The managers of the DBG say they have put enough measures in place to ensure that funds it lends to banks are used as planned
According to the latest Monetary Policy report by the Bank of Ghana, the bad debt is made up of loan losses, depreciation, among others.
They believe the Bank of Ghana’s measures put in place to curb the consistent rise in inflation are either not working or the situation is not being diagnosed properly. Both, are thereby calling on the government through the finance ministry to consider other factors such as the fiscal space.
Ghana’s balance of payment deficit has more than doubled for the first quarter of 2022
Further indicating that, it do not expect that private investment will meaningfully cushion the negative impact of subdued public infrastructure spending on the market’s construction industry growth, the agency said.
The e-cedi is a digital replica of the Cedi notes and coins which can be redeemed for physical cash and used for varied payments
Development Finance Institutions across Africa have been tasked to beef up efforts to enhance credit rating positions to attract more global investments.
The Bank of Ghana's data indicates, it secured GH¢470.4 million for the debt instrument, about 76% less than the targeted amount.
The domestic debt is a component of the total debt stock which stood at GH¢391.9 billion (equivalent of US$ 55.1 billion) as of March 2022, data from the Bank of Ghana indicate.
The Monetary Policy Committee (MPC) during its press conference indicated that, it observed that execution of the budget for the first quarter was broadly in line with targets although there was a minor deviation in the deficit target, stemming largely from low revenue receipts.