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Government to settle ¢2.4bn coupon payments on DDEP bonds
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The Government of Ghana is expected to settle ¢2.4 billion of the first coupon payment on bonds occasioned by the Domestic Debt Exchange Programme (DDEP) on August 27, 2023 and August 28, 2023 respectively.
This, the Minister of Finance, Ken Ofori-Atta, says is in line with the government’s commitment to the continued success and credibility of Ghana’s domestic debt operations.
The bonds that are expected to mature in 2027 as indicated in the memorandum documents were originally expected to mature in 2023. They are in all the category bonds that are Category A Bonds, Category B Bonds, and the General Category Bonds.
Whilst the coupon or interest rates of the August 27, 2023 bonds are going for 14.13% and 15.00%, that of the August 28, 2023, are currently priced at 10% and 15% respectively.
Finance Minister in a tweet said, “New bonds now stand as the dominant instruments in our domestic bond market, laying the basis for rapid recovery”.
“We remain committed to the success of the new bonds, and again thank all those who participated in the DDEP for their sacrifices”, he added.
The government in February 2023 announced a debt restructuring of its domestic bonds. This was a major requirement to secure a $3 billion package from the International Monetary Fund (IMF) programme.
Approximately 85% of holders eligible participated in the Invitation to Exchange (as determined by the Central Securities Depository) tendered in the Exchange.
It also in July 2023, announced the restructuring of Government of Ghana dollar-denominated bonds, cocoa bills and pension funds. The dollar-denominated bonds were estimated at $809million and cocoa bills worth ¢7.93 billion.
This was a requirement to qualify for the next tranche ($600 million) of a $3 billion IMF loan to address its worst economic crisis in a generation.
The objective is to eventually restructure ¢123 billion in domestic debt.
Source:Myjoyonline.com
The Tema Regional Police Command has arrested a 32-year-old man for allegedly posing as a soldier and extorting money from unsuspecting members of the public at Ashaiman.
The suspect, identified as Bright Atsu Kudiabor, was arrested by the Ashaiman Police on Wednesday, September 16, 2026, at about 7:00 a.m.
According to the Police, he was arrested at an area known as “I Shall Return”, where he was allegedly parading himself as a soldier and demanding money from people.
The Police said Kudiabor, who is an ex-convict, was initially arrested by personnel of the Ghana National Fire Service in Ashaiman with assistance from other members of the public.
A search conducted on him after he was handed over to the Police reportedly led to the recovery of a set of military camouflage uniform.
The suspect is currently in Police custody and assisting with investigations.
The Tema Regional Police Command said he would be processed for court after investigations are completed.
The Police urged the public to remain vigilant and report anyone who falsely presents themselves as a soldier or a member of another security agency to deceive or extort money from the public.
By: Jacob Aggrey
Volta Regional Minister, James Gunu, says the Volta Region holds enormous agricultural potential and efforts must be geared towards connecting farmers to the needed resources to unlock that potential.
He said focus must be on linking farmers to resources, technology, financing and markets to increase production, create jobs and build sustainable livelihoods.
Hon. Gunu made the remarks at the national launch of the Ghana Tomato Self-Sufficiency Initiative (GHATSI) held at Anloga in the Volta Region on Tuesday, September 15.
The initiative, under the theme “Produce at Home. Feed the Nation. Export the Surplus,” seeks to boost local tomato production, processing and marketing while reducing Ghana’s heavy reliance on imported tomatoes.
The launch was attended by the Minister for Food and Agriculture, Eric Opoku, his Deputy, John Setor Dumelo, Feed Ghana Coordinator, Bright Demordzi, Members of Parliament, traditional leaders, MMDCEs, farmers and other stakeholders.
Mr.Gunu expressed appreciation to the Minister for Food and Agriculture for the support announced for the region, including two excavators, 200 cartons of organic fertiliser, and GH¢200,000 for Ms. Kuatudzo Esther Dela, a tomato farmer and processor from Ziope.
He described the initiative as an important step towards making agriculture a stronger driver of food security, job creation and economic growth in the Volta Region.
By Edem Mensah-Tsotorme
