Famous comedian and actor, of Ghanaian descent Michael Blackson has expressed his excitement as President John Dramani Mahama has honoured the Payment-In-Cash (PIC) coupon of GHS6.081 billion to all Domestic Debt Exchange Programme (DDEP) bondholders.
According to Michael Blackson, President Mahama has put a smile on the faces of kids at my free School.
This follows a directive from President Mahama to settle all Domestic Debt Exchange Programme (DDEP) bondholders.
The Mahama government have a (PIK) portion of GHS3.46 billion credited into the respective bondholders’ securities accounts.
Spokesperson to the President and Minister, of Government Communications, Felix Kwakye Ofosu made this known in a statement issued on Monday, February 17, 2025.
Felix Kwakye Ofosu asserted that President Mahama is committed to the government honouring all obligations under the DDEP.
The statement reads, “Following a directive from President John Dramani Mahama, the Ministry of Finance has today, 17th February 2025, honoured the Payment-In-Cash (PIC) coupon of GHS6.081 billion to all Domestic Debt Exchange Programme (DDEP) bondholders”.
Michael Blackson in reaction to the news further revealed he is now an official member of the National Democratic Congress(NDC).
The famous comedian and actor last year called out the erstwhile Akufo-Addo government for their decision to prioritize debt repayments to other nations, particularly China.
In a series of posts on social media platform X, Michael Blackson detailed his frustrations with the government’s decision to prioritize debt repayments to other nations, particularly China.
He expressed significant disappointment with the government of Ghana following its default on Eurobond payments.
Mr. Blackson who invested $1 million in Eurobonds to fund his free school in Agona Nsaba stated, “I’m taking Ghana to the world court; they won’t get away with this. Bonds only go bad if there’s some type of civil war. You don’t take your customers’ money and pay your debt with it.”
See the post below:
“I’m officially a member of the NDC party” – @MichaelBlackson states after Mahama directs Minister of Finance to settle DDEP debts#3NewsGH pic.twitter.com/Sgjp6CmaR6
— #3NewsGH (@3NewsGH) February 18, 2025
