Banks recover in capitalization due to strong growth in 2023 profit – Fitch

February 27, 2024 A significant growth in profitability of banks in 2023 driven by exceptionally high yields on treasury bills is helping the financial intermediaries recover in capitalization from the large...

Written by:

February 27, 2024 / Comments (0)

IMF board schedule to approve Ghana’s $600 million second tranche on Friday

January 17, 2024 Following an agreement to restructure US$5.4 billion with its official creditors, Ghana is scheduled to receive the US$600 million second tranche of the US$3 billion rescue loan, according...

Written by:

January 17, 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...

Written by:

January 15, 2024 / Comments (0)

Credit to private sector contracts by 31.6%, but banking sector liquid – BoG

November 29, 2023 Credit to the private sector contracted in October 2023 and September 2023. According to the Monetary Policy Report of the Bank of Ghana, banks continue to deploy their resources towards...

Written by:

November 29, 2023 / Comments (0)

Government actions beginning to show marginal economic stability – KPMG 2024 Pre-Budget Survey

November 2, 2023 Accounting and auditing firm, KPMG, has stated that government actions are beginning to show in the marginal stability of the economy. Nonetheless, it explained that the headwinds of...

Written by:

November 2, 2023 / Comments (0)

Bond market: Trading activity rebounds; total market turnover hits record ¢1.26bn

October 25, 2023 Trading activity for the Government of Ghana bonds rebounded after losing significant steam in the prior week. Impressively, the total volume traded advanced significantly, reaching a...

Written by:

October 25, 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...

Written by:

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...

Written by:

August 30, 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...

Written by:

July 17, 2023 / Comments (0)

Ghana has long way to restructure its debt; second round of DDEP expected – Fitch

June 14, 2023 Ghana has a long way to go to restructure its more than 400 billion debt, rating agency, Fitch, said. According to the UK-based firm, there could be a second round of the Domestic Debt...

Written by:

June 14, 2023 / Comments (0)