Government pays GH¢10 billion DDEP interest

Published

7 months ago

February 18, 2026

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The Government of Ghana has paid GH¢10 billion in interest to bondholders under the Domestic Debt Exchange Programme (DDEP), according to a press release from the Ministry of Finance.

The Ministry announced on Wednesday, February 18, 2026, that the payment represents the sixth coupon settlement since the programme began.

It also marks the second time the government has made a full cash payment without using any Payment-In-Kind (PIK) component.

In the statement, the Ministry explained that the payment covers cedi-denominated coupon obligations under the DDEP.

It said the move is in line with the debt restructuring agreement and the government’s broader plan to manage public debt and restore fiscal stability.

According to the Ministry, the timely settlement sends a strong signal to both local and international investors that the country is committed to honouring its obligations.

It added that the payment is expected to boost market confidence and support Ghana’s credit outlook.

The Ministry further noted that the development will help strengthen financial sector stability, especially among banks and pension funds that hold government bonds.

It assured investors and the public that the government remains fully committed to meeting future DDEP obligations.

The Ministry said improved economic conditions, including declining inflation, lower interest rates, a stable cedi, and stronger financial buffers back this commitment.

By: Jacob Aggrey

Over 20 structures levelled at Laboma Beach Resort

Published

3 days ago

September 19, 2026

WeeklySpectator

Some victims salveging their belongings after the demolitioning exercise at the Laboma Beach Resort Photo Victor A. Buxton (19)

Over 20 structures built within the 50-metre buffer zone of the Kpeshie Lagoon at the Laboma Beach Resort in the La Dade-Kotopon Municipality were on Sunday demolished by the Greater Accra Regional Coordinating Council (GARCC).

Buildings such as single-unit semi-detached under construction and completed chalets at the resort were pulled down while portions of a newly constructed perimeter wall were also demolished. Read More

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MTN Ghana climaxes 30th anniversary with CEO Invitational golf

Published

3 days ago

September 19, 2026

WeeklySpectator

About 120 golfers from clubs across Ghana participated in an 18-hole competition, dubbed ‘MTN 30th Anniversary CEO Invitational Golf Tournament’ held at the Achimota Golf Club on Saturday.

*Frederick Semenu Duvor his receives his prize from Mr Ishmael Yamson*

At the end of the hectic day, Frederick Semenu Duvor won the Men’s Group A event with 39 points, while Julienne Afi claimed the Ladies’ Group A title with the same score.

*Kous Lounges Mang receiving the award for the Ladies Group B event*

Yaw Mireku Jnr. won the Men’s Group B with an impressive 45 points, while Kous Louanges Mang took the Ladies’ Group B title with 38 points.

Kofi Mangesi won Men’s Group C with 40 points while Elorm R. Akuash Bonney claimed the Ladies’ version with 42 points.

In the Seniors Division, Jan Vogel emerged winner of the men’s category with 39 gross, while Helen Appah topped the ladies’ category with 44 gross.

Addressing participants, the company’s Board Chairman, Mr Ishmael Yamson, urged the company to approach its next phase with the same resilience, discipline and determination that have defined its success over the past three decades.

He drew a striking parallel between the game of golf and MTN Ghana’s three-decade journey, describing both as long games in which success depends less on one spectacular moment than on consistency, patience, judgment and the ability to recover from setbacks.

He said, golf had taught him a lesson that extended far beyond the fairways, thus, a round cannot be won on the first hole.

*An official of MTN presenting the Ladies Group A winner prize to Juliene Amezrado*

In golfing terms, he said, MTN Ghana had encountered its share of regulatory bunkers, competitive hazards and unexpected storms that had forced the company to pause, reassess and change its approach.