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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.

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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.

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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

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Diaspora Affairs Office hosts African diaspora delegation ahead of citizenship conferment

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The Diaspora Affairs Office at the Office of the President has hosted a delegation of African diaspora women who are in Ghana ahead of a planned Presidential Conferment of Citizenship ceremony.

The Director of Diaspora Affairs, Kofi Okyere Darko, explained in a Facebook post that the visit was a gesture of appreciation by the delegation to the Government of Ghana for its continued efforts to reconnect Africans in the diaspora with their ancestral homeland.

He indicated that the ceremony, scheduled for next Monday, will officially grant Ghanaian citizenship to members of the delegation as part of the country’s broader engagement with the African diaspora.

The delegation was led by Erica Bennett, Founder of the Diaspora Africa Forum.

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According to Mr Okyere Darko, her years of advocacy have played an important role in strengthening ties between Africa and people of African descent living abroad.

He noted that the group’s journey towards citizenship represents not only a legal process but also a cultural and spiritual return to their roots.

Also present at the meeting was Natalie Jackson, an attorney who is also expected to receive Ghanaian citizenship during the ceremony. She works closely with renowned civil rights lawyer Ben Crump.

Mr Okyere Darko emphasised that Ghana remains committed to strengthening relationships with the African diaspora and promoting unity, identity, and shared heritage among people of African descent worldwide.

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By: Jacob Aggrey

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Ghana Showcases Culture and Investment Potential at ITB Berlin 2026

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Ghana Tourism Authority is leading Ghana’s participation at ITB Berlin, which opened in Berlin with a vibrant national pavilion highlighting Ghana’s rich cultural heritage, tourism destinations and investment opportunities.

March 5 has been designated as Ghana Day, a special platform to promote Ghana’s languages, cuisine, Kente, festivals and business prospects to the global tourism community. The stand has already drawn strong interest with traditional arts and crafts displays, immersive multimedia presentations and popular Ghanaian snacks.

Seven private-sector players are exhibiting alongside government officials as part of efforts to deepen trade partnerships, expand market access, and attract investment across the hospitality, heritage tourism, ecotourism, and creative arts sectors.

Ahead of the official opening, the Ghana delegation also engaged young Ghanaian investors in Germany in collaboration with V Afrika-Verein and the Ghana Embassy, strengthening diaspora investment linkages and highlighting opportunities within the tourism value chain.

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Ghana’s coordinated presence at ITB Berlin 2026 reinforces its strategy to position the country as the Gateway to Africa and a competitive destination for leisure travel and global investment.

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