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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...

Ghana, 27 developing countries broke; no escape anytime soon – World Bank

The World Bank has revealed that 28 developing economies, including Ghana, with the weakest credit ratings, are currently trapped in a cycle of debt...

Debt-to-GDP is 66% – Bawumia

Vice President Dr Mahamudu Bawumia has noted that Ghana's debt-to-GDP ratio as of 2023 stood at 66.4 percent. This is marginal growth following the 76.6%...

Akufo-Addo is burying Ghana in debt – Prof Hanke

Renowned US economist Professor Steve Hanke has once again condemned President Akufo-Addo over the current state of the economy. In an X post on January...

Fitch projects Ghana’s debt to GDP to fall to 87% by end of the year

Fitch, the rating agency, forecasts that Ghana's public debt will decrease to 87% of Gross Domestic Product (GDP) by the close of 2023, down...

Power sector may face impending crisis as debt soars – Randy Abbey hints

Host of Metro TV's "Good Morning Ghana," Dr. Randy Abbey, has issued a caution about a potential power sector crisis if the government does...

Ghana’s properties in UK to be sold to pay off debt

The High Commissioner of Ghana to the United Kingdom (UK), Papa Owusu-Ankomah, has confirmed the looming threat of the sale of Government of Ghana...

Ghana, IMF nearing deal on debt restructuring

The IMF expects Ghanaian authorities and the Official Creditor Committee to reach an agreement soon. According to Julie Kozack, the IMF's Director of Communications, it...

Ghana’s debt stock rises to GHC575.5 billion

Ghana's debt has reached GHS 575.5 billion, which is equivalent to 71.9% of the Gross Domestic Product (GDP), according to the Bank of Ghana...

Ghana engaging official creditors on cut-off date for debt restructuring – Sources

Ghana is currently in negotiations with its official creditors to establish cut-off dates for the exclusion of new loans from the restructuring of the...

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