Debt
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28 developing countries including Ghana remain stuck in debt trap – World Bank

February 21, 2024 The World Bank has disclosed that 28 developing economies including Ghana with – the weakest credit ratings – remain stuck in a debt trap with no hope of escape anytime soon....

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February 21, 2024 / Comments (0)

IMF bailout: Govt reaches agreement with Official Creditors on debt treatment

January 15, 2024 The government has announced that it has reached an agreement with its Official Creditors in restoring debt sustainability in line with the International Monetary Fund (IMF) programme...

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January 15, 2024 / Comments (0)

25% of Ghana’s debt mainly from SOEs – Ofori-Atta

June 20, 2023 Finance Minister, Ken Ofori-Atta, has indicated that about 25% of Ghana’s assessed debt burden emanates from non-central government operations, mainly from State Owned Enterprises (SOEs)...

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June 20, 2023 / Comments (0)

Ghana expected to reach moderate risk of debt distress by 2028 – IMF

May 31, 2023 Ghana is expected to reach a moderate risk of debt distress by 2028, the International Monetary Fund has disclosed in its Staff Report on Ghana. It pointed out that the bulk of the domestic...

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May 31, 2023 / Comments (0)

Foreign holdings of domestic bond to fall to below 10% in 2022 – Bloomberg

December 12, 2022 Foreign holdings of Ghana’s domestic debt is expected to fall to below 10% by the end of the year, Bloomberg has projected. This it says had piled pressure on the Ghana cedi which is...

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December 12, 2022 / Comments (0)

Percentage point increase in debt to GDP in 2020 is the lowest since 2013

August 25, 2020 Accumulation and sustainability of debt relative to gross domestic product (GDP) in the Ghanaian economy have been a major concern to some citizens, financial and economic analysts in...

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August 25, 2020 / Comments (0)

COVID-19: Africa risks losing US$500bn in tax revenue – AU

April 15, 2020 With the continent’s growth expected to shrink by as much as 9 percent as a result of the coronavirus pandemic, the virus is also expected to result in losses of about 30 percent of...

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April 15, 2020 / Comments (0)