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The government has expressed its gratitude to all parties involved, particularly bondholders who willingly participated in the Domestic Debt Exchange Programme (DDEP) after the government issued a request for participation.
The first coupons of the tendered bonds were due on August 22, 2023, in accordance with the terms and conditions of the DDEP, which was introduced on December 5, 2022, to support the government’s budgetary policy.
In light of this, on Tuesday, August 22, 2023, the government kept its word and paid the first coupon due to the DDEP in full, in the amount of GH 2,369,667,190.18 (about 2.4 billion Ghana Cedis).
In accordance with the terms of the new agreements, the Finance Ministry reaffirmed the government’s commitment to honoring all future payment obligations.
The newly issued bonds currently hold a commanding position in the domestic bond market, creating the groundwork for a quick recovery.
The government reaffirmed its dedication to the New Bonds’ success as well as a reliable and robust domestic securities trading industry.
The Ministry of Finance expressed its gratitude for all Ghanaians’ sacrifices, patience, and cooperation in assisting the government in guiding the country toward regaining inclusive growth and macroeconomic stability.
Source: Ghanatodayonline.com
