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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...

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...

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...

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,...

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...

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...

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,...

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...

Commercial drivers in Kumasi accepts reintroduction of road tolls

Commercial drivers at Doctor Mensah in Kumasi, Ashanti Region, have shown support for Finance Minister Dr. Mohammed Amin Adam's plan to reintroduce road toll...

How Ghana accumulated GHS742b national debt – What the data shows

The Minister of Finance, Dr. Mohammed Amin Adam, during the presentation of the 2024 Mid-Year Budget Review statement in Parliament, announced that Ghana's national...

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