S&P Global Ratings on Friday pushed Ghana’s debt further into speculative territory, lowering its foreign and local currency sovereign ratings to CCC+/C from B-/B. S&P said its outlook for the country is negative, “reflecting Ghana’s limited commercial financing options, and constrained external and fiscal buffers.” The Covid-19 pandemic and the […]

IMF Staff Concludes Visit to GhanaJuly 13, 2022 End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive […]

The Keta Port is non existing but the government has kept paying the director for ten months, the MP for North Tongu Samuel Okudzeto Ablakwa has revealed. The director, Dr Alexander Adusei who was appointed by Nana Addo has been receiving salaries worth millions of cedis for the fanthom port, […]

It is emerging that government of Ghana is coughing out an amount of GH¢300,000 a month on the accommodation, fuel, driver, and emoluments of the new Director of Keta Port, Dr Alexander Y. Adusei Jr, the current New Patriotic Party (NPP) Chairman in Columbus Ohio, USA and a minimum of […]