The Finance Ministry has stated that the government is committed to meeting its future payment obligations to bondholders under the Domestic Debt Exchange Programme (DDEP).
The Ministry released a statement to that effect.
It stated that the government had no intention of breaking such promises.
“The Government of Ghana hereby reiterates its commitment to honouring all future payment obligations, in accordance with the terms of the new arrangements,” it said in an August 23 communiqué.
“Government further re-affirms its commitment to the success of the new bonds and a credible and strong domestic securities trading market,” the Finance Ministry added.
The government on Tuesday, August 22, settled ¢2.4 billion of the first coupon payment on bonds occasioned by the controversial Domestic Debt Exchange Programme.
According to the government, the process is in line with the government’s commitment to the continuous success and credibility of Ghana’s domestic debt operations.
Read the full statement below