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Ghana sees debt service relief after agreement with Official Creditors Committee

The Government of Ghana has reached an agreement on a Memorandum of Understanding (MoU) with its Official Creditor Committee (OCC) in its debt restructuring...

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...

News

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...

News

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...

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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