Business

Business

Restructuring Ghana’s Debt: Pay your taxes, reduce the size of government – OccupyGhana to Akufo-Addo

Source: Myjoyonline Pressure group, OccupyGhana, has outlined some ten measures which can potentially put the country’s economy on track should they be implemented by the government. According to the group, the government cannot continue to blame the Covid-19 pandemic and the Russia-Ukraine war for its current situation since the country’s “debt […]

Business

Debt Exchange: 8 banks highly exposed to government bonds, maybe hit hardest – Report

Source:myjoyonline.com About eight banks [names withheld] are highly exposed to the Government of Ghana securities, particularly bonds and could therefore be impacted significantly by the Debt Exchange Programme. According to the November 2022 Ghana Fixed Income Market report, the banks (four foreign and four local) together controlled about 83.91% of […]

Business

Ghana and the IMF: debt restructuring must go hand-in-hand with managing finances better

Source: The Conversation  Ghana is struggling with managing its debt, 20-year high inflation, a weak currency, and rising inequality. For example, inflation rose to 33.9% in August 2022 from 9.7% a year earlier, while the cedi has depreciated by 41% year-to-date against the US dollar. These vulnerabilities have been worsened by the aftershocks of the ongoing […]