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Tag Archives: DDEP

FULL TEXT: What IMF said about BoG’s GH¢60 billion DDEP-induced loss

The International Monetary Fund (IMF) has justified the Bank of Ghana’s GH¢60 billion impairment loss recorded in the 2022 fiscal year. The Bretton Wood institution in a post captured on its website about Ghana on August 10, 2023 said there is no cause for alarm. It upheld the position that the Bank of Ghana suffered …

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DDEP: Top Nigerian bank slows down on lending in Ghana after losing billions

Top Nigerian bank group, Guaranty Trust Holding Company Plc, has announced plans to slow down on lending and bond trading in Ghana following a $77 million (N35.6 billion) impairment in its West African subsidiary. The banking group said that it will instead focus its activities on Nigeria and other high-yielding …

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DDEP: Ofori-Atta is a disease – Sammy Gyamfi

The National Communications Officer of the National Democratic Congress (NDC), Mr Sammy Gyamfi has said Finance Minister aken Ofori-Atta is a disease plaguing Ghana’s economy. Speaking on Newsfile on Saturday, 11 February 2023, Mr Gyamfi said: “This is the luckiest government we have seen in history”. “They’ve had unprecedented oil revenue, …

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‘I can sue for my entitlements’ – Ex-CJ Sophia Akuffo warns over unlawful DDEP

Retired Chief Justice Sophia Akuffo has warned of legal consequences if government pushes ahead with plans to include pensioners in the Domestic Debt Exchange Programme (DDEP). Asked about what options are available to her as a lawyer, she pointed to the fact that insofar as government had properties, she could …

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DDEP: This is wicked, disrespectful and unlawful – Gloria Akuffo tells government

Former Chief Justice, Sophia Akuffo, has described government’s move to include pensioners in the debt exchange programme as wicked, disrespectful and unlawful. According to her, it is wrong for government, through the Ministry of Finance, to sacrifice pensioners’ hard-earned monies to save the government after serving the nation. While bemoaning the …

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Banking sector is going to crash – Dr Mark Assibey-Yeboah predicts doom as DDEP negotiations continue

Dr Mark Assibey-Yeboah, a former chairman of the Finance Committee of Parliament is predicting doom for the financial sector if the Domestic Debt Exchange Programme (DDEP) is not handled well. The former Member of Parliament for New Juaben South does not see any light in the immediate future and is concerned that the finance …

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