President John Mahama has said the Ghanaian economy is now more predictable and no longer bleeding as it used to be in the past. This is because his administration was able to identify the various...
Doe, James W. Central government borrowing results in National debt as we all know. But all the debt debate in Ghana should be put in a global perspective. In order for all to know the full story and...
Groupe Nduom (GN) Research has added its voice to expert views on the Ghanaian economy, describing it as one in distress. It said Ghana’s economy has been on a persistent decline over the past four...
Consumers of petroleum products will have to stomach the burden of paying the Tema Oil Refinery (TOR) Debt Recovery Levy for at least another 10 years as debt owed by the country’s sole oil...
Workers of Volta Lake, a company contracted by the Government to clean the Albert Bosomtwe Sam Fishing Harbour in Sekondi have disclosed that they are yet to be paid their full salaries more than a...
The Ghana Bankers Association has appealed to power companies to abide by rules governing the Escrow Account with the Bank of Ghana (BoG) to prevent a future Legacy Debt in the power sector. The...
Finance Minister Seth Terkper has expressed hope that a milestone agreement reached with creditors over VRA’s debts will be enough to ease holdup in discussions with the International Monetary Fund...
The Ministry of Finance, the Bank of Ghana (BoG), and the Ghana Bankers Association have announced plans to pay the legacy debt owed in the power sector. According to the Ministry of Finance,...
Government owes power producers and the Electricity Company of Ghana (ECG) over GHC3 billion. The amount comprises GHC2.2 billion owed by Volta River Authority (VRA) to its lenders and a ‘legacy...
Three economic research agencies have rejected government’s claims of a robust Ghanaian economy in 2017 and have rather painted a gloomy picture. Moody’s Ratings Agency has maintained its...
Government has reached an agreement in principle with local banks to restructure the debts of State Owned Enterprises (SOEs). The agreement with the banks is expected to ensure the repayment of...
Lord I lift Your name on high, Lord I love to sing Your praises I’m so glad you’re in my life, I’m so glad you came to save us You came from Heaven to earth to show the way, From the earth to...
The government of Ghana attempt to float the fifth Eurobond fortnight ago received a lukewarm response from investors on the international market. This forced the Finance Ministry to withdraw the...
Tema Oil Refinery Limited (TOR), Ghana’s only processor of crude into fuels, is seeking to convert bank loans it had contracted from banks into a 10-year bond for its lenders in order to reorganize...
Government has dismissed reports that it has abandoned its decision to issue yet another Eurobond this year. According to Finance Minister, Seth Terkper, government is still considering the various...
An economist with the Institute of Fiscal Studies has questioned Ghana’s new gross domestic product figures put out by the government, describing it as inaccurate. At the presentation of a...
Saddled by debts, the Accra Psychiatric Hospital is closed to new patients, a situation that will persist until government’s promise to help has been fulfilled. The hospital says it will remain...
HFC bank has told Citi Business News it will await a court ruling before it makes its next move following Finatrade’s indebtedness to it. HFC is one of many banks Finatrade is currently indebted...
Financial Analyst, Sydney Casley Hayford has said government will eventually privatise the Volta River Authority since it has become financially handicapped to continue operating as a state owned...
The Chief Executive Officer of Dalex Finance, Mr Ken Thompson, says the risk of default on Finatrade's GH¢1.2 billion debt to 26 banks could have been minimised, if the affected institutions were...
