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Ghana to finalize bilateral agreements on $5.1bn debt restructure in June – Finance Ministry

Ghana is set to conclude bilateral agreements for the restructuring of its $5.1 billion official bilateral debt by June, a goal that Finance Minister...

Business

External debt at $27.6bn; GHC761.0bn total debt as of Nov 2024 – BoG

Ghana’s total public debt stood at GHC761.0 billion by November 2024, reflecting a month-on-month decrease of GH¢24.1 billion, according to the Bank of Ghana’s...

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Finance Minister blames Parliament for failure to complete IPPs debt restructuring agreement

The Minister of Finance, Dr. Mohammed Amin Adam, has attributed delays in finalizing the debt restructuring agreement with some Independent Power Producers (IPPs) to...

Business

E.S.L.A. PLC to redeem outstanding bonds worth GHS3.47bn

As part of its ongoing efforts to restructure Ghana’s energy sector debt, E.S.L.A. PLC has announced plans to redeem approximately GH¢3.47 billion in outstanding...

Business

Ghana’s credit rating climbs to Caa2

Moody's Ratings has upgraded Ghana’s long-term issuer ratings in both local and foreign currencies from Caa3 and Ca to Caa2, while also changing the...

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Ghana’s national debt hits GHS761.2bn

As of July 2024, Ghana’s debt stock has soared to GH₵761.2 billion, accounting for 75.7 percent of the nation's gross domestic product (GDP). In comparison,...

Business

Ghana’s central govt debt rises to GHS761.1bn

Ghana's central government debt has reached GHS761.1 billion (USD51.1 billion) by July 31, 2024, marking a substantial rise from the earlier level of GHS587.7...

News

12 small credit and debt recovery courts inaugurated by Chief Justice

Chief Justice, Gertrude Torkonoo, has inaugurated 12 specialized courts aimed at handling small claims and debt recovery cases. Of these new courts, eight are located...

News

COCOBOD addresses loan default claims, clarifies debt status

The Ghana Cocoa Board (COCOBOD) has addressed allegations of repeated loan defaults, providing clarity on its financial obligations and repayment status. As of December 31,...

Business

Debt challenges persist despite Restructuring – Fitch reports

A recent report by Fitch has highlighted that Ghana's economy continues to grapple with substantial financing difficulties despite the government's debt restructuring efforts. Consequently, the...

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Jury acquits Diddy of sex trafficking, convicts him of transporting women for prostitution

“Don’t make me and Stonebwoy fight ooo”- Samini warn netizens

Kanye West’s Heil Hitler song bans him from entering Australia