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.

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“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.