Finance Minister Dr. Cassiel Ato Forson has assured Ghanaians that authorities stays totally dedicated to honouring all its home debt obligations beneath the Home Debt Change Programme (DDEP).
He was emphatic in vowing that “we is not going to default.”
Delivering the 2025 Mid-12 months Funds Evaluate on Wednesday, July 24, Dr. Ato Forson disclosed that in simply the primary half of the 12 months, the federal government had already paid GH¢9.8 billion in coupon funds to DDEP bondholders, of which GH¢3.6 billion was capitalised as a part of restructuring agreements.
Moreover, GH¢1.1 billion was disbursed to non-tendered bondholders—those that didn’t take part within the debt alternate—settling all excellent debt service arrears from 2024.
“For the second half of 2025, an quantity of GH¢10.2 billion is due as coupons on the DDEP bonds and GH¢724.1 million as debt service for the non-tendered bondholders,” Dr. Forson famous.
In what seemed to be a direct response to rising anxieties amongst buyers and analysts, the Finance Minister mentioned the Akufo-Addo administration was dedicated not solely to fulfilling these obligations but additionally to restoring belief in Ghana’s fiscal credibility.
“It is very important word that authorities stays dedicated to honouring its debt service obligations and has due to this fact made satisfactory preparations in direction of full settlement of all debt service in 2025 and past,” Dr. Forson declared.
The federal government’s DDEP, launched in 2022 as a part of its broader IMF-backed financial reform agenda, was a troublesome however mandatory step to restructure Ghana’s unsustainable debt burden.
Whereas it introduced momentary aid to the Treasury, it additionally triggered anxiousness amongst native buyers, notably pension funds and particular person bondholders whose financial savings had been affected.
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