Tag Archives: GHANA

Ghana’s debt stock has increased by about GS86.6 billion since the Nana Akufo-Addo government came into office three years ago. Some economists and market watchers have described the rate and quantum of borrowing by the government as alarming and warned that it could plunge the nation into an economic crisis …

Ghana’s debt-to-GDP ratio is projected to hit 65% by the year 2023. According to international rating agency Moody’s, Ghana’s debt will rise primarily due to an annual assumption of 2% of GDP in the form of contingent liabilities. Moody’s’ forecast also includes disbursements under the $2 billion financing deal with …

International credit rating agency, Moody has reaffirmed Ghana’s credit rating at B3 with an upgraded outlook to positive from stable. This credit rating position is the best Ghana has received from Moody’s in the last decade. A statement issued by Moody on Friday, 24th January 2020 stated that “Moody’s investors …

FIFA has named Ghana among the top seeds for Qatar 2022 FIFA World’s Cup for African teams ahead of the draw to be held in the Egyptian capital of Cairo later today (Tuesday). Seeding pots for Qatar 2022 FIFA World’s Cup for African teams were by Federation of International Football …

The African Union (AU) is optimistic Ghana will hold a peaceful and successful general election this year. While acknowledging that the contest will be intense and fierce, the AU remained “confident that Ghana will pull it off successfully since we have no doubts about the country’s credentials as far as …

The Ministry of Finance has created an investment mechanism to help drive investment into the country from the Diaspora. Known as the ‘Africa Sankofa Account or the ‘Diaspora Savings and Investment Account,’ the interest accruing banking product is targeted at Africans living abroad, who desire to invest in the Ghanaian …

A new IMF staff report has said Ghana is closer to being classified as a high debt distressed country, theghanareport.com has learned. The possible classification means the IMF is concerned about the country’s ability to honour its international obligations. The public debt stock as at September 2019 was pegged at …

Ghana will soon swap the cedi for the new single ECOWAS common currency, the eco when trading within the ECOWAS region. “We, in Ghana, are determined to do whatever we can to enable us join the Member States of UEMOA, soon, in the use of the ECO, a statement from …

Ghana and China have signed a grant agreement for US$42.62 million for the implementation of economic and technical projects to be agreed on by the two sides for their mutual benefit. Finance Minister Ken Ofori-Atta, and Chinese Ambassador Mr Shi Ting Wang, initiated the deal on behalf of their respective …

Multiple reports from Ghana media houses are reporting the untimely death of a 49-year-old woman who died after having several bouts of sex with her younger partner who was said to be 29-years old in the Ashanti Region. The sad incident reportedly happened at Manso Nwiniso in the Amansie West …