Tag: Debt restructuring
Business
IPP intends to withdraw from negotiations on debt restructuring
Private electricity producers in Ghana are considering withdrawing from negotiations to restructure $1.6 billion in outstanding payments, posing a potential obstacle to the country's...
Business
Govt receives MoU from bilateral creditors for debt restructuring
Ghana's bilateral creditors have transmitted a conclusive Memorandum of Understanding (MoU) regarding the country's debt restructuring to the government.According to sources familiar with the...
News
Keep reducing inflation, making progress in debt restructuring – IMF tells Ghana
The International Monetary Fund (IMF) has emphasized the importance of fiscal prudence and economic reforms for Ghana's long-term prosperity.Managing Director of IMF, Kristalina Georgieva,...
News
Ghana will complete external debt restructuring by June 2024 – Fitch projects
Fitch, a ratings agency, anticipates that Ghana will finalize its external debt restructuring by June 2024.The UK-based firm's latest assessment of Ghana indicates...
Business
1.52% tariff cut jeopardizes debt restructuring efforts in power sector – IPGG
The Independent Power Generators, Ghana (IPGG), has expressed concerns regarding the recent 1.52 percent reduction in electricity tariffs by the Public Utilities Regulatory Commission...
Business
External debt restructuring to provide Ghana $2.5bn – GIPC
Chief Executive Officer (CEO) of the Ghana Investment Promotion Centre (GIPC), Yofi Grant, has indicated that Ghana is preparing for external debt restructuring that...
Independent Africa
Zambia reaches deal to restructure over $6bn in debt
Zambia has successfully reached an agreement to restructure its debt of over $6 billion owed to various governments, marking a significant step towards its...
Headline
Afreximbank loans likely to be exempted from debt restructuring – Report
Finance Minister, Ken Ofori-Atta, intends to protect loans received from the African Export and Import Bank (Afreximbank) from the current debt restructuring efforts.As...
Business
Ghana provides proposal on debt restructuring to official creditors
The government has submitted a proposal to its official creditors regarding the restructuring of its external debt.Although the 'working proposal' is not legally...
News
You have ‘raped’ the public purse, leave pension funds – Sam George to govt
Member of Parliament for Ningo-Prampram, Sam Nartey George, has demanded that government excludes pension funds from its latest planned debt restructuring deal. Finance Minister Ken...
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