News Ghana Interest: Ghana sets relief measures for banks participating in local debt exchange
By Cooper Inveen ACCRA (Reuters) - Ghana's central bank has laid out relief measures for banks that participate in the government's domestic debt exchange in a bid to allay their worries over its potential impact, it said in a letter seen by Reuters on Friday. The West African country, which is going through its worst economic crisis in a generation, had on Monday launched a plan to exchange its
News Ghana Interest: Ghana Plan to Cut Interest Costs Gets Pushback From Local Funds
(Bloomberg) -- Ghana’s request that private pensions forfeit some interest payments on government bonds to help it restructure debt and qualify for $3 billion of International Monetary Fund support has received short shrift from local funds.Most Read from Bloomberg‘Huge, Missing and Growing:’ $65 Trillion in Dollar Debt Sparks ConcernWall Street Goes Risk Off as Bank CEOs Sound Alarm: Markets WrapEx-Deutsche Bank Trader Builds $6 Billion Fortune on Trading BoomThird Russian Airfield Hit by Drone
News Ghana Interest: Ghana: Avoid Partisanship in Matters of National Interest
On October 25, this year, some 80 members of the Majority caucus in Parliament called on President Nana Addo Dankwa Akufo-Addo to remove the Minister of Finance, Mr Ken Ofori-Atta, from office without any "further delay", to restore hope in the financial sector and reverse the downward trend of the economy.
News Ghana Interest: Explainer: Who holds Ghana's debt and what restructuring is planned?
(Adds sources say IMF agreement expected) By Rachel Savage and Marc Jones JOHANNESBURG/LONDON, Dec 9 (Reuters) - Ghana has begun restructuring its debt by rolling out a plan to swap $10.5 billion in local bonds with new ones, seeking IMF help and by preparing a proposal to restructure its foreign debt as the West African country struggles with its worst economic crisis in a generation. WHY THE
News Ghana Interest: Ghana CPI hit 12.6% in December on rising housing, transport costs
Ghana's consumer price inflation rose to 12.6% year-on-year in December compared with 12.2% the previous month, largely due to rising housing and transport costs, exceeding the Bank of Ghana's ...
News Ghana Interest: UG Accommodation: Reduce your interest rate to attract investors – UGBS Lecturer urges management
Financial Economist at the University of Ghana Business School (UGBS), Prof. Lord Mensah has urged management of the institution to reduce its interest rate while leasing lands to investors.
