Tag Archives: DEBT

The Electricity Company of Ghana (ECG) owes Independent Power Producers (IPPs) some US$996million for power purchased. The arrears, accumulated between 2021 and this year, stood at US$900million as at last May but have now risen to US$996million at the end of September 2022 due to ECG’s inability to fully pay …

A heart breaking suicide note of a teacher who killed herself has emerged. Yesterday, social media was filled with sad reports after a female teacher killed herself due to financial strains. The teacher is said to have a lot of debts which she failed to pay back and decided to …

There is a 50% chance that Ghana could default on its debt repayment, rating agency, Fitch, has projected. The agency said that Ghana’s sovereign credit rating may yet face another downgrade closer to default. According to a report by myjoyonline.com, Fitch said that this could become an even more definite …

The Southern District Court of New York has refused a request by an insurance company to cause the University of Ghana to pay an amount of $165,000,000 in judgement debt, myjoyonline.com reports. The payment, according to ACE American Insurance Company, is for a breach of the University’s obligations under a …

The decomposed body of a 22 year old charcoal seller has been found hanging in an abandoned public toilet at Gomoa Obiri in the Gomoa West District of the Central Region. Information gathered by Kasapa FM news Yaw Boagyan revealed that the deceased Kobina Gyata got missing for about three …

Former Accra Hearts of Oak captain, Emmanuel Osei Kuffour, has revealed that he will take hold of everything in the club’s office if they fail to settle his $15,000 in bonuses for winning the CAF Champions League in 2000. According to Kuffour, the management and the players put pen to paper and agreed …

Increasing inflation, debts and forex crisis are pushing Nigerian and other African economies to the brink, the International Monetary Fund has warned. SaharaReporters earlier reported that IMF Managing Director, Kristalina Georgieva, had said the outlook for the global economy had “darkened significantly” since April. She warned that a global recession …

The French ambassador to Ghana, Anne-Sophie Ave, has said although “Ghana has all the ingredients to succeed”, the country’s high level of debt, has necessitated the need to resort to the International Monetary Fund, which she said is the “only international bank that has the means and whose job it …

The wife of the brother of the District Chief Executive for Kwahu Afram Plains South District in the Eastern Region has been shot dead by her debtor. According to reports available to DGN Online, the sad incident happened last Saturday when the debtor allegedly invited the woman (deceased) Akosua Esi …

Member of Parliament for Adaklu, Kwame Governs Agbodza, has cautioned that government risks attracting a judgment debt over the abrogation of an international contract involving a Chinese company. The lawmaker told the media on Monday, June 27, 2022; that government has been sued by Beijin Everyway in respect of the …