The IMF has asked government to include, energy sector debt, GETFund, Sinohydro, and cocoa loans to the public debt. The country’s debt stock increased to US$393.4 billion, 78.3 percent of …
Ghana debt
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Economy and FinanceNewsPolitics
Debt restructuring unavoidable as liquidity challenges persist – Research
by Adnan Adamsby Adnan AdamsGhana is a country that is promising a lot but is always under-delivering; the government hasn’t been able to turn the economy around”, it said in its latest report on …
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Economy and FinanceLifestyleNews
Gov’t expends GH¢37.5bn on salaries and debt servicing in 6months
by Adnan Adamsby Adnan AdamsAccording to the 2022 Mid-Year Budget Review, interest payments, which dominated government expenditure for the first half of 2022, stood at GH¢20.4 billion, representing 4.5% of Gross Domestic Product (GDP). …
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Economy and FinanceNewsTechnology
Interest payments to rise further as cost of borrowing increases
by Adnan Adamsby Adnan AdamsThe government spent about ¢10.6 billion to pay interest on loans in the first quarter of this year, with a chunk being used to service domestic debt.
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Economy and FinanceNewsPolitics
Going to IMF or not will depend on our domestic ability to repay our debt – Fmr. Fin Minister
by Adnan Adamsby Adnan AdamsThe finance and economic expert warned that the worst thing that could happen to Ghana at this point as the economy strives to rebound will be to default on debt …
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Economy and FinanceNewsTechnology
3-year bond rolled-over attracts yield of 25%
by Adnan Adamsby Adnan AdamsThe Bank of Ghana’s data indicates, it secured GH¢470.4 million for the debt instrument, about 76% less than the targeted amount.
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Economy and FinanceNewsPoliticsTechnology
Domestic debt hits 38% of projected GDP
by Adnan Adamsby Adnan AdamsThe 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 …
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Economy and FinanceNewsTechnology
Gov’t plans to restructure domestic debt
by Adnan Adamsby Adnan AdamsThe issue of restructuring debt is a very complicated issue especially with the private sector and the Eurobond etc. We need to decide among ourselves on what type of structure …
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Economy and FinanceNewsTechnology
Ghana’s bonds rally as investors react positively to passage of E-Levy
by Adnan Adamsby Adnan AdamsAccording to Bloomberg, the yield on the country’s $1 billion bond maturing in 2026 declined for the sixth consecutive day, as President Nana Akufo-Addo reiterated government’s commitment to get the …