Former Finance Minister Dr Mohammed Amin Adam has said that the previous Akufo-Addo administration honoured three previous coupon payments to Domestic Debt Exchange Programme (DDEP) bondholders.
He states that the NPP government paid a total of GHS17.25 billion in Payment-In-Cash (PIC) and GHS9.77 billion in Payment-In-Kind (PIK) to bondholders.
Also, he said, individuals who did not tender their bonds were paid coupons amounting to GHS515.17 million at various times between 2023 and 2024, in line with the MoU signed between the Government and the Coalition of Individual Bondholders.
The Karaga lawmaker stressed that since the restructuring of the Domestic Debts, the previous NPP government has not defaulted on coupons.
