• Contact US
  • Advertise With US
  • Privacy & Policy
  • Submit Station
Thursday, October 2, 2025
Kumasi Mail
Advertisement
  • Home
  • News
    • All
    • Education
    • Health
    • Manhyia
    NADMO extends relief to conflict-affected communities in Bole district

    NADMO extends relief to conflict-affected communities in Bole district

    Tobinco Pharmaceuticals donates Air Conditioner to St. Theresa Catholic Hospital in Nandom

    Tobinco Pharmaceuticals donates Air Conditioner to St. Theresa Catholic Hospital in Nandom

    ‘Arrogance and Reversal’: Minority slams and demands Sam George to account for GH₵10,000 levy imposed on DSTV

    ‘Arrogance and Reversal’: Minority slams and demands Sam George to account for GH₵10,000 levy imposed on DSTV

    Abronye’s allegations against Kennedy Agyapong exposed as baseless, NPP Gen Sec fires back

    Abronye’s allegations against Kennedy Agyapong exposed as baseless, NPP Gen Sec fires back

    Kodua threatens mass suspensions if given power in his role as General Secretary

    Kodua threatens mass suspensions if given power in his role as General Secretary

    Ghana to introduce HIV preventive vaccine by 2026, plans local production

    Ghana to introduce HIV preventive vaccine by 2026, plans local production

    Four armed robbers including two soldiers, arrested  at Prestea Mining site

    Four armed robbers including two soldiers, arrested at Prestea Mining site

    We’re working with police to arrest dismissed KNUST SHS assistant headmaster – Gender Minister

    We’re working with police to arrest dismissed KNUST SHS assistant headmaster – Gender Minister

    GBA President urges Lawyers to prioritize public service

    Artificial Intelligence can enhance Ghana’s courts – GBA President

    • Health
    • Education
  • Election 2024
  • Politics
  • Business
  • Showbiz
  • Opinion
  • Sports
  • World
  • Media
  • Manhyia
  • History
No Result
View All Result
  • Home
  • News
    • All
    • Education
    • Health
    • Manhyia
    NADMO extends relief to conflict-affected communities in Bole district

    NADMO extends relief to conflict-affected communities in Bole district

    Tobinco Pharmaceuticals donates Air Conditioner to St. Theresa Catholic Hospital in Nandom

    Tobinco Pharmaceuticals donates Air Conditioner to St. Theresa Catholic Hospital in Nandom

    ‘Arrogance and Reversal’: Minority slams and demands Sam George to account for GH₵10,000 levy imposed on DSTV

    ‘Arrogance and Reversal’: Minority slams and demands Sam George to account for GH₵10,000 levy imposed on DSTV

    Abronye’s allegations against Kennedy Agyapong exposed as baseless, NPP Gen Sec fires back

    Abronye’s allegations against Kennedy Agyapong exposed as baseless, NPP Gen Sec fires back

    Kodua threatens mass suspensions if given power in his role as General Secretary

    Kodua threatens mass suspensions if given power in his role as General Secretary

    Ghana to introduce HIV preventive vaccine by 2026, plans local production

    Ghana to introduce HIV preventive vaccine by 2026, plans local production

    Four armed robbers including two soldiers, arrested  at Prestea Mining site

    Four armed robbers including two soldiers, arrested at Prestea Mining site

    We’re working with police to arrest dismissed KNUST SHS assistant headmaster – Gender Minister

    We’re working with police to arrest dismissed KNUST SHS assistant headmaster – Gender Minister

    GBA President urges Lawyers to prioritize public service

    Artificial Intelligence can enhance Ghana’s courts – GBA President

    • Health
    • Education
  • Election 2024
  • Politics
  • Business
  • Showbiz
  • Opinion
  • Sports
  • World
  • Media
  • Manhyia
  • History
No Result
View All Result
Kumasi Mail
No Result
View All Result
  • Home
  • News
  • Election 2024
  • Politics
  • Business
  • Showbiz
  • Opinion
  • Sports
  • World
  • Media
  • Manhyia
  • History
Home Business

Mahama administration settles DDEP coupons, bolsters debt buffer with billions

Kumasi Mail by Kumasi Mail
February 17, 2025
in Business
0
President Mahama revealed temporary solution to address feeding crisis in SHS

President John Dramani Mahama speaking during National Prayer and thanks giving Service in Accra.

Share on FacebookShare on Twitter

President John Dramani Mahama’s administration has made significant strides in fulfilling its obligations under the Domestic Debt Exchange Programme (DDEP).

The Ministry of Finance, under the President’s directive, has released a substantial GHS6.081 billion in Payment-In-Cash (PIC) coupons to DDEP bondholders today.

Beyond the cash injection, the government has also honored the Payment-In-Kind (PIK) component, injecting GHS3.46 billion directly into bondholders’ securities accounts, aligning with the DDEP Memorandum’s stipulations.

Looking ahead, the Mahama administration isn’t just meeting immediate needs.

A significant GHS9.7 billion has been strategically deposited into the Debt Service Recovery Cedi Account, also known as the Sinking Fund.

This substantial deposit acts as a financial safeguard, ensuring the government is well-prepared for the 5th DDEP coupon payment due in July and August of this year.

