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Government to honour outstanding coupons and maturing principals of bondholders who refused to participate in DDEP
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• Finance Minister Ken Ofori Atta
The Government has assured persons who refused to participate in the just-ended Domestic Debt Exchange Programme(DDEP) that they will be paid their outstanding coupons and maturing principals.
This according to government, will be done in line with its fiscal commitments.
the government said in a statement issued by the Ministry of Finance on Tuesday, February 14.
A statement released by the Ministry of Finance on Tuesday, February 14, 2023 stated that the “Government would like to reassure all individual bondholders who elected not to participate that your coupon payments and maturing principals, like all Government bonds, will be honoured in line with Government fiscal commitments.”
The Government in the said statement also thanked the people of Ghana for their support and contribution to the DDEP
“The DDEP is being done to help protect the economy and enhance our capacity to service our public debts effectively. The alternative for not executing the DDEP would have brought grave disorder in the servicing of our national debt and exacerbated the current economic crisis.
It further added that“The government is, therefore, grateful for the overwhelming participation of all bondholders. Your support and contributions have gotten your country much closer to securing the IMF programme.”
The government also disclosed that it achieved more than the 80% target needed for the Domestic Debt Exchange Programme (DDEP).
The programme is part of the requirements before Ghana can secure an economic bailout of about $3 billion from the International Monetary Fund (IMF).
By Edem Mensah-Tsotorme
Deputy National Women Organiser of the New Patriotic Party (NPP), Mimi Duah, has openly declared her support for Mavis Hawa Koomson as the next National Women’s Organiser of the party.
In a statement endorsing Hawa Koomson’s candidature, Ms Duah outlined four key reasons why she believes the former MP and Minister of State is best placed to lead the party’s women’s wing.
According to her, Hawa Koomson is a motherly figure who rose from the grassroots and is widely noted for her forgiving nature and ability to foster unity.
“She is a true grassroots mother who easily forgives, fosters unity, provides guidance and arbitrates to ensure all aggrieved party women are brought on board to ensure a unified women’s wing,” she stated.
Ms Duah also pointed to Hawa Koomson’s vast experience, having served as a Constituency Women’s Organiser, Member of Parliament and Minister of State, noting that the experience positions her to provide effective leadership as National Women’s Organiser.
She further described Hawa Koomson as capable of making the women’s wing resourceful, through her extensive network and business contacts, to lobby for logistics, training and financial support for women organisers at all levels.
Lastly, she said the NPP as an opposition party needs fearless, bold and assertive leadership at the women’s front to inspire regional, constituency and polling station women organisers as the party reorganises towards the 2028 elections.
“We need a Women’s Organiser who has been tested, who is bold, who understands grassroots women, and who can lead us to victory in 2028. Hon. Mavis Hawa Koomson is that leader,” she stressed.
By Edem Mensah-Tsotorme
News
Tourism, Culture and Creative Arts Minister inaugurates Ghana-Korea Heritage Project Steering Committee
Tourism, Culture and Creative Arts Minister, Abla Dzifa Gomashie, has inaugurated the Ghana-Korea Heritage Project Steering Committee to provide strategic oversight for a five-year programme focused on preserving Ghana’s heritage sites and strengthening their resilience to climate change.
The project will support climate-risk mapping, digital surveying and 3D modelling, joint research, capacity building, community engagement and modern monitoring technologies.
Korea is also providing specialised equipment, including drones, 3D scanners, digital microscopes, thermal imaging cameras and GPS survey instruments, to enhance Ghana’s capacity to scientifically assess, document and conserve heritage structures.
The partnership, which will run through 2030 and beyond, is expected to deepen Ghana-Korea cultural ties while promoting sustainable, technology-driven and climate-adaptive heritage management for future generations.
By Edem Mensah-Tsotorme
