President Mahama has reaffirmed his commitment to honoring Ghana’s obligations under the Domestic Debt Exchange Programme (DDEP).
According to Felix Kwakye Ofosu, Minister in charge of Government Communication, the government has already taken steps to fulfil its obligations by paying GHS6.081 billion in cash to DDEP bondholders and depositing GHS3.46 billion into their securities accounts.
Additionally, the government has allocated GHS9.7 billion to the Debt Service Recovery Cedi Account (Sinking Fund) to serve as a buffer for the fifth DDEP coupon payment due in July and August 2025.
This move demonstrates the government’s determination to restore fiscal discipline, stabilize the Cedi, control inflation, and create jobs for Ghana’s youth.
Through the upcoming 2025 budget statement, the government plans to announce further measures to restore market confidence, prioritize spending, and improve transparency and accountability in public finances.
