Tag Archives: BORROWING

The Federal Government says it has no intention to borrow from any local or foreign organisation with its removal of subsidy on petrol and exchange rate harmonisation. The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, revealed this at the end of the inaugural Federal Executive Council …

The Majority Leader of Parliament Hon Osei Kyei Mensah Bonsu has describes the decision by the Minority side of the House to oppose the recent approval of a loan agreement between Ghana and its development partners as hypocrite. According to him, the loan agreements were discussed thoroughly at the committee …

The International Monetary Fund is pushing Ghana’s cash-strapped government to stop borrowing from its central bank, according to people familiar with the matter . The IMF wants the two entities to sign a commitment to zero-financing, said the people who asked not to be identified because they’re not authorized to speak …

•The World Bank has cautioned Ghana to act decisively against excessive borrowing •The institution called on government to implement stringent revenue generation measures to reduce the public debt burden •Ghana’s total public debt rose to GH¢304.6 billion as of March 2021 The World Bank has admonished Ghana to put a …

Former Finance Minister, Seth Terkper has alleged that the government’s continuous borrowing from international firms is to fund the upcoming December polls. According to him, despite the government’s efforts to fight against the global pandemic – coronavirus- they need to focus on cutting down their expenditure. This, he says, when done will …