The Finance Minister, Dr. Mohammed Amin Adam, has reported some progress in paying investors following the completion of the Domestic Debt Exchange Programme (DDEP) in September 2023.
According to the Minister, the third payment of the coupon will be in August 2024. An occurrence he noted proves government commitment to honor its financial obligations.
Addressing Parliament when presenting the Mid-Year Budget Review, he detailed the government's achievement in making the first two coupon payments, including the second payment of approximately 5.9 billion Ghana Cedis in February 2024.
“I am pleased to report that Government has made substantial progress since the completion of the Domestic Debt Exchange Programme (DDEP) in September 2023.
“We have successfully honoured two coupon payments, with the second payment of about 5.9 billion Ghana Cedis in February 2024. Furthermore, we are on track to make the third coupon payment of 6.1 billion Ghana Cedis in August 2024,” he noted.
Dr. Amin Adam believed that the payment of the third coupon would boost confidence in the country’s economy.
“The timely payments of these coupons will undoubtedly improve investor confidence in the domestic market and bolster the overall economy,” he stated.
Latest Stories
-
35th CIMG Awards: Full list of winners
1 hour -
The Multimedia Group wins big at CIMG Awards 2023
2 hours -
Bernard Mornah wins PNC flagbearship race
2 hours -
Video: Confusion at PNC National Executives election
3 hours -
Rapper E.L. joins King Promise as Guinness Accravaganza headliner for September 21 showdown
4 hours -
PNC Congress: Bernard Mornah leads in Greater Accra Region
4 hours -
Reject violence, divisive rhetoric, embrace peace ahead of elections – Bawumia appeals to Ghanaians
5 hours -
SEFF’s debut single ‘Father’ sets stage for bold new talent
6 hours -
Super typhoon Yagi kills four in Vietnam
6 hours -
Hollard Insurance-UENR Mentoring Day: Students urged to let hard work, integrity shine to advance career
6 hours -
2024/25 GPL: Vision FC opens campaign with draw against Berekum Chelsea
6 hours -
If Baba Yara pitch was good, Mumin clears the ball – Laryea Kingston
7 hours -
GPL 2024/25: Samartex begin title defence with draw against Dreams FC
7 hours -
Financing road construction and maintenance through a special fuel levy: A sustainable solution for Ghana’s road infrastructure
7 hours -
Ghana Celebrity Impact Awards 2024 launched to honor positive social influence
8 hours