The Government of Ghana has announced that an amount of GHS 2.4 billion has been released for the Domestic Debt Exchange Programme (DDEP) first coupon payments.
The Ministry of Finance indicated that this was in line with the government’s commitment to the continued success and credibility of Ghana’s domestic debt operations.
The government is expected to settle nearly GHS 2.5 billion to bondholders by the close of Tuesday 22 August 2023.
The Office of the Finance Minister in a tweet said “In line with the government’s commitment to the continued success and credibility of Ghana’s domestic debt operations, instructions have gone out for the settlement of the ~GHC 2.4 billion first coupon payment of the DDEP, due today.
“New bonds now stand as the dominant instruments in our domestic bond market, laying the basis for rapid recovery.
“We remain committed to the success of the new bonds, and again thank all those who participated in the DDEP for their sacrifices.”