Former Chief Justice Sophia Akuffo says she has no regrets about joining pensioners in picketing the Finance Ministry during the controversial Domestic Debt Exchange Programme (DDEP) in 2023. “If I had to do it again, I would do it,” she declared on Joy News’ PM Express Business Edition on Thursday. Her appearance on the picket line […]
Government has paid GH¢10 billion in interest under the Domestic Debt Exchange Programme (DDEP), marking a major milestone in the country’s fiscal consolidation efforts. The payment, announced on Wednesday, is the sixth coupon settlement under the programme and the second made entirely in cash, with no Payment-In-Kind component. The full cash settlement covers cedi-denominated DDEP […]
During the filing of his nomination papers on Wednesday, New Patriotic Party flagbearer aspirant Bryan Acheampong, during his address, promised to pay all domestic bondholders under the Domestic Debt Exchange Programme (DDEP). While Bryan Acheampong’s promise looks so sweet on paper, the fact is that what he is seeking to do is not possible to […]
Government has pumped GH¢9.7 billion into the economy in its latest coupon payment under the Domestic Debt Exchange Programme (DDEP). The Finance Ministry, in a statement, confirmed that the sum of GH¢9,698,815,220.17 was disbursed on Tuesday, bringing the total payout under the programme this year alone to a jaw-dropping GH¢19.4 billion. Officials say the move […]
Finance Minister Dr Cassiel Ato Forson has assured banks that the government has built sufficient financial buffers to meet all Domestic Debt Exchange Programme (DDEP) obligations this year. Speaking at a high-level meeting with over 22 Managing Directors of banks, he reaffirmed the government’s commitment to fiscal responsibility and restoring confidence in the financial sector. […]
Fitch Ratings has expressed optimism about the recovery of Ghana’s banking sector, citing strong profits and improved capitalisation after the challenges brought on by the Domestic Debt Exchange Programme (DDEP). The ratings agency forecasts a brighter outlook for the sector as economic stabilisation efforts gain momentum. In its latest report, Fitch highlighted the critical role […]
The Ghanaian government has extended fresh invitations to bondholders of E.S.L.A. Plc and Daakye Trust Plc, encouraging them to engage in the domestic debt exchange programme by trading their existing holdings for a new package. A press release issued on September 13 by the Ministry of Finance called upon holders of domestic notes and bonds […]
The GCB Bank PLC has sought the approval of its shareholders for GH₵1 billion to meet the regulatory capital adequacy ratio requirements and strengthen access to funding markets in order to bolster confidence in the Bank. This target has been necessitated in the bid to address the impact of the Domestic Debt Exchange Program (DDEP). […]
The Domestic Debt Exchange Programme presents a silver lining that the country must grab with both hands and fly with it, the Managing Director of Ghana Stock Exchange, Abena Amoah has said. She said the DDEP would reset the interest rate regime of the country and also help free up capital for investment in the […]
The Speaker of Parliament has asked the Finance Minister, Ken Ofori-Atta, not to touch monies belonging to pensioners. Alban Bagbin said the current economic crisis can be solved without the funds of the pensioner. Wrapping up on the business of the House on Thursday, February 16, the former Nadowli Kaleo MP said Parliament will resist […]
The government has secured more than 80 per cent of targeted participation in the Domestic Debt Exchange Programme (DDEP), a source familiar with the process hastold the Daily Graphic. According to the source, the Central Securities Depository was conducting the final reconciliation of the numbers to ensure that there was no double counting. The deadline […]
The Speaker of Parliament, Alban Sumana Kingsford Bagbin, has directed the Business Committee of Parliament to schedule the Finance Minister, Ken Ofori-Atta, to appear before the House to brief members on affairs of the domestic debt exchange programme (DDEP). He said both sides of the House had agreed that the Finance Minister be scheduled to […]
