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Ghana’s economy: NPP Communications Director touts successful debt negotiations as a victory for economic resilience

Ghana’s economy: NPP Communications Director touts successful debt negotiations as a victory for economic resilience

The Director of Communications for the governing New Patriotic Party (NPP), Richard Ahiagbah, has touted government’s successful negotiation of Ghana’s debt. The latest negotiation with its lenders resulted in the cancellation of $15 billion, which

Business
Ghana completes debt restructuring programme with official creditors

Ghana completes debt restructuring programme with official creditors

Finance Minister Dr. Mohammed Amin Adam has announced that Ghana has successfully completed its debt restructuring programme with official creditors, restructuring $5.1 billion in debt and saving the country $2 billion. Speaking at a UK

Business
Government to settle first coupon for Bonds affected by DDEP

Government to settle first coupon for Bonds affected by DDEP

The Ministry of Finance has begun the process of settling the first coupon payment of bonds affected by the domestic debt exchange program (DDEP). The Ministry said the matured coupons amount to GHC 2.4 billion,

Politics
Debt Exchange: Concerns gov’t is scamming investors genuine — Sam George

Debt Exchange: Concerns gov’t is scamming investors genuine — Sam George

Member of Parliament for the Ningo Prampram Constituency, Samuel Nartey George, has said that concerns by investors of the various government bonds that they are being cheated in dubious ways are valid. According to him,

Business
Finance Minister addresses Parliament on debt restructuring measures

Finance Minister addresses Parliament on debt restructuring measures

Finance Minister addresses Parliament on debt restructuring measures Finance Minister, Ken Ofori Atta, addressed Members of Parliament on the progress of the government's debt restructuring measures. During his presentation today on the floor of Parliament,

Business
If our pension assets are included in DDEP, we will go to court – Sophia Akuffo

If our pension assets are included in DDEP, we will go to court – Sophia Akuffo

If pensioner funds are included in the Domestic Debt Exchange Program, former Chief Justice Sophia Akuffo has threatened to sue the government. The former Chief Justice spoke with reporters after she joined a group of

Economy
Government and GIA reach agreement on terms for debt exchange program

Government and GIA reach agreement on terms for debt exchange program

The Ghana Government and the Ghana Insurers Association (GIA) have agreed on the participation of insurance companies in the Domestic Debt Exchange Programme (DDEP). This was contained in a joint press statement issued by the

Politics
Only ‘juju’ will make investors sign debt exchange programme – Adongo

Only ‘juju’ will make investors sign debt exchange programme – Adongo

The Member of Parliament for Bolgatanga Central, Isaac Adongo, says only juju -– a magical or supernatural power with the ability to influence one's decision-making --- will lure investors to join the government’s domestic debt

Politics
Debt restructuring: Government is blackmailing investors with fearmongering – Adongo

Debt restructuring: Government is blackmailing investors with fearmongering – Adongo

The Member of Parliament for Bolgatanga Central is accusing the Akufo-Addo government of employing bullying mechanisms to compel local investors to sign the domestic debt exchange programme aimed at salvaging the country’s ailing economy. Mr

Business
Deadline for debt exchange programme extended to January 31

Deadline for debt exchange programme extended to January 31

The government of Ghana has extended the domestic debt exchange program's expiration date from today, January 16, to January 31, 2023. The Office of the Finance Minister revealed this in a tweet on Monday. “Building