A statement issued by Mr Felix Kwakye Ofosu, Spokesperson to the President and Minister of State in-charge of Government Communications, copied to the Ghana News Agency, said the payment followed a directive from President John Dramani Mahama.   

It said the Government had also honoured the Payment-in-Kind (PIK) portion of GHS3.46 billion, deposited into the respective bondholders’ securities accounts in line with the DDEP Memorandum.   

It said additionally, the Government had 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 would fall due in July and August, 2025.   

President Mahama is committed to the Government honouring of all obligations under the DDEP it said.  

Through the 2025 Budget Statement, the Government will announce further measures that will help to restore market confidence in the economy, prioritise spending and improve transparency and accountability in public finances. 

It said ultimately, the Government seeks to restore fiscal prudence while ensuring value for every pesewa spent.   

The statement said despite the challenging economy that was bequeathed by the previous administration, the Government was determined to bring back a stable Cedi, control spiraling inflation and create jobs for the teeming youth.