Government secures GHS 3.9bn in reopened DDEP
The Government has successfully secured GH₵3.9 billion in the reopened domestic debt exchange program, as announced by the…
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debt
$2.22bn IMF-debt: Ghana retains top spot as Africa’s largest debtor to the…
Accompanied by fiscal challenges and a bid to revive its economy, Ghana’s debt to the International Monetary Fund (IMF) has surged…
Banks breach deposit Act : More DDEP losses expected, GH¢17.2bn yet to be…
Banks’ activities on the domestic bond market was a clear case of poor risk management practices and a breach of the Banks and…
WAPCo cuts supply over $13m mounting debt
The West African Gas Pipeline Company Limited (WAPCo) has suspensed natural gas transportation services to the Ghana National…
$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,…
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…