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China to exempt some African countries from repaying specific loans – Prez. Xi Jingping hints

June 19, 2020 China’s President, Xi Jingping has announced that China will exempt some African countries from repaying zero-interest rate loans due at the end of 2020, according to Reuters News agency....

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June 19, 2020 / Comments (0)

BoG declares no dividend for 2019 despite GH¢1.8bn profit

June 10, 2020 The Bank of Ghana posted a profit of 1.8 billion cedis for 2019. This is about twice the operating loss of 793 million cedis it recorded in 2018. This has largely been attributed to the...

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June 10, 2020 / Comments (0)

BoG releases GH¢5.5 billion to support Covid-19 fight

May 29, 2020 The Bank of Ghana (BoG) has released the first tranche of GH¢5.5 billion of the GH¢10 billion emergency facility the government is seeking to support residual expenditures to cushion the...

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May 29, 2020 / Comments (0)

Bank of Ghana keeps policy rate at 14.5 percent amid COVID-19

May 18, 2020 The Monetary Policy Committee (MPC) of the Bank of Ghana, has maintained the policy rate at 14.5 percent. This is the first time the rate has been kept unchanged after it was reduced by...

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May 18, 2020 / Comments (0)

BoG bails out gov’t with GH¢10bn to close fiscal gap

May 18, 2020 As part of measures to close the yawning budget deficit gap created by impacts of the coronavirus pandemic, the central bank has triggered its emergency financing provision that will allow...

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May 18, 2020 / Comments (0)

Debt relief calls get cool welcome in some of poorest nations

May 12, 2020 African officials fear market exclusion on temporary bond help Investors, IMF working on plans to ease countries’ debt burden African ministers held a video conference call to discuss...

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May 12, 2020 / Comments (0)

Ghana’s debt sustainable despite risks – IMF

April 21, 2020 The International Monetary Fund (IMF) has said Ghana’s public debt stock remains sustainable despite external and overall debt being at high risk of debt distress. According to the...

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April 21, 2020 / Comments (0)

G20 countries agree debt freeze for world’s poorest countries

April 20, 2020 Finance officials from the Group of 20 major economies agreed on Wednesday to suspend debt service payments for the world’s poorest countries through the end of the year, a move quickly...

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April 20, 2020 / Comments (0)

Oil contribution to GDP to drop by US$2.5bn

April 15, 2020 While oil contribution to government revenue is expected to drop by nearly US$600million, the sector’s total contribution to Gross Domestic Product (GDP) is set to drop by US$2.5billion...

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April 15, 2020 / Comments (0)

IMF approves $500m in debt relief for 25 countries amid COVID-19 challenges

April 14, 2020 The International Monetary Fund has (IMF) has approved an amount of US$500 million in grant-based debt service relief to 25 countries to help them deal with the negative impact of the...

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April 14, 2020 / Comments (0)