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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
Christians have been urged to demonstrate a living faith in Jesus Christ by allowing their confession of Him as Lord and Saviour to reflect in their daily lives.
According to the Kaneshie District Pastor of the Evangelical Presbyterian Church, Ghana (EPCG), Rev. Dzidzor Nathaniel Affram, a genuine Christian’s confession should go beyond words and be demonstrated through obedience to God, love for others and service to the Church.
He made the call at the 40th anniversary remembrance service for the late Wesley Kwasi Kwadzo at the Evangelical Presbyterian Church, Ghana, Maranatha Congregation at Awudome Avenui in the Volta Region.
Speaking on the theme, “The Church Built on a Living Confession,” Rev. Affram said life would continually present challenges capable of testing Christians’ faith, making it necessary for believers to hold firmly to their confession that Jesus Christ is Lord.
He explained that accepting Jesus Christ as Lord and Saviour required Christians to live according to His teachings, stressing that their faith must be evident in their conduct.
“A living confession listens to God and not man,” he said, urging Christians to remain obedient to God even when faced with difficulties and pressures.
Rev. Affram further encouraged the congregation to care for vulnerable people and demonstrate concern for others, adding that such acts were practical expressions of Christian faith.
He also urged Christians to identify and use their God-given gifts to build the Church.
He said every member of the Church had a role to play and cautioned Christians against looking down on others because of their status or abilities.
The remembrance service brought together family members, friends, members of the congregation and sympathisers to commemorate the 40th anniversary of the late Wesley Kwasi Kwadzo.
By Lizzy Okai
Two female students from the Eastern and Upper West regions of Ghana have booked their qualifications for the finals of this year’s World Vision Ghana School Sanitation Solutions Challenge slated for September 21, at the National Theatre in Accra.
The girls are Dede Nyarko from the Nkawkaw St Anthony RC JHS in the Eastern Region and Dasanah Candi Mwine Maalo from the Star of God RC JHS in the Upper West Region.
In all, 10 schools reached the semifinal stage held in Sunyani in the Bono Region.
The School Sanitation Solution Challenge by the World Vision Ghana instituted in 2019 is an annual national competition for Ghanaian pupils from primary six to Junior High School students up to form two.
The programme aims to foster environmental consciousness and empower children to concrete sustainable water, Sanitation and hygiene (WASH) Solution
The annual event is supported by the Ministry of Local Government, Chieftaincy and Religious Affairs, Ghana Education Service and Zoomlion Foundation among other partners.
The girls won their respective contest from SHELP and COCOA zones and are expected to face other competitors from the southern zones for the ultimate prize at the National Theatre next month.
Dasanah Candi Mwine Maalo had an aggregate score of 77 points to pick the Shelp zone slot while Dede Nyarko also had an aggregate score of 89 to win from the Cocoa zone.
The Bono Regional Minister, Joseph Addae Akwaboah, in a speech read on his behalf commended World Vision Ghana and its partners for instituting the competition to highlight sanitation issues in the country.
“Placing young people at the centre of the conversation on sanitation is highly commendable,” he said.
According to him under the government’s reset agenda, sanitation has received renewed attention as a critical component of effective local governance and service delivery
Mr Akwaboah said sanitation issues is a national responsibility and which everybody must play a role in ensuring clean, safer and sustainable environment devoid of diseases.
The WASH Technical Specialist- World Vision Ghana Atta Arhin in an address highlighted that while Ghana has achieved high basic access rates to safe drinking water approximately 87 per cent nationally, environmental sanitation and elimination of open defections lag critically behind.
He said the winner of the seventh edition would embark on a fully sponsored educational trip abroad and other prices.
From Daniel Dzirasah, Sunyani
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