Source: www.graphic.com.gh Organised Labour has declared an indefinite strike starting from December 27. The strike will be in force until the government exempt pension funds from the planned debt exchange programme. The Secretary General of TUC, Dr Yaw Baah, announced the industrial action at a press conference in Accra today. […]

Former president John Dramani Mahama has called on government to privatise the operations of the Electricity Company of Ghana. The operations and financial standings of the company have come under scrutiny over the years with calls for the company to be sold to a strategic partner to make it more […]

source: Myjoyonline.com The Agbogbomefia Paramount Chief of Asogli State has described the government’s promise of “no haircuts” in the ongoing debt exchange programme as a mockery. Togbe Afede XIV said the opposite is currently happening. According to him, a reduction in a promised coupon simply means a “haircut.” In a […]

Source:Myjoyonline.com About six weeks ago I was in New York, and for the first time in almost three decades, I struggled to sell the economic credentials of my country. When we were approaching the runway at Kotoka International Airport, at the end of my return journey, I looked outside from […]

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 […]

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 […]

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 […]

Source: Ernest Arhinful  / myjoyonline.com Founding President of IMANI Centre for Policy and Education, Franklin Cudjoe says he has suffered a “haircut” of over ¢100,000 on his investment with EDC. Mr. Cudjoe said the loss is due to the Marked to the Market value currently being implemented.  He disclosed this in a Facebook […]