President Mahama Directs GHS6.081 Billion Payment to DDEP Bondholders and Allocates GHS9.7 Billion to Sinking Fund

In a significant financial move, President John Dramani Mahama has directed the Ministry of Finance to settle outstanding obligations under the Domestic Debt Exchange Programme (DDEP). A total of GHS6.081 billion in cash and GHS3.46 billion in kind has been allocated to DDEP bondholders, ensuring that investors receive their due payments.

Additionally, the government has set aside GHS9.7 billion into the Sinking Fund, which serves as a buffer for future debt obligations. This proactive step is aimed at restoring market confidence and ensuring the stability of Ghana’s public finances.

According to an official statement from the Presidency, signed by Felix Kwakye Ofosu, MP, and spokesperson to the President, these financial commitments reflect the government’s dedication to fulfilling its debt obligations while prioritizing fiscal responsibility.

Government’s Commitment to Economic Stability

President Mahama has emphasized his administration’s commitment to prudent financial management, stating that the 2025 Budget Statement will introduce further measures to strengthen economic stability. The government aims to stabilize the Ghanaian cedi, control inflation, and create employment opportunities, particularly for the youth.

This directive comes amidst economic challenges inherited from the previous administration, with the government seeking to balance debt servicing with sustainable growth. The injection of funds into the Sinking Fund demonstrates a long-term strategy to ensure that Ghana remains on track with its financial commitments.

With this move, the Mahama-led government is taking decisive steps to rebuild investor confidence and reinforce transparency in public finance management. Stay tuned for more updates on Ghana’s financial landscape.