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The government has fulfilled the Payment-In-Kind (PIK) obligation of GHS3.46 billion, depositing the amount into bondholders’ securities accounts as outlined in the Domestic Debt Exchange Programme (DDEP) Memorandum.
Additionally, a GHS9.7 billion payment has been made into the Debt Service Recovery Cedi Account (Sinking Fund) to cushion the 5th DDEP coupon payment, scheduled for July and August 2025.
Announcing the payments in a statement issued on Monday, February 17, 2025, Felix Kwakye Ofosu, spokesperson to the president and minister for government communications, reaffirmed President Mahama’s commitment to honouring all DDEP obligations.
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He assured that the 2025 budget statement would introduce further measures to restore market confidence, prioritise spending, and enhance transparency in public finances.
“Despite the challenging economy inherited from the previous administration, the government remains determined to stabilise the Cedi, curb inflation, and create jobs for the youth,” he added.
The latest move signals the government’s commitment to rebuilding fiscal discipline and ensuring value for every pesewa spent as part of broader efforts to revive the economy.
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