Govt builds up Sinking Fund with GHS9.7 bn payment

Debt Exchange Programme (DDEP) coupon due in mid-2025. This move aims to mitigate the impact of the country’s rising debt stock and restore market confidence.

The fulfillment of the Payment-In-Cash (PIC) coupon of GHS6.081 billion and the Payment-In-Kind (PIK) portion of GHS3.46 billion demonstrates the government's commitment to honoring its obligations under the DDEP.

As Ghana navigates its fiscal challenges, the upcoming 2025 Budget Statement is anticipated to outline additional measures to enhance fiscal discipline, prioritize spending, and promote transparency.

This development will be crucial for economic stability, especially with the emphasis on stabilizing the Cedi, controlling inflation, and creating jobs for the youth. It will be interesting to see how these measures impact market confidence and the overall economy.