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 […]

Source: Raphael Ghartey:myjpyonline.com The Minister for Roads and Highways, Kwesi Amoako-Atta has said that road toll will no more be collected by human beings when the levy is reintroduced in 2023. According to Mr. Amoako-Atta, the payment of road toll will be via electronic means. “We are going to build modern […]

Source:myjoyonline.com The government will raise ¢1.816 billion in treasury bills this week to refinance the upcoming maturities of ¢1.665 billion. The government secured ¢2.76 billion from T-bills sales last week. The amount realized surpassed the auction target of ¢1.852 billion by 48.41%. Also, the accepted amount exceeded the government T-bills […]

Source: MyJoyOnline.com The Deputy Finance Minister, Dr. John Kumah has advised bondholders to comply with the government’s debt exchange program. Speaking in an interview on JoyNews’ PM Express on Monday, Dr. Kumah stated that institutional bondholders who reject the program will have themselves to blame. “..then you don’t get the carrots, the benefits, […]