ 2.4 billion.

This was contained in a press release issued by the Public Affairs Unit of the Ministry on Wednesday, August 23, 2023.

The payment is in accordance with the maturing of the new bonds under the Domestic Debt Exchange Programme (DDEP) on Tuesday, August 22, 2023.

While expressing its appreciation to all stakeholders, especially bondholders who voluntarily responded to the programme, the government reiterated its commitment to fulfil its future debt obligations.

“The government of Ghana hereby reiterates its commitment to honoring all future payment obligations, in accordance with the terms of the new arrangements. The new bonds issued now stand as the dominant instruments in our domestic bond market, laying the basis for a rapid recovery,” the statement indicated.

Meanwhile the government is re-affirming its commitment to the success of the new bonds and a “credible and strong domestic securities trading market.”

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