Tag: Debt
News
Ghana’s public debt grew by GHS46.4bn in Jan-Feb 2024 – BoG
Recent data from the Bank of Ghana revealed that the country's public debt stock increased by GH¢46.4 billion in the first two months of...
News
Ghana officially bankrupt – Mahama’s comment on external debt default in 2022
On December 20, 2022, former President John Dramani Mahama declared Ghana as bankrupt.His statement came after the government announced its inability to fulfill certain...
Business
Ghana launches short-term debt market amid restructuring efforts
Ghana has initiated a platform for trading short-term debt, which expands upon the fixed income market established over eight years ago.This development coincides...
Business
Africa will be shut out of development finance if nothing is done about its debts – Seth Terkper
Former Minister of Finance, Seth Terkper, has called on African governments to ensure the sustainability of their debts in order to attract development finance...
Business
Debt service likely to affect Ghana’s economic growth – Economist
An economist at the University of Ghana Business School, Professor Lord Mensah, says the Finance Minister-designate, Dr Mohammed Amin Adam should have exercised caution...
News
Government disburses overdue payments to Institutional Suppliers
The government has initiated the process of settling outstanding payments owed to the National Association of Institutional Suppliers, following an agreement reached with the...
Business
Minority goes after BoG for ‘illegally’ writing off GH¢48bn state debt
The Minority in Parliament has accused the management of the Bank of Ghana (BoG) of engaging in illegal activities related to the write-off of...
News
ECG set to disconnect electricity supply to 91 hospitals over unpaid bills
The National Taskforce of the Electricity Company of Ghana (ECG) is ready to disconnect electricity supply to 91 hospitals nationwide due to unpaid bills.These...
Independent Africa
Zambia actively pursuing a resolution for unresolved debt
Zambia continues to grapple with nearly $7 billion in debt, despite a previous agreement with bilateral lenders last year that addressed over $6 billion...
Headline
Parliament to face total blackout over GHC23M ECG debt
The Electricity Company of Ghana (ECG) is contemplating disconnecting power supply to the Parliament of Ghana on Wednesday, February 21, over an unpaid debt...