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Business
DDEP payments result of NPP’s strategic planning, not Mahama’s directive – Dr. Amin Adam

DDEP payments result of NPP’s strategic planning, not Mahama’s directive – Dr. Amin Adam

Ex-Finance Minister, Dr Mohammed Amin Adam, has debunked claims that President John Mahama's directive was the reason for the fourth coupon payment to Domestic Debt Exchange Programme (DDEP) bondholders. Dr Amin Adam clarified that the

Business
Mahama directs Finance Ministry to settle DDEP coupons and build debt buffers through Sinking Fund

Mahama directs Finance Ministry to settle DDEP coupons and build debt buffers through Sinking Fund

Following a directive from President John Dramani Mahama, the Ministry of Finance has today, February 17, 2025, honoured the Payment-In-Cash (PIC) coupon of GHS6.081 billion to all Domestic Debt Exchange Programme (DDEP) bondholders. Government has

Economy
Ghana’s financial crisis: Government never broke until DDEP – Former Stanbic Bank CEO

Ghana’s financial crisis: Government never broke until DDEP – Former Stanbic Bank CEO

Former Stanbic Bank CEO Alhassan Andani has slammed Ghana's financial path, citing the Domestic Debt Exchange Programme (DDEP) as a troubling milestone. At the Ghana CEO-Presidential Gala Dinner, Mr. Andani stressed that Ghana's fragile economy

Business
Governor of BoG Reveals Substantial Revenue Losses Due To Gov’t’s Debt Exchange Program

Governor of BoG Reveals Substantial Revenue Losses Due To Gov’t’s Debt Exchange Program

The Governor of the Bank of Ghana, Dr. Ernest Addison, has provided a glimpse into the forthcoming Bank of Ghana (BoG) report, which is poised to reveal a significant decline in revenue for the country.

Business
MD Of Ecobank Assures Customers Of Speedy Recovery After Gov’t’s Domestic Debt Exchange Program

MD Of Ecobank Assures Customers Of Speedy Recovery After Gov’t’s Domestic Debt Exchange Program

The Managing Director of Ecobank Ghana PLC, Mr. Daniel Sackey, says the Domestic Debt Exchange Programme (DDEP) affected the bank’s financial performance last year and the first quarter of 2023. He said although the DDEP

Business
Fitch Upgrades Ghana’s Long-Term Local-Currency IDR to ‘CCC’

Fitch Upgrades Ghana’s Long-Term Local-Currency IDR to ‘CCC’

Fitch Ratings has upgraded Ghana's Long-Term (LT) Local-Currency (LC) Issuer Default Rating (IDR) to 'CCC' from 'RD'. The issue ratings on local-currency bonds issued domestically that have not matured yet have also been upgraded to 'CCC'

Business
Government To Resume Payment of Coupons, Principals Of Old Matured Bonds on March 14

Government To Resume Payment of Coupons, Principals Of Old Matured Bonds on March 14

The Ministry of Finance has announced that payment of coupons and principals in respect of the Domestic Debt Exchange Programme (DDEP) will start on March 13, 2023. This announcement from the Ministry comes after the

Business
DDEP: Minister Of Finance Gives Assurance That Gov’t Will Honor All Exempted Bonds

DDEP: Minister Of Finance Gives Assurance That Gov’t Will Honor All Exempted Bonds

After the end of the deadline for the Domestic Debt Exchange Program (DDEP), the Minister of Finance, Ken Ofori-Atta has assured the public that all exempted coupons will be honored by government according the contractual

Opinion
Bright Simons Writes: The Magic Math of Ghana’s Debt Games

Bright Simons Writes: The Magic Math of Ghana’s Debt Games

Regular readers of this page were puzzled when after weeks of projections by analysts of a final participation rate of between 60% and 65% in Ghana’s domestic debt restructuring exercise (DDE), the government triumphantly announced

Business
Full Text: Finance Minister’s Address To Parliament On Current State Of Debt Exchange Program

Full Text: Finance Minister’s Address To Parliament On Current State Of Debt Exchange Program

Upon the summons of the parliament, Finance Minister, Ken Ofori-Atta was in Parliament today, Thursday, February 16th, 2023 to address members of the house the current state of government's Domestic Debt Exchange Program (DDEP) and