Minister of Government Communications, Felix Kwakye Ofosu has refuted claims by the erstwhile NPP administration that they had built debt buffers to aid in the 4th DDEP coupon payments.
Former Finance Minister, Mohammed Amin Adam in a Facebook post on February 17 claimed that the erstwhile Akufo-Addo government built buffers in the Debt Service Reserves Accounts to support upcoming debt service obligations such as the 4th coupon payments which was honoured by the current government.
His comment came after government had announced on February 17 that the finance minister has successfully settled the 4th Domestic Debt Exchange Programme (DDEP) coupon payments to DDEP bondholders.
However, at a press conference on February 19, 2025 at the Jubilee House, Felix Kwakye Ofosu explained that the balance in the Debt Service Reserve Account at the time the NDC took office was GHS 155,463,435 million.
