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Finance
Ghana’s IMF deal and the bumpy journey of Paris Club debt relief
International Monetary Fund (IMF) Board approval for Ghana’s $3 billion bailout package cannot be pinned down to a specified date.
This is because, even if the Paris Club members…
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Ofori-Atta appeals to Parliament to approve revenue measures
Finance Minister Ken Ofori-Atta has informed parliament of his intention to present necessary fiscal adjustments to the house in august after the debt operation is completed.…
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IMF assigns resident financial supervision adviser to BoG
The International Monetary Fund (IMF) has assigned a Resident financial sector supervision adviser to the Bank of Ghana (BoG) to provide technical assistance and help build the capacity…
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Govt pledges to pay coupons, principals on all maturing bonds
Government has assured all bondholders, including those who self-exempted from the voluntary Domestic Debt Exchange Programme (DDEP) that it will honour all coupon payments and maturing…
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Ayariga warns BoG against using GAT to bailout banks
The Member of Parliament for the Bawku Central constituency, Mahama Ayariga, has in a strongly-worded letter, cautioned the Governor of the Bank of Ghana, Ernest Addison, against…
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Economic challenges hit Ghanaian banks severely
Profitability declines, loans impairment higher, operating costs rising
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Ato Essien to court: Give me chance to explain if I default
Founder and Chief Executive Officer (CEO) of defunct Capital Bank, William Ato Essien says he should not be jailed if he defaults in paying GH₵20 million to the state by April 28, 2023.…
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Insurers, Securities industry join domestic debt exchange
The Domestic Debt Exchange Programme (DDEP) is gathering positive momentum as the Ghana Securities Industry Association (GSIA) has become the third financial sector player to agree to…
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Jinapor urges private sector to own AFCFTA agenda
Caretaker Minister for Trade and Industries Samuel Abu Jinapor, has urged the Private sector in Ghana and in Africa to own the African Continental Free Trade Area (AfCFTA) Agenda.…
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Govt, banks reach agreement on domestic debt exchange
Government and the Ghana Association of Banks (GAB) struck a deal in which government will pay 5% coupon for 2023 under Domestic Debt Exchange Programme (DDEP).
Single coupon rate…
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