Energy News WAPCo cuts supply over $13m mounting debt Kofi Ahovi Jul 5, 2023 0 The West African Gas Pipeline Company Limited (WAPCo) has suspensed natural gas transportation services to the Ghana National…
Banking and Finance $600 million IMF money drops today Kofi Ahovi May 19, 2023 0 The first tranche of $600 million out of the $3billion IMF programme will hit the accounts of the Bank of Ghana today, May 19,…
Banking and Finance Debt restructuring: Nation seeks $10.5 billion in savings. Kofi Ahovi May 19, 2023 0 The government is targeting an external debt relief of $10.5 billion between this year and 2026 as it engages its external…
Economy Govt-IMF deal: No financing assurances before June — Fitch Kofi Ahovi Apr 27, 2023 0 INTERNATIONAL ratings agency, Fitch Ratings, has said that it does not expect the country to secure financing assurances from its…
Economy Ghana’s IMF programme: Paris Club, China, other creditors agree to form OCC Kofi Ahovi Mar 27, 2023 0 The Paris Club, China, India, Saudi Arabia, and Turkey have agreed to form the Official Creditor Committee (OCC) and provide…
Economy Ghana’s debt unchanged at ¢575.7bn – BoG Kofi Ahovi Mar 27, 2023 0 Ghana’s public debt stock remained unchanged at ¢575.7 billion at the end of November 2022, about 93.5% of Gross Domestic Product,…
Economy Ghana ranks 1st with Africa’s highest outstanding loans to IMF Kofi Ahovi Mar 21, 2023 0 Ghana is the most indebted African country to the International Monetary Fund though the country’s debt to the Fund was unchanged…
Energy News ECG begins exercise to recover GH¢5.7b arrears Kofi Ahovi Mar 20, 2023 0 The Electricity Company of Ghana (ECG) is embarking on a nationwide revenue mobilisation exercise from today to recover all unpaid…
Banking and Finance Standard Bank may re-capitalise Ghana subsidiary; makes $81m provision for… Kofi Ahovi Mar 10, 2023 0 Africa’s biggest lender by assets, Standard Bank is ready to re-capitalise its Ghanaian unit after making provisions to cover more…
Economy Government postpones meeting with China on debt cancellation to March 2023 Kofi Ahovi Feb 23, 2023 0 Finance Minister, Ken Ofori-Atta, has hinted that a planned high-level government delegation to China has been postponed to late…