The Minority in Parliament has dismissed the government’s recent payment of bond coupons as routine, arguing that it is not an extraordinary achievement deserving of praise.

Speaking to the media after President John Dramani Mahama’s first State of the Nation Address, Nhyiaeso MP Stephen Amoah insisted that the New Patriotic Party (NPP) administration had consistently honored its financial obligations without defaulting, making similar payments before leaving office.

“The NDC government recently fulfilled the obligations of the Government of Ghana towards domestic bondholders through the fourth payment of coupons to them. Whilst this is commendable, we in the Minority want to assure the people of Ghana that we will ensure investor confidence continues to be sustained in our economy as we promise to hold this government to its obligations in the same way the previous NPP government did after the debt restructuring exercise,” he stated.

Mr. Amoah pointed out that the February 18, 2025, coupon payments were merely a continuation of commitments made by the previous government, stressing that such obligations had been met consistently since August 2023.

“On the Domestic Bondholders, we wish to remind the people of Ghana that the payment of coupons to them on the 18th of February 2025 was not a novelty. The previous NPP government did not default in coupon payments as it made all payments due to domestic bondholders since August 2023,” he emphasized.

Backing his claims with figures, Mr. Amoah revealed that between August 2023 and December 2024, the NPP government had already disbursed GHS17.25 billion in cash payments and GHS9.77 billion in kind to bondholders as per the agreed terms. Additionally, individual bondholders who did not tender their bonds were paid GHS515.17 million under the Memorandum of Understanding signed with the Coalition of Individual Bondholders.

The Minority, therefore, called on the Mahama administration to maintain transparency and consistency in financial management instead of touting routine payments as a major accomplishment.