The Former Chief Justice and Council of State Member, Sophia Akuffo has commended the government for honoring its commitment by paying GH¢6.08bn to DDEP bondholders.
Following a directive from President John Dramani Mahama, the Ministry of Finance has honored the Payment-In-Cash (PIC) coupon of GHS6.081 billion to all Domestic Debt Exchange Programme (DDEP) bondholders.
The government has also honored the Payment-In-Kind (PIK) portion of GHS3.46 billion, deposited into the respective bondholders’ securities accounts in line with the DDEP Memorandum.
Additionally, the government has also paid into the Debt Service Recovery Cedi Account (Sinking Fund) an amount of GHS9.7 billion as a buffer for the 5th DDEP coupon that will fall due in July and August 2025.
Sophia Akufo said it was in order and accordance of the law because the public deserves to get their money back.
Voice of Sophia Akuffo
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