Mahama Reassures Bondholders of Full Debt Repayment

President John Dramani Mahama has reaffirmed the government's commitment to repaying all debt obligations, assuring bondholders that every pesewa owed will be paid in full.

Delivering the 2025 State of the Nation Address in Parliament, Mahama outlined measures taken to enhance debt management, including the creation of financial buffers to ensure timely repayment of both domestic and external debts.

“As we have done previously, we are building buffers in the sinking fund and adopting prudent debt management practices to ensure the prompt repayment of upcoming domestic and external debt maturities,” he stated.

Mahama disclosed that the government had successfully settled a matured coupon payment amounting to $6.081 billion in cash and $3.46 billion in kind for bondholders affected by the Domestic Debt Exchange Programme (DDEP) in February 2025.

“The good news is that we have built additional buffers in the sinking fund to honor the maturing bonds due in July and August. Bondholders can rest assured that they will be paid to the last pesewa that is owed them,” he assured.

His remarks come amid concerns over Ghana’s debt sustainability following past delays in debt servicing. Under the previous administration, bondholders faced challenges due to economic hardships and restructuring efforts that caused payment delays and investor losses.

Mahama's assurance aims to restore investor confidence and stabilize Ghana’s financial outlook as the country continues its debt recovery efforts.