The Ghanaian Ministry of Finance has paid GHS $6.081 billion to bondholders under the Domestic Debt Exchange Programme on February 17, 2023, following a directive from President John Dramani Mahama. The payment was communicated by Mr. Felix Kwakye Ofosu, highlighting the government’s commitment to its financial obligations.
On February 17, 2023, the Ministry of Finance in Ghana fulfilled its obligation by paying GHS $6.081 billion in cash to bondholders participating in the Domestic Debt Exchange Programme (DDEP). This payment, known as Payment-in-Cash (PIC), is part of the government’s efforts to ensure financial stability and uphold commitments to its creditors. The announcement was made in a statement by Mr. Felix Kwakye Ofosu, the spokesperson for the President and Minister of State in-charge of Government Communications.
In summary, the Ghanaian government has successfully completed a significant financial transaction, reinforcing its commitment to bondholders under the DDEP. The timely payment reflects the administration’s focus on maintaining fiscal responsibility and enhancing investor confidence. Further updates are expected as the government navigates its domestic debt landscape.
Original Source: gna.org.gh
