Bright Simons: Ghana begins its dance with creditors
Barring a last-minute change to plans, Ghana will formally announce its intent to default on its debt early next week.
This was…
Browsing Tag
debt
Gov’t adds GHS2.2bn fresh debt to stock
The Central Government, through the Ministry of Finance (MoF), has taken on fresh debt amounting to some GHS 2.22bn through the…
Rising external debt sparks foreign currency demand, cedi depreciation
Auditing and management firm, Deloitte Ghana is warning that the country’s rising external debt will lead to increased demand for…
IMF bailout talks:Debt, arrears contentious topics
The country’s bailout talks with the International Monetary Fund (IMF) are coming to an end, with debt and arrears accumulation…
BoG prescribes antidote to surging debt
THE Bank of Ghana (BoG) has expressed concern about the country’s debt situation and called for urgent interventions to prevent it…
Fitch downgrades economy over debt concerns
An international ratings agency, Fitch, has downgraded the country's long-term default rating to B negative over concerns that the…
H1 2021: Tullow Oil’s net debt reaches $2.3 billion
Net debt of oil major, Tullow oil, for the first half of 2021 reached $2.3 billion. This was announced by the oil firm’s Chief…
Government to borrow ¢611.94m in July to September 2021
Government will reduce its loans going forward as it will borrow only ¢611.94 million as fresh funds between July and September…
Government’s inability to audit tax exemptions worsening debt…
Former Minister of Finance, Seth Terkper has said the consistent inability of the current government to effectively audit tax…
Ecobank’s Head Office still open despite debt brouhaha
The management of Ecobank has refuted reports that the Supreme Court has ordered the closure of its Head Office building over…