News
DDEP saved Ghana about $12bn – Amin Adam
The Finance Minister, Dr. Mohammed Amin Adam, has disclosed that the successful implementation of the Domestic Debt Exchange Programme (DDEP) saved Ghana a staggering $12 billion.
Dr. Amin Adam made these remarks during a panel discussion held as part of the 2024 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group, which took place on Wednesday, October 23.
The session focused on the difficulties faced by low-income countries in managing debt, a pressing issue for many nations grappling with financial instability, compounded by global economic uncertainties and other external shocks.
The Finance Minister emphasised that the DDEP had been an instrumental policy measure in addressing Ghana’s financial difficulties and alleviating its debt load, creating a more sustainable fiscal environment.
According to Dr. Amin Adam, the DDEP, launched in December 2022, was a monumental success that laid the groundwork for broader debt restructuring efforts.
He explained that this programme required domestic bondholders to exchange their existing bonds for new ones with different terms, a critical move aimed at reducing the government’s debt service obligations.
The Finance Minister also disclosed that the government is currently working to restructure about $2.7 billion with its commercial creditors.
According to him,“The DDEP was a great success and we followed that with the restructuring of our bilateral debt, which was also very successful and this led to a significant savings of about $2.8 billion and then following this, the restructuring of our Eurobonds which is about $13 billion, which was concluded in the first week of this month which is another great success.”
He said,“The benefits we have derived from this so far include an outright debt cancellation of about $5 billion and another debt service relief of about $4.3 billion and so between the bilateral creditors and the Eurobonds, we are talking about savings of about $12 billion and we think this is a great success and we are still having an outstanding restructuring with our commercial creditors involving about $2.7 billion and we are working very hard to conclude that.”
Source: Citinewsroom.com
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Criminal and Seditious Libel Law was repealed in 2001 yet we still face harassment – NPP
The New Patriotic Party (NPP) has criticised the government for what it calls a return to the “culture of silence” in Ghana, despite the repeal of the Criminal and Seditious Libel Law more than two decades ago.
In a press statement issued on Wednesday, the party said the arrest and detention of its Bono Regional Chairman, Kwame Baffoe, also known as Abronye, for allegedly insulting the Inspector General of Police (IGP) was the latest sign of political intimidation.
According to the NPP, eight months into President John Dramani Mahama’s administration, state security had been “weaponised” not to fight illegal mining or protect citizens, but to intimidate and punish dissenting voices.
The party said insecurity in areas such as Bawku, Nkwanta and Gbeniyiri in the Savannah Region had claimed more than 32 lives and displaced over 50,000 people, yet the police and national security were more focused on arresting opposition supporters and social media users for their posts.
The NPP noted that Ghana abolished the Criminal and Seditious Libel Law in 2001 under President John Agyekum Kufuor to protect free speech and media freedoms.
It described the recent arrests of opposition members as an erosion of those democratic gains.
The party said it did not condone insults or vulgar language in public discourse but stressed that anyone who felt defamed should seek redress through civil defamation suits, not criminal prosecution.
It also accused the government of undermining the judiciary by “weaponising” it against political opponents, citing the removal of the Chief Justice.
“The growing climate of intimidation and criminalisation of speech is a serious assault on Ghana’s democracy,” the statement signed by NPP General Secretary Justin Kodua Frimpong said.
The NPP called on all Ghanaians to resist what it described as a return to tyranny and pledged to roll out a series of actions to protect the country’s democratic gains.
By: Jacob Aggrey
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NIA opens Premium Centres to register children
The National Identification Authority (NIA) has started registering Ghanaian children aged between six and 14 years at all its Premium Centres across the country.
The Authority says the exercise is part of its duty to register every Ghanaian, both at home and abroad, so that all citizens can have a secure and verifiable national identity.
It explained in a statement issued today that the registration will help build a complete and inclusive National Identity Register (NIR) that captures every Ghanaian from childhood.
According to the NIA, the fee for first-time registration at Premium Centres is GHS 310, which is the approved charge for premium services.
The Authority said the requirements are the same as for applicants aged 15 years and above.
It affirmed that Parents or legal guardians were required to present either a valid Ghanaian passport of the child, the original copy of the child’s birth certificate, or be a Ghana Card holder who can vouch for the child.
The NIA also announced that from Monday, September 15, 2025, its online registration and booking system will be extended to the remaining 11 Premium Centres nationwide.
This it said will allow parents and guardians to schedule appointments more conveniently and avoid delays at the centres.
It further stated that information on the issuance of Ghana Cards for children aged six to 14 years who had already registered will be shared later.
In the coming weeks, the Authority plans to extend this registration service to all NIA District Offices to make it easier for more people to access the service.
By: Jacob Aggrey
