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