Advance Payments for Bondholders Announced by Finance Minister
The Finance Minister, Dr. Cassiel Ato Forson, has made a significant announcement regarding the Domestic Debt Exchange Programme (DDEP), revealing that bondholders with payments due on February 16, 2027, will have the opportunity to receive their payments ahead of schedule.
Budget Insights and Available Funds
During the presentation of the 2027 Budget, Dr. Forson disclosed that the government currently holds GH₵29 billion in a sinking fund designated for these payments. He emphasized the availability of funds, assuring bondholders that they would experience no delays when the payment date arrives.
Critique of Previous Administration
In his remarks, Dr. Forson criticized the former New Patriotic Party (NPP) government, alleging that they deliberately shifted the substantial burdens of DDEP repayments to the succeeding administration. He articulated that the NPP’s payment structure was designed to defer financial obligations rather than resolve them during their governance.
Commitment to Financial Responsibility
Highlighting the current government’s commitment, Dr. Forson stated that they have recognized their responsibilities and have made adequate provisions to fulfill the debt obligations, assuring stakeholders of their financial accountability.
By Edem Mensah-Tsotorme
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