News
Settle DDEP Coupons and build debt buffers – President Mahama to Ministry of Finance
Following a directive from President John Dramani Mahama, the Ministry of Finance on February 17, 2025, honoured the Payment-In-Cash (PIC) coupon of GHS6.081 billion to all
Domestic Debt Exchange Programme (DDEP) bondholders.
Government has also honoured the Payment-ln-Kind (PIK) portion of GHS3.46 billion, deposited into the respective bondholders’ securities accounts in line with the DDEP Memorandum.
Additionally, Government has also paid into the Debt Service Recovery Cedi Account (SinkingFund) an amount of GH59.7 billion as a buffer for the 5th DDEP coupon that will fall due in July and August, 2025.
President Mahama has expressed commitment in honouring all obligations under the budget Statement, in the economy, prioritise spending DDEP.
Through the 2025 Government will announce further measures that will help to restore market confidence and improve transparency and accountability in public finances.
Ultimately, Government seeks to restore fiscal prudence while ensuring value for every pesewa spent.
Despite the challenging economy that was bequeathed by the previous administration, Government is determined to bring back a stable Cedi, control spiralling inflation and create jobs for the teeming youth of the country.
The Police have arrested two suspects, including the alleged gang leader, in connection with the robbery attack on the Berekum Chelsea football team that resulted in the death of one of the players.
According to a Police update, the arrests were made after intelligence-led operations by security personnel.
One of the suspects sustained gunshot wounds during an exchange of fire with the police.
He has since been taken to a hospital where he is receiving medical treatment, while the other suspect remains in police custody assisting with investigations.
The Police indicated that efforts are ongoing to apprehend other members of the gang linked to the attack.
They assured the public that more details will be provided as investigations progress.
By: Jacob Aggrey
President John Dramani Mahama has arrived in Brazzaville to attend the investiture ceremony of Denis Sassou N’Guesso.
The ceremony follows the re-election of President Sassou N’Guesso for another five year term as leader of the Republic of the Congo.
President Mahama travelled to Brazzaville shortly after launching his Free Primary Healthcare Programme in Dodowa.
He is expected to return to Accra after the ceremony scheduled for Thursday morning.
By: Jacob Aggrey
