Friday, September 30, 2022

Ghana’s industrialisation efforts cannot succeed without diaspora investments – Alan

The Minister of Trade and Industry, Alan Kyerematen has highlighted the importance of diaspora investments in Ghana’s quest to become an industrialised economy. According to him, no country has been able to develop itself without...

Ghana’s public debt to GDP about 100%; debt restructuring unavoidable – Ato Forson

A former Deputy Minister of Finance, Cassiel Ato Forson says Ghana's debt is unsustainable making debt restructuring unavoidable as the country's "public debt to GDP is now about 100 percent". A tweet by the Ajumako...

Ghana’s Junk Status: Speed up IMF engagement – Financial Advisor tells Gov’t

A Partner and Financial Advisory Leader at Deloitte Ghana, Yaw Appiah Lartey has advised the government to accelerate the negotiation with the International Monetary Fund (IMF). His comment comes after Fitch Ratings downgraded Ghana’s Long-Term...

Pressure on Kwasi Kwarteng as sterling slide continues

The official line from government is no comment on market movements. The baptism of fire for the chancellor after his budgetary statement continued in the early hours of Monday morning, with the pound hitting...

IMF mission visits Ghana today September 26

An International Monetary Fund (IMF) staff team, led by Stéphane Roudet, Mission Chief for Ghana, is expected to visit Accra from today September 26 – October 7. The staff team is billed to continue discussions...

Chamber of Mines to sell 125k ounces of gold to Central bank by Dec,...

The Ghana Chamber of Mines has targeted to sell about 125,000 ounces of gold to the Bank of Ghana (BoG), under the latter’s Domestic Gold Purchase Programme for 2022. This sale will cover the period...
Finance Minister Ken Ofori Atta

IMF Bailout: Ghana to restructure debt as interest costs surge – Fitch

Fitch Ratings has said Ghana's high level of credit risk following the downgrade to CC reflects the increased likelihood that the country will pursue a debt restructuring as interest costs surge. This according to Fith...

Fitch downgrades Ghana to ‘CC’ from CCC

Fitch Ratings has downgraded Ghana's Long-Term Local- and Foreign-Currency Issuer Default Ratings (IDRs) to 'CC', from 'CCC'. Fitch typically does not assign Outlooks to issuers with a rating of 'CCC' or below. Increased Probability of Debt...

GEPA holds second edition of International Coconut Festival

The Ghana Export Promotion Authority has held the second edition of the international coconut festival in Accra. The 2022 edition of the International Coconut Festival themed ‘Repositioning Ghana’s Coconut Sector for Accelerated Industrialization’, was aimed...

Ghana’s GDP growth rate increases to 4.8% in Q2

Provisional figures released by the Ghana Statistical Service show that Ghana’s economy grew by 4.8% in the second quarter (April to June) of 2022  compared to the same period in 2021. Ghana's real GDP increased...

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