Former Ghana international, Prince Tagoe, has been remanded into police custody until January 4, 2023, for allegedly defrauding Black Stars assistant coach, George Boateng, of $40,000 by an Accra Circuit Court on Wednesday, per a report by Accra-based radio station Starr FM. The former Hearts of Oak player pleaded not guilty to […]

Source:myjonline.com Government has announced an exemption of all pension funds from the Debt Exchange Programme. This follows a meeting between Organised Labour, the Ministry of Employment and Labour Relations, the Finance Ministry, the National Security Ministry, and all other parties involved on Thursday, December 22. The exemption of all pension […]

The government of Ghana was expected to pay outstanding Eurobond loans worth at least $7.85 billion in the next 10 years, without a debt restructuring. According to data contained in the 2021 debt report released by the Finance Ministry, nine outstanding Eurobonds maturing in the next the 10 years could […]

Source: Dr. Richmond Akwasi Atuahene and K.B. Frimpong, FCCA This study seeks to analyze the impact of Ghana’s debt exchange on the financial and real sectors of the economy. Ghana’s public debt stock including both domestic and external debt has increased from around 20% of Gross Domestic Product (GDP) in 2006 […]

Source: Myjoyonline.com Some disgruntled clients of Databank have threatened to attack the company for failing to honour withdrawal requests. Chief Executive Officer of the firm, Kojo Addae-Mensah who disclosed this to JoyNews on Thursday, said the situation is serious and could get out of hand. “It is a very serious matter. […]

Global Ratings agency S&P has lowered the sovereign rating on Ghana to ‘selective default’ from CC, a day after the country announced it would suspend its debt payments to some external creditors including holders of Eurobonds. This is the second time within two weeks that the international rating agency has […]

By: Edzorna Francis Mensah Parliament has passed the Excise Duty (Amendment) Bill, 2022 in line with ECOWAS Protocols and to also raise revenue to mitigate the harmful effects of those products. The object of the Excise Duty (Amendment) Bill, 2022 is to amend the Excise Duty Act, 2014 (Act 878) […]