The government has secured more than 80 per cent of targeted participation in the Domestic Debt Exchange Programme (DDEP), a source familiar with the process hastold the Daily Graphic. According to the source, the Central Securities Depository was conducting the final reconciliation of the numbers to ensure that there was no double counting. The deadline […]
Ghana is optimistic of concluding the ongoing negotiations with the International Monetary Fund (IMF) to get the support of the fund by March. This is because the issues surrounding the domestic debt exchange programme, one of the requirements, has been “virtually concluded”, paving the way for the country to go the full hog. President Nana […]
Finance Minister, Ken Ofori-Atta has assured that government will not touch Treasury Bills (T-bills) under the Domestic Debt Exchange Programme. According to him, it will be suicidal for government’s own finances and fundraising programmes in the future to touch T-bills as part of the programme. Mr. Ofori-Atta noted that government has conducted a Debt Sustainability […]
Ghana is poised to request debt relief through the G20 Common Framework programme and has sought reassurances that the negotiations can be expedited before proceeding, Reuters sources has said. It said Ghana, which secured a $3 billion staff-level agreement with the International Monetary Fund (IMF) in mid-December, has been hesitating due to the long delays […]
A third of the global economy will be in recession this year, the head of the International Monetary Fund (IMF) has warned. Kristalina Georgieva said 2023 will be “tougher” than last year as the US, EU and China see their economies slow. It comes as the war in Ukraine, rising prices, higher interest rates and […]
A former Finance Minister, Dr Kwabena Duffuor, has proposed the establishment of a National Economic Rescue Team to help find immediate and lasting solutions to the current economic challenges. He said the depth of the economic crisis and the ongