Technology

By Elorm Desewu The Bank of Ghana, (BoG), is very optimistic that the economy would soon recover as the government has spelt out measures that will put the fiscal on …

International rating agency, Fitch, is warning of more rating downgrades of African banks in 2023 as Ghana’s debt restructuring is expected to affect both domestic and regional banks.   According …

Adnan Adams Mohammed   As government shows commitment towards reforms in the mining sector and deepening local content, all mining companies are expected to ensure that at least 60% of …

A former Executive Director of Standard Chartered Bank has warned the economic contraction implications of the debt exchange programme will be dire.   According to the finance analyst, if the Debt Exchange …

“Many will be borrowing funds which they won’t be paying back (so let us say they will be given grants, but lenders don’t know this yet)”, Alex Mould intuited in …

The economist explained that, the stress test will provide information on how to design the needed support for the sector.

The analyst explains that, Ken Ofori-Atta has done two turnarounds in less than a week on the structure and procedure for the debt exchange.  

But the former National Petroleum Authority boss has described the deal as a ‘zero sum game’.

According BoG, the fiscal data shows that both revenues and expenditure outturns for the first nine months of 2022 fell short of their respective targets.

The government is targeting to achieve a debt-to-Gross Domestic Product, (GDP), ratio of 55% by 2028 despite the exemption of pension funds from the debt exchange programme.