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Ghana’s public debt to reach 99% of GDP in 2023 – Fitch

October 25, 2023 Rating agency, Fitch, expects Ghana’s public sector debt to reach 99% of Gross Domestic Debt at the end of 2023, from 88% in 2022. This it says will be driven by a depreciation of the...

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October 25, 2023 / Comments (0)

IMF lowers Ghana’s growth rate further to 1.2%

October 11, 2023 The International Monetary Fund has further lowered Ghana’s growth rate to 1.2%, from the July 2023 forecast of 1.6%. This is the second time the Fund has revised Ghana’s Gross Domestic...

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October 11, 2023 / Comments (0)

Ghana’s 2023 growth rate could be higher than 1.5% – Report

September 27, 2023 Ghana’s Gross Domestic Product (GDP) growth outturn in 2023 could be higher than the 1.5% envisaged under the International Monetary Fund (IMF) programme, GCB Capital has stated. It...

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September 27, 2023 / Comments (0)

Global debt returns to rising trend; higher than pre-pandemic era – IMF

September 13, 2023 Global debt is returning to its rising trend, the International Monetary Fund has warned. In a report, it said although global debt recorded another significant decline in 2022, it is still...

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September 13, 2023 / Comments (0)

Cedi to end 2023 at ¢11.40 to a dollar – Fitch Solutions

September 12, 2023 Fitch Solutions is forecasting that the Ghana cedi would end 2023 at ¢11.40 against the US dollar. This is lower than the ¢12.40 it predicted early in the year, at a time Ghana was yet to...

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September 12, 2023 / Comments (0)

Bank of Ghana’s vital task of guiding inflation back to 8% target is not hindered – IMF Resident Rep.

September 6, 2023 The International Monetary Fund (IMF) Resident Representative in Ghana, Dr. Leandro Medina, has said that the Bank of Ghana’s task of guiding inflation back to its 8 percent target in a...

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September 6, 2023 / Comments (0)

Ghana restructures $4bn in latest Domestic Debt Exchange Programme

August 30, 2023 Ghana agreed to terms to swap about $4 billion of domestic debt, taking another step toward meeting its obligations under an International Monetary Fund bailout. The results imply Ghana...

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August 30, 2023 / Comments (0)

Ghana to reach debt deal with external creditors in quarter 2, 2024 – Fitch Solutions

July 28, 2023 Fitch Solutions believes that Ghana will reach a debt deal with its external creditors in the second half of 2024. According to the UK-based firm, this should provide tailwinds to the...

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July 28, 2023 / Comments (0)

Presentation of mid-year budget review rescheduled to July 25

July 19, 2023 The Minister of Finance, Ken Ofori-Atta, is expected to present the Mid-year budget review to Parliament on Tuesday, July 25, 2023. The house had earlier announced that the mid-year budget...

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July 19, 2023 / Comments (0)

Govt to exchange US$809m in newly announced dollar denominated DDEP

July 17, 2023 The government has announced a new Domestic Debt Exchange Programme (DDEP) for US dollar denominated bonds targeting to exchange US$ 809 million of the denominated notes and bonds. “The...

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July 17, 2023 / Comments (0)