Tag Archives: Borrowed

His Lordship Yonny Kulendi of the Supreme Court of Ghana has bemoaned the challenges facing public servants in Ghana. In a recent speech, he highlighted the pressure that comes with being a public servant explaining that people in the community assume holding a big position in government automatically meant one is well-to-do. …

Deputy Finance Minister, Dr John Kumah, has said that the current hardship in the country might be because the government over-relied on borrowing to run the economy. According to him, the government could have considered other alternatives to financing its projects and programmes aside from borrowing. “Maybe the levels of …

Cassiel Ato Forson, Member of Parliament for Ajumako Enyan Essiam Constituency in the Central Region has alleged that government went on a borrowing spree in the lead-up to the 2020 polls. Ato Forson, who is the Ranking Member on Parliament’s Finance Committee said a total of GH¢67 billion was borrowed, an amount which …

Former President John Dramani Mahama has poked the Nana Addo Dankwa Akufo-Addo government accusing it of running the country into a crisis. He added in an interview with Ugandan channel, NBS TV, that Ghana was running into debt and government had nothing to show for its wanton borrowing. “It’s been around six years so …

Ghanaian student in North Cyprus, Kwame Oppong Asante has shared his regret about his decision to travel to North Cyprus for education and the frustration of living with no means of paying off a GH¢30,000 loan. Speaking with DJ Nyaami on ‘Daily Hustle Worldwide,’ Oppong Asante indicated that there are …

Celebrating the Executive Chairman and group CEO of the Jospong Group, Dr Joseph Siaw Agyepong who turned 50 over the weekend would have been incomplete without a part of his life story few people know about – his love life. Mr Siaw Agyepong who is one of the few millionaires …

Government has announced its’ plans to borrow a gross amount of GH¢17,837.87 million for June to August this year. Of this amount, GH¢15,806.61 million would be used to rollover maturities while the remaining GH¢2,031.26 million would be used as fresh issuance to meet government’s financing requirements. Though government has not …

The Government of Ghana borrowed GH¢4.2 billion in notes and bonds in December 2019. This consists of GH¢3.2 billion 2-Year Notes, GH¢505.4 million of 3-Year bonds and GH¢478.6 million of 4-Year bonds. Some of the securities were to be rolled over while the rest were fresh funds. The yield on …