The government’s inability to honour its debt commitments, Andani suggested, has cast a shadow over Ghana’s investment landscape, particularly impacting private bondholders.
“For a government to say we cannot pay…bonds that we have issued, especially to private sector people, that...
Ghana's crude oil production has seen a significant return to positive outcome in the first half of the year, as production surpasses that of the same period last year.
There has been a 55.6 percent increase in revenue received for...
The Bank of Ghana (BoG) is bolstering its reserves to curb the cedi’s depreciation against major foreign currencies as demand for forex is anticipated to rise with the upcoming festive season.
The Central Bank’s move aims to reassure businesses and...
The project, 80 percent financed by the African Development Bank with a $121 million investment, is 85.7 percent complete since its launch in 2018
During a recent three-day field visit to central Côte d'Ivoire, Joseph Ribeiro, the African Development Bank’s...
President Nana Addo Dankwa Akufo-Addo is predicting a reduction in the country’s inflation rate by the close of this year, 2023.
Inflation is the rate of increase in prices over a given period of time. Ghana’s current inflation rate stands...
Ghana has made progress with its debt burden, says, Mr Ajay Banga, President, World Bank Group (WBG).
“Zambia got out of the debt situation after a long process but we’ve seen progress with Ghana and other countries,” Mr Banga said.
Mr...
The Ministry of Finance has appealed to its bilateral creditors to quickly agree on the debt relief terms to help Ghana secure the second tranche of the $3 billion International Monetary Fund (IMF) bailout package.
He expressed appreciation to the...
The 2023 annual meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) on Monday opened in Marrakech, Morocco.
This is the second time that an African country is hosting the meetings of the two global finance...
Ghana’s economy is experiencing a rapid turnaround, according to the International Monetary Fund (IMF).
The Fund confirmed that macro-economic stability is being experienced, while international reserves are also increasing at a steady pace.
The announcement was made by the Fund’s Chief...
Banking Consultant, Nana Otuo Acheampong has jumped to the defense of the Bank of Ghana and its governors.
According to him, the Governor of the Central Bank, Dr. Ernest Addison did no wrong by accepting to write off 53.1 billion...
