Tag Archives: DEBT

President Akufo-Addo has disclosed that the government has settled the Energy Legacy Debt. The President made this known during the swearing-in ceremony of the Governing Board of the Public Utilities and Regulatory Commission at the Jubilee House. Ghana’s energy sector is believed to be plagued with billions of accumulated debt …

Ghana’s current public debt stock of GHȼ334 billion means each citizen owes GHȼ11,133. That is, if the provisional public debt stock was evenly distributed among the 30 million Ghanaians at the end of June this year. Inference drawn from data provided by the Bank of Ghana suggests that the increase …

  Government has unveiled a new domestic debt securities issuance calendar for the period June to August 2021. Interestingly the new calendar overlaps part of the immediate past one which was released less than two months ago, covering the second quarter of the year i.e. April to June. Actually, this …

  Ghanaian giants, Asante Kotoko is set to be ordered to pay another hefty judgment debt, information reaching footballghana.com has revealed. The Kumasi-based club over the years has been slapped with several orders to pay compensations not only to players but coaches whose contracts were abrogated prematurely or unfairly. While the club …

• Ghana’s public debt has risen by GH¢3 billion • This was revealed the latest BoG summary of Economic and Financial Data • The US$3 billion Eurobond is a contributing factor Ghana’s public debt stock is now GH¢304.6 billion. According to the latest Bank of Ghana (BoG) summary of Economic …

  Latest figures from the Bank of Ghana’s Summary of Economic and Financial Data show that Ghana’s debt stock rose by GH¢13 billion to hit GH¢304.6 billion as of March 2021, representing 70.2% of Gross Domestic Product (GDP). The additional GH¢13 billion debt came about between December 2020 and March 2021. …

Government has missed out on the opportunity to save nearly US$560m in debt servicing costs after it elected not to take part in a debt relief initiative for lower income countries badly hit by the pandemic. The Debt Service Suspension Initiative (DSSI), championed by the International Monetary Fund (IMF) and …

  The International Monetary Fund (IMF) has advised government to prioritise controlling spending and generating more revenue in order to reduce the country’s debt burden which has been exacerbated by the onslaught of the pandemic. Currently, according to the IMF, the public debt stands at 78 percent of GDP in …

Ghana’s debt increase of 137 percent between 2016 and 2020 is lower than that of previous administrations, Finance Minister, Ken Ofori-Atta has disclosed. Comparing debt levels of all the past governments, Mr Ofori-Atta said the rate of increase in debt presently, was lower than that of former President John Kufuor, late former …

Ghanaian football icon Mohammed Polo has opened up on how one Dr Abubakari Ibrahim allegedly defrauded him of $35,000. Polo in a yet-to-be aired interview with GhanaWeb recounted that during his playing days, he was approached by the said Dr Ibrahim to invest in estates in London. Polo says that …