President John Mahama has directed the Ministry of Finance to settle outstanding Domestic Debt Exchange Programme (DDEP) coupons and build a financial buffer through the Sinking Fund.
In line with this directive, the Ministry of Finance has on Monday, February 17, disbursed a Payment-In-Cash (PIC) coupon of GH₵6.081 billion to all DDEP bondholders.
Additionally, a Payment-In-Kind (PIK) portion of GH₵3.46 billion has been credited to bondholders' securities accounts, in accordance with the terms outlined in the DDEP Memorandum.
To further strengthen the country's debt management strategy, the government has also deposited GH₵9.7 billion into the Debt Service Recovery Cedi Account (Sinking Fund).
