Five-point-eight billion cedis (GH¢5,847.72 million) became the largest coupon paid in a day in Ghana’s history to domestic bondholders, President Akufo-Addo has revealed.
Statement below…
Mr. Speaker, as you may recall, Government successfully paid the first coupon of two-point-three billion cedis (GH¢2,369.67 million) on the new bonds on 22nd August 2023. At the time, that was the single biggest payout of domestic payments in a single day for Ghana. We, then paid two billion and sixty million cedis (GH¢2,060.72 million) for the last leg of the domestic debt exchange on 5th September 2023.
A week ago, last Tuesday, on 20th February 2024, the second coupon of five-point-eight billion cedis (GH¢5,847.72 million) was paid to domestic bondholders. This is the largest coupon paid in a day in Ghana’s history.
On the external debt side, we achieved a significant milestone by reaching an agreement with our public creditors, and I will use this occasion to express our appreciation to the Republic of France and the People’s Republic of China, co-Chairs of the Official Creditors Committee, for their positive roles in this achievement.
We have also intensified our engagement with our external bondholders on the principles of transparency, fair treatment, consistency with the IMF debt sustainability analysis, and good faith