In a statement signed by Minister for Government Communications, Felix Kwakye Ofosu, President Mahama reiterated his unwavering commitment to fulfilling all obligations under the DDEP, a crucial step in rebuilding investor confidence and stabilizing the national economy.

The upcoming 2025 budget statement promises to unveil further strategic measures designed to achieve this. The focus will be on:
Restoring Market confidence, Prioritizing Spending and improving transparency, accountability and creating jobs for the teeming youths of the country.

Here is the government press release:

Source :www.kumasimail.com /Kwadwo Owusu

ShareTweetSend
Previous Post

Yaw Owusu Obimpeh elected Ashanti regional Council of State representative

Next Post

Allegations of vote buying cloud Ashanti regional Council of State election

YOU MAY LIKE

Inflation drops by 2.8%  points in May 2025
Business

Inflation falls to 9.4% in September, first single-digit in four years

MTN SME Support Program Rewards 160 Entrepreneurs in Tamale with GH¢2 Million
Business

Brewing Dreams, One Sobolo Tea at a Time: The Story of Angbanlife

MTN SME Support Program Rewards 160 Entrepreneurs in Tamale with GH¢2 Million
Business

MTN SME Support Program Rewards 160 Entrepreneurs in Tamale with GH¢2 Million

Hungarian firms explore food security partnership with Ghana Armed Forces
Business

Hungarian firms explore food security partnership with Ghana Armed Forces

Farmers are suffering greatly; We carry barrels of water daily to spray our crops due to Galamsey- PFAG
Business

Farmers are suffering greatly; We carry barrels of water daily to spray our crops due to Galamsey- PFAG

Next Post
Allegations of vote buying cloud Ashanti regional Council of State election

Allegations of vote buying cloud Ashanti regional Council of State election

Ghana Catholic Bishops’ Conference, Christian Council decry exclusion from National Education Forum

Ghana Catholic Bishops’ Conference, Christian Council decry exclusion from National Education Forum

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

LATEST NEWS

Film industry needs tax incentives to attract big production deals

Film industry needs tax incentives to attract big production deals

Accra embraces Israeli Cinema as the wedding plan captivates film festival crowd

Accra embraces Israeli Cinema as the wedding plan captivates film festival crowd

NADMO extends relief to conflict-affected communities in Bole district

NADMO extends relief to conflict-affected communities in Bole district

Tobinco Pharmaceuticals donates Air Conditioner to St. Theresa Catholic Hospital in Nandom

Tobinco Pharmaceuticals donates Air Conditioner to St. Theresa Catholic Hospital in Nandom

‘Arrogance and Reversal’: Minority slams and demands Sam George to account for GH₵10,000 levy imposed on DSTV

‘Arrogance and Reversal’: Minority slams and demands Sam George to account for GH₵10,000 levy imposed on DSTV

Abronye’s allegations against Kennedy Agyapong exposed as baseless, NPP Gen Sec fires back

Abronye’s allegations against Kennedy Agyapong exposed as baseless, NPP Gen Sec fires back

Kodua threatens mass suspensions if given power in his role as General Secretary

Kodua threatens mass suspensions if given power in his role as General Secretary

Ghana to introduce HIV preventive vaccine by 2026, plans local production

Ghana to introduce HIV preventive vaccine by 2026, plans local production

Some Ashanti NPP Constituency Youth Organizers endorse Bryan Acheampong for 2028 flagbearer race

Some Ashanti NPP Constituency Youth Organizers endorse Bryan Acheampong for 2028 flagbearer race

Four armed robbers including two soldiers, arrested  at Prestea Mining site

Four armed robbers including two soldiers, arrested at Prestea Mining site

  • Trending
  • Comments
  • Latest
52-Year-old man arrested in Nsawam for possessing suspected EC Biometric Device

52-Year-old man arrested in Nsawam for possessing suspected EC Biometric Device

Ghana Airforce Z-9 Helicopter Goes Missing en Route to Obuasi, Rescue Efforts Underway

Ghana Airforce Z-9 Helicopter Goes Missing en Route to Obuasi, Rescue Efforts Underway

Asokore Mamponhene Nana Boakye Ansah passes away

Asokore Mamponhene Nana Boakye Ansah passes away

EPA CEO calls for Immediate action to restore polluted water bodies in Ashanti region

EPA CEO calls for Immediate action to restore polluted water bodies in Ashanti region

Hello world!

1
NCA promises lower data prices by year-end

NCA promises lower data prices by year-end

1
COVID-19: Information Ministry justifies GHC150K spent on staff

COVID-19: Information Ministry justifies GHC150K spent on staff

1
EC to conduct mop-up registration August 1-3

EC to conduct mop-up registration August 1-3

1
Film industry needs tax incentives to attract big production deals

Film industry needs tax incentives to attract big production deals

Accra embraces Israeli Cinema as the wedding plan captivates film festival crowd

Accra embraces Israeli Cinema as the wedding plan captivates film festival crowd

NADMO extends relief to conflict-affected communities in Bole district

NADMO extends relief to conflict-affected communities in Bole district

Tobinco Pharmaceuticals donates Air Conditioner to St. Theresa Catholic Hospital in Nandom

Tobinco Pharmaceuticals donates Air Conditioner to St. Theresa Catholic Hospital in Nandom

Facebook Twitter Youtube Instagram
Kumasi Mail

About US

Advertise With US

Submit Station

© 2024 KumasiMail.com