Tag Archives: debts

Executive Director of the African Centre for Energy Policy (ACEP), Benjamin Boakye, has stated that the Electricity Company of Ghana (ECG) needs private investment. According to him, government also needs to divide the financing requirements into manageable portions for Ghanaian businesses to take over. This, he said, would help the …

Russian President Vladimir Putin said Moscow has written off the debts of African states worth more than $20 billion. Speaking at an international parliamentary conference titled “Russia-Africa in a Multipolar World,” Putin said the trade turnover between Russia and African countries is growing every year, reaching almost $18 billion in …

The Electricity Company of Ghana (ECG), has disconnected power supply to some institutions in Ho in the Volta region. Power supply was cut to the Ho Airport which owes the power distributing company GHS63,000 on Monday, 20 March 2023. The Ho Technical University, the regional office of the Ghana Revenue …

President Nana Addo Dankwa Akufo-Addo has tasked Ghanaians to be patient in the midst of the current economic downturn. Government is seeking a programme with the International Monetary Fund (IMF) with the view to salvage the economy which suffered a torrid 2022 characterised by a rapidly depreciating currency, galloping inflation …

The government has announced suspension of all debt service payments under certain categories of the country’s external debt, pending an orderly restructuring of the affected obligations. This suspension will include the payments on the country’s Eurobonds; commercial term loans; and on most of the country’s bilateral debt. This suspension, according …

The Electricity Company of Ghana has disconnected the Kotoka International Airport, Accra Sports stadium and the University of Professional Studies, Accra (UPSA) from the national grid for their failure to pay accumulated debts. The three key institutions were disconnected in April this year after all attempts by the power distributor to …

The Electricity Company of Ghana has issued a disconnection notice to Ghana’s premier university, the University of Ghana, UG, over power debts to the tune of GH¢33 million. The power distributor issued a 72-hour ultimatum for the university to settle the bill or face disconnection from the national grid. Reports …

Contrary to the three months grace period the Electricity Company of Ghana (ECG) gave to its customers to clear their oustanding debts, the power distribution company has given its customers in the Lower Manya Municipality two years period to spread and clear their accumulated debts between the period of 2018 …

  Exactly four years ago in 2016, Member of Parliament for the Ablekuma West Constituency, Ursula Owusu Ekulful, has revealed that some MP’s usually die from debts they incur during electioneering periods. Her comments at that time was in reaction to a research conducted by the Centre for Democratic Development …

President Akufo-Addo has called for a reform of the Global Financial Architecture (GFA) to enable it respond better to the needs of Africa better. He has also called for the cancellation of debts owed by African countries, in the wake of COVID-19. The President, who made the call on Tuesday …