News
Government to honour outstanding coupons and maturing principals of bondholders who refused to participate in DDEP
• Finance Minister Ken Ofori Atta
The Government has assured persons who refused to participate in the just-ended Domestic Debt Exchange Programme(DDEP) that they will be paid their outstanding coupons and maturing principals.
This according to government, will be done in line with its fiscal commitments.
the government said in a statement issued by the Ministry of Finance on Tuesday, February 14.
A statement released by the Ministry of Finance on Tuesday, February 14, 2023 stated that the “Government would like to reassure all individual bondholders who elected not to participate that your coupon payments and maturing principals, like all Government bonds, will be honoured in line with Government fiscal commitments.”
The Government in the said statement also thanked the people of Ghana for their support and contribution to the DDEP
“The DDEP is being done to help protect the economy and enhance our capacity to service our public debts effectively. The alternative for not executing the DDEP would have brought grave disorder in the servicing of our national debt and exacerbated the current economic crisis.
It further added that“The government is, therefore, grateful for the overwhelming participation of all bondholders. Your support and contributions have gotten your country much closer to securing the IMF programme.”
The government also disclosed that it achieved more than the 80% target needed for the Domestic Debt Exchange Programme (DDEP).
The programme is part of the requirements before Ghana can secure an economic bailout of about $3 billion from the International Monetary Fund (IMF).
By Edem Mensah-Tsotorme
News
National Service Authority to Introduce Military Training
Management of the National Service Authority, yesterday, Wednesday, April 23, 2025, held talks with the Military High Command towards the implementation of the National Service Emergency Response Readiness Programme (NSERRP).
When implemented, this will reflect His Excellency the President’s commitment towards the implementation of a short military training for National Service Personnel (NSPs) as planned efforts to instill discipline, nationalism and physical fitness among Ghanaian graduates.
The President shared this position during his maiden State of the Nation Address in Parliament on Thursday February 27, 2025.
At yesterday ’s meeting, the Director-General, Mr. Felix Gyamfi reiterated the need for all personnel to undergo basic military drills and orientation as part of orienting the youth to embrace national development.
“The introduction of this military training is a step in the right direction and must be embraced by all and sundry as one of the indicators for resetting the country, particularly the youth,” he commented.
On his part, Brigadier General Amoah-Boakye assured the Authority of their willingness to provide the requisite training for personnel when the Programme officially commences.
In all, personnel will receive up to two months of composite basic military drills starting 3rd August, 2025.
News
Ghana Tourism Authority acts on concerns of minors allegedly taken to Hotel in Accra New Town.
The Ghana Tourism Authority (GTA) has taken swift action following reports circulating on social media regarding an incident involving minors allegedly taken to a hotel in Accra New Town.
The case has been formally reported to the Nima Division of the Ghana Police Service for investigation.
In line with their mandate to ensure safety and compliance in the tourism and hospitality sector, our CEO Mrs.Maame Efua Houadjeto delegated a team from the GTA Head Office, Mr. Gilbert Abeiku Aggrey, Deputy CEO, Special Duties and Mr Ekow Sampson, Deputy CEO, Operations who joined the Greater Accra Regional Director, Ms. Roberta Dawson-Amoah, and the Deputy Director of Marketing, Ms. Clara Nketiah, to visit the said facility.
The objective was to verify the facts on the ground and take necessary regulatory action.
They commended the Ghana Police Service for their co-operation and continued support in the ongoing investigation.
Additionally, the team inspected Royal Dede Beach Resort, which has been converted into a hostel under new management without official notification to the Ghana Tourism Authority.
The team discovered that the hostel’s operations were not in compliance with the L. I 2239. Meanwhile the operator has been directed to the Standards and Quality Assurance Department of the Authority for the necessary regulation.
“We remind all accommodation operators that the Tourism(Registration and Licensing of Accommodation) Regulations, 2016 (L.I. 2239) mandates every facility to register and obtain a license from the GTA before commencing operations.
This regulation ensures quality, safety, and compliance across the industry,” they noted.
The GTA they said, remains committed to safeguarding the public and upholding the highest standards in the hospitality sector and urged
the public to report suspicious or non-compliant facilities to the nearest GTA office.
