Under Ghana’s new debt deal with Eurobond holders following the country’s successful completion of its debt restructuring programme, bondholders will forego $4.7 billion of their investment claims while providing cash flow relief of about $4.4 billion during the country’s MF loan programme.
The Bank of Ghana (BoG) has granted permission for banks that have made significant progress in their recapitalization efforts to distribute interim dividends to shareholders.
Building on the momentum of its successful commercial paper market launch, the Ghana Stock Exchange (GSE) has launched its first regulated platform for trading public securities not listed on the stock exchange – a formal, automated Over-the-Counter (OTC) trading platform.
Ghana has successfully concluded its debt restructuring program with official creditors and Eurobond holders, Finance Minister Dr. Mohammed Amin Adam has announced.
The Youth Employment Agency (YEA) has rolled out its Business and Employment Assistance Programme (BEAP) with 1,452 businesses, aimed at bolstering Ghana’s economic recovery post-COVID-19.
Citi predicts that oil prices will plummet to the $60s range by 2025 as inventories build following a tight market this summer, signaling a bearish outlook despite current robust demand and higher prices.
The Minister of Trade and Industry, Kobina Tahir Hammond, has urged Chinese investors to collaborate with Ghana to increase their investments across Africa.
Ghana has reached an agreement in principle with its bondholders for the restructuring of $13 billion worth of international debt, three sources told Reuters on Thursday, on the heels of a deal finalised with official creditors earlier this month.
A four-member delegation from the Moroccan Ministry of Energy Transition and the Customs and Indirect Administration is in the country to understudy the National Petroleum Authority’s petroleum distribution system relative to tax administration.
Ghana's economy grew by 4.7 per cent year-on-year in the first quarter of this year, compared to the 3.8 per cent recorded in the same period last year, the Ghana Statistical Service (GSS) has revealed.
Ghana aims to secure $1.7 billion in loans and other support from the African Export-Import Bank (AFREXIM) before the end of the year, Minister of State at the Ministry of Finance, Abena Osei Asare, has disclosed.
