The Fall and Rise of Ghana’s Debt
Ghana is in a debt crisis. Despite having had significant amounts of debt cancelled a decade ago, the country is losing around 30% of government revenue in external debt payments each year. 1 Such...
Tag: debt
Ghana In Serious Debt Crisis
A new report, jointly published by seven organizations, has revealed that Ghana is in a debt crisis because the country is losing around 30% of government revenue in external debt payments each year....
Debt Crisis Hits Ghana
A NEW report, jointly published by seven organizations, has revealed that Ghana is in a debt crisis because the country is losing around 30% of government revenue in external debt payments each year....
Court Freezes Sports Ministry’s Accounts Over $20m Debt
The accounts of Ghana’s Ministry of Youth and Sports has been frozen by a court order, a situation that has rendered the ministry incapable of effecting its day-to-day activities. The sports...
Kufuor Doubled Debt; I’m Bringing It Down – Mahama
President John Mahama has said accusations that his government has ballooned the country’s debt stock are not true, rather accusing the main opposition New Patriotic Party (NPP) of doubling...
How A New Debt Trap Has Been Set
Ghana is in a debt crisis. Having had significant amounts of debt cancelled a decade ago, the country is losing around 30% of government revenue in external debt payments each year. Ghana's crisis...
Gov’t May Not Be Able To Tackle Public Debt In Good Time
Chief Executive of Dalex Finance, Ken Thompson, has cast doubt over government’s ability to tackle the public debt in good time to the benefit of the economy. As at July this year, the country’s...
Ghana Issues Maiden Dollar Bond On Local Market
The government last week trapped additional foreign exchange into its vault when it issued a United States dollar-denominated bond on the local market to raise a total of $94.64 million at a coupon...
Ghana Issues Maiden Domestic Dollar Bond?
Government successfully issued a US Dollar denominated bond on the domestic bond market. ? ?The 2-year bond issued last Thursday was highly subscribed to an amount of $94.64 million at a coupon rate...
Power Firms In GH¢19bn Maze of Debt
Government’s efforts to address the debt position of four key state-owned enterprises in the energy sector has left the International Monetary Fund (IMF) flummoxed as to how the debt restructuring...
Ghana Not At Risk of ‘HIPC’
The World Bank President says he does not think Ghana and other African countries with high debt levels are at risk of falling into debt distress or “Highly Indebted Poor Country (HIPC)”...
Official Liquidator Releases List of Validated DKM Creditors
The Official Liquidator has disclosed that payments to creditors of DKM Microfinance are set to commence on Monday, October 17, 2016. A statement released by the Registrar General’s Department and...
Ghana, Other African Countries Not At Risk of ‘HIPC’
The World Bank President says he does not think Ghana and other African countries with high debt levels are at risk of falling into debt distress or “Highly Indebted Poor Country (HIPC)”...
Government’s Interference In DKM Scam Acceptable – World Bank Executive
The Global Lead for Credit Infrastructure at the World Bank, Mahesh Uttamchandani has described as acceptable, government’s intervention in the DKM microfinance scam to help customers get back...
We’ll Take Drastic Action Against Ghana
The West African Gas Pipeline Company (WAPCo) has warned that it will take drastic action against the government of Ghana if it fails to pay debt owed the company by close of year 2016. According to...
Moody’s Rating Shows We’re Doing Something Right – Mahama
President John Mahama has stated that the recent upgrade from negative to stable by International rating firm, Moody’s is an indication that his government is “doing something right.”...
Terkper Chases Ghanaians Abroad For ‘Diaspora Bond’
Government’s desire to borrow more funds continues to grow as the Ministry of Finance targets Ghanaians in the diaspora to raise bonds from them. In recent times, government’s decision to borrow...
BoG Boss Assures of Positive Banks’ Performance
The Governor of the Bank of Ghana (BoG), Dr Abdul Nashiru Issahaku, has given the strongest indication that with the debt owed to commercial bank by the Volta River Authority (VRA) now partly...
We Are Investing In Projects Not Piling Debts – NDC
The governing National Democratic Congress (NDC) has rejected claims that it is piling up the country’s debt stock with the number of foreign loans it had acquired in recent times. Speaking at the...
BDCs Debt Payment Plan With Governement In Limbo?
Fears of a likely collapse of a number of banks in the country have been reinforced following new revelations that government may not abide by the agreed payment plan to clear debts owed banks by...