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Government Pays GH¢9.7 Billion Coupon Under the Domestic Debt Exchange Programme (DDEP)

The Government of Ghana has paid GH¢9.7 billion as part of its debt obligations under the Domestic Debt Exchange Programme (DDEP).
The Minister of Finance, Dr. Cassiel Ato Forson said the payment amounted to GH¢9,698,815,220.17.
This brings the total payments made under the programme this year alone to GH¢19.4 billion.
According to the minister in a facebook post, the payment shows government’s commitment to honouring agreements made under the DDEP and is expected to boost investor confidence in the economy.
He stated that government has also created two sinking fund accounts one in cedis and another in US dollars to help manage future debt payments.
These funds, introduced he said is in line with the 2025 Mid-Year Fiscal Policy Review and backed by the Public Financial Management Act, meant to ensure that upcoming loan obligations due between 2026 and 2028 are paid on time.
The Finance Minister assured investors and the public that all future debt commitments, including those under the DDEP, will be fully honoured without delays.
By: Jacob Aggrey
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Kpandai rerun quashed: Solomon Owusu expresses disappointment over Supreme Court ruling

Director of Communications for the United Party, Solomon Owusu, has expressed strong disappointment following the Supreme Court decision to quash the rerun of the Kpandai parliamentary election.
Mr Owusu made his views known while reacting to the ruling, stressing that he would feel deeply disappointed if he were in the position of Matthew Nyindam, the current Member of Parliament for Kpandai.
He explained that the High Court had earlier examined the case in detail and arrived at a clear determination on the matter.
According to him, the High Court found that the election was compromised and that rigging took place with the involvement of the Electoral Commission.
Mr Owusu pointed out that when the New Patriotic Party moved the case to the Supreme Court, it did not challenge the substance of the High Court findings.
He stated that the appeal was based purely on a point of law, arguing that the National Democratic Congress was time barred when it went to court, and not that the alleged rigging did not occur.
In his view, this means that Mr Nyindam remains in Parliament through an election process that did not reflect the true will of the people of Kpandai.
Mr Owusu noted that this was why he had expected a rerun of the election, to allow the MP to return to the constituency and properly establish his authority through the ballot.
He explained that a rerun would have given Mr Nyindam the opportunity to prove that he genuinely won the 2024 parliamentary election.
With the rerun now quashed, Mr Owusu questioned how the MP could celebrate or take pride in the court outcome.
He stressed that he would no longer take contributions made by Mr Nyindam in Parliament seriously, as the legitimacy of his mandate remains questionable in his view.
Mr Owusu further argued that the Supreme Court decision has shortchanged the people of Kpandai.
He described the ruling as unfair to voters who woke up early on election day, queued patiently, and voted for a candidate of their choice, only for their will to be undermined.
According to him, the outcome raises serious concerns about justice, electoral credibility, and respect for the democratic rights of the people.
By: Jacob Aggrey
News
Ghana preparing to exit IMF programme before end of year – Haruna Iddrisu

Ghana is taking steps to exit its International Monetary Fund IMF programme before the end of the year, says the minister of education, Haruna Iddrisu.
Mr Iddrisu made this known while speaking on the country’s economic recovery efforts and ongoing discussions with international partners.
He explained that government has already begun conversations beyond the IMF programme, including engagements with other international financial institutions to support Ghana’s post IMF economic path.
According to him, discussions have taken place with development finance institutions such as the World Bank and the European Development Corporation Fund, which he described as sources of friendly and concessional financing.
Mr Iddrisu noted that these partners have shown strong interest and readiness to support Ghana as it transitions away from the IMF arrangement.
He indicated that preparations are underway for life after the IMF, expressing confidence that Ghana could exit the programme either before the end of August or by the close of the year.
The minister assured that alternative financing options are being explored to ensure economic stability once the IMF programme ends.
He referenced outstanding financial figures, including earnings and cumulative amounts running into billions of dollars, which he noted require careful consideration as part of the transition process.
Mr Iddrisu stressed the need for transparency and prudent management of these finances to protect the national interest and sustain economic gains made under the IMF programme.
He maintained that Ghana’s exit from the IMF must be well planned to avoid setbacks and to ensure that the economy remains stable and resilient going forward.
By: Jacob Aggrey







