Home Business President Mahama honors PIC payment to DDEP bondholders

President Mahama honors PIC payment to DDEP bondholders

Additionally, the government has also paid into the Debt Service Recovery Cedi Account (Sinking Fund) an amount of GHS9.7 billion as a buffer for the 5th DDEP coupon that will fall due in July and August, 2025.

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Following a directive from President John Dramani Mahama, the Ministry of Finance has honored the Payment-In-Cash (PIC) coupon of GHS6.081 billion to all Domestic Debt Exchange Programme (DDEP) bondholders.

The government has also honored the Payment-In-Kind (PIK) portion of GHS3.46 billion, deposited into the respective bondholders’ securities accounts in line with the DDEP Memorandum.

Additionally, the government has also paid into the Debt Service Recovery Cedi Account (Sinking Fund) an amount of GHS9.7 billion as a buffer for the 5th DDEP coupon that will fall due in July and August, 2025.

Felix Kwakye Ofosu, Spokesperson to the President and Minister, Government Communications made this known in a statement signed and issued on Monday February 17, 2025.

 

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