Government pays 4th DDEP coupon, sets aside GHS9.7Bn for 5th coupon – Felix Kwakye Ofosu

The government has settled the 4th Domestic Debt Exchange Programme (DDEP) coupon, reinforcing its commitment to financial obligations and boosting economic confidence.

On February 17, 2025, Felix Kwakye Ofosu, Minister for Government Communications, confirmed that GHS6.081 billion was paid in cash to DDEP bondholders, with an additional GHS3.46 billion settled through Payment-In-Kind (PIK), credited to bondholders’ securities accounts.

To ensure timely settlement of future obligations, GHS9.7 billion has been allocated to the Debt Service Recovery Cedi Account (Sinking Fund) as a buffer for the 5th DDEP coupon due in July and August 2025.

Kwakye Ofosu emphasized President Mahama’s commitment to fulfilling all DDEP obligations, with further measures to be detailed in the 2025 Budget Statement to enhance market confidence and fiscal responsibility.