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Ken Ofori-Atta to meet parliament over Domestic Debt Exchange Programme

Minister of Finance, Ken Ofori-Atta, will today appear before parliament to answer questions from lawmakers on the Domestic Debt Exchange Programme (DDEP). His appearance was announced...

Govt forgoes $10 billion for $3 billion in IMF bailout—Adongo

Deputy Ranking Member of the Finance Committee of Parliament, Isaac Adongo, has criticized government for sacrificing $10billion bondholders’ money for $3billion IMF bailout. This comment comes after...

Fitch downgrades Ghana’s local-currency credit score to ‘restrictive default’

International Ratings agency, Fitch, has downgraded Ghana's local-currency credit score to 'restrictive default'. The latest verdict comes on the back of the conclusion of the...

Debt exchange: GH¢83bn of old bonds swapped

The government has successfully swapped GH¢83 billion of its old cedi bonds for new ones under a domestic debt exchange programme (DDEP) that ended...

BoG’s intervention prevented economic standstill – Governor

Bank of Ghana (BoG) Governor, Dr. Ernest Addison, has justified the bank’s decision to fund government spending in 2022 – stating that not doing so would...

Today in History: The World Bank warns Ghana against borrowing excessively

In 2020, the World Bank warned Ghana that if it continues with its excessive borrowing, it may be labeled a high debt distress country. The...

Here are the three occasions the government extended its DDEP and their justifications

The government of Ghana's inability to convince the International Monetary Fund that its debts are manageable appears to be the sole obstacle standing in...

Ghana wants to complete its IMF agreement in March

Ghana's President Nana Addo Dankwa Akufo-Addo is hopeful that discussions with the International Monetary Fund (IMF) about a potential financial bailout package will be...

Government urged to use fiscal and structural reforms to maintain debt sustainability

To ensure debt sustainability in the shortest amount of time, the government has been recommended to utilize a three-pronged strategy of fiscal, structural, and...

Government would securitize Central Bank loans worth $3.3 billion

Ghana intends to convert loans to the Bank of Ghana that are believed to be worth 40 billion cedis ($3.3 billion) into bonds, making...

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