Public Debt Now GHS112b
Ghana’s total public debt stock, which stood at GH¢110 billion at the end of August, increased to GH¢112.4 billion at the end of September 2016, representing 67.4 percent of Gross Domestic...
Tag: debt
Government Owes BDCs GHS2b
Government has to seek an additional GH¢1.2 billion to be able to pay off all debts owed Bulk Oil Distribution Companies (BDCs) which, currently, is over GH¢2.2billion (GH¢2,263,610,424). This is...
Teachers Vow To Vote Out Mahama Over Salary Arrears
Some teachers in the Upper West Region have threatened to vote out the John Mahama-led government if it fails to pay them their salary arrears among other unpaid monies by the end of November....
Manchester United Face £20m Adidas Champions League Blow
Manchester United will lose more than £20m in sponsorship income from Adidas if they fail to qualify for next year's Champions League. The German sportswear giant is in the second season of a...
IMF Frees Zimbabwe Off Sanctions After Paying Arrears
The International Monetary Fund (IMF) has lifted remedial measures against Zimbabwe after the southern African country cleared its 15-year debt arrears to the multilateral financial institution last...
Borrowers, Lenders Embrace New Collateralisation
A new trend is emerging in the financial market, where an increasing number of borrowers and lenders prefer to use their holdings equities and debt securities such as shares, bonds and treasury bills...
Maiden 10-Year Bond Fetches Ghana GHS438m At 19% Interest
Government has raised 438 million cedis ($110 million) worth of bids for its first 10-year domestic bond issued today at a cost of 19 percent. The bond which will mature in 2026 was also opened to...
Banks Crave More Loan Restructuring Deals
Government’s decision to restructure Volta River Authority’s (VRA) debts has been well received by banks in the country which are hoping such arrangements will be made for other State-Owned...
Govt Makes Second Payment On Legacy Debt
The President of the Ghana Bankers Association, Alhassan Andani has stated that banks that were owed by government under the legacy debt have received second payment in the first week of September....
Probe Sale of ‘scrap’ Vessel
Some Union Members of the Ghana Ports and Harbours Authority (GPHA) have called for a full scale investigation to unravel the circumstance under which a vessel considered as scrap was fraudulently...
Hearts Players Paid Outstanding Salaries
Hearts of Oak have settled all outstanding salaries of its players paving way for pre season to start on Saturday. GHANASoccernet.com can confirm players were paid three months arrears and are each...
US$60 Million Loan Agreement Will Sink ECG – Akoto Osei
A loan worth 60 million dollars being procured by the government of Ghana for the Electricity Company of Ghana has left Parliament divided again. The loan is to upgrade the distribution network of...
Government Fleecing ECG
Minority in parliament has criticised the President Mahama led National Democratic Congress (NDC) government over a high interest loan facility being offered to the Electricity Company of Ghana...
Brace Up To Pay More For Power In 2017 – Expert
Energy expert Kojo Opoku is predicting that electricity consumers will be paying more for the service in 2017. According to him, the power distributor needs a lot of funds to deal with its...
Brace Up To Pay More For Power In 2017 – Expert Advises
Energy expert Kojo Opoku is predicting that electricity consumers will be paying more for the service in 2017. According to him, the power distributor needs a lot of funds to deal with its...
OccupyGhana Pursues Woyome GH¢51 Million Payout
Pressure group OccupyGhana says it’s monitoring closely the Attorney General’s latest effort to retrieve the GH¢51.2 million unlawfully paid to Alfred Agbesi Woyome. The Supreme Court in July...
Tax Hikes Will Intensify After December – CSOs
Civil Society organisations (CSOs) have indicated that government’s spending cuts and tax rises will intensify after the December 2016 elections which would lead to job losses. According to the...
Interest Payments Expenditure Worrying – Minority
A member of the Finance Committee of Parliament, Dr. Mark Assibey-Yeboah has questioned the GH¢1.9 billion to be expended on interest payments for the first quarter of next year, out of a total...
Ghana Will Be In A State of Economic Hopelessness 2017 – Economist
An Economist and Member of Parliament (MP) for New Juaben South, Dr. Mark Assibey-Yeboah, is cautioning Ghanaians not to expect anything good from the governing National Democratic Congress (NDC) in...
Check Rising Debt Levels – Dalex CEO Tells Government
Government has been advised to check the country’s rising debt stock. Chief Executive Officer (CEO) of Dalex Finance, Ken Thompson, who gave the advice recently in an interview with journalists in...