Government in February this year successfully restructured some GHC 87.76 billion of existing bonds to 16 new bonds with varied maturing dates ranging from August 2027 up until August 2038, while offering varied interest rates of up between 5% – 15% on the new bonds to be paid semi-annually.
Sharing the development on Twitter on Tuesday (22 August), the Finance Ministry said on its handle that the payment is in line with credibility of the Ghana’s domestic debt operation.
“In line with government’s commitment to the continued success and credibility of Ghana’s domestic debt operations, instructions have gone out for the settlement of the GHC 2.4 billion first coupon payment of the DDEP, due today, MoF tweeted.
In line with government’s commitment to the continued success and credibility of Ghana’s domestic debt operations, instructions have gone out for the settlement of the ~GHC 2.4 billion first coupon payment of the DDEP, due today. #ResolvingTogether #GhanaRising 1/2
— Office of the Finance Minister-Ghana (@oofmghana) August 22, 2023
In all, the government is expected to settle nearly GHS 2.5 billion to bondholders by the close of today, Tuesday 22 August 2023.
Reporting by Fred Dzakpata in Accra
Asaase Radio 99.5 broadcasts on radio via 99.5 in Accra, 98.5 in Kumasi, 99.7 in Tamale, 100.3 in Cape Coast and on our affiliates Bawku FM 101.5 in Bawku, Beats FM 99.9 in Bimbilla, Somua FM 89.9 in Gushegu, Stone City 90.7 in Ho, Mining City 89.5 in Tarkwa and Wale FM 106.9 in Walewale
Tune in to broadcasts online: www.asaaseradio.com, Sound Garden and TuneIn
Follow us on Twitter: @asaaseradio995
Live streaming on facebook.com/asaase99.5. Also on YouTube: AsaaseXtra.
Join the conversation. Call: 020 000 9951 or 059 415 7777. Or WhatsApp: 020 000 0995.