See when investors will receive their third coupon payment under the DDEP

The Finance Minister, Dr. Mohammed Amin Adam, has confirmed that investors will receive their third coupon payment under the Domestic Debt Exchange Programme (DDEP) in August 2024. 

This announcement was made during his presentation of the Mid-Year Budget Review to Parliament today (July 23, 2024).

The Domestic Debt Exchange Programme, completed in September 2023, has seen the government making payments to investors. 

Dr. Amin Adam highlighted the progress, noting that the government successfully made the first two coupon payments, including a significant second payment of approximately 5.9 billion Ghana Cedis in February 2024.

“I am pleased to report that the 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,” stated Dr. Amin Adam.

The Finance Minister believes that these timely payments are crucial for maintaining investor confidence in the domestic market and bolstering the overall economy. 

"The timely payments of these coupons will undoubtedly improve investor confidence in the domestic market and bolster the overall economy," he added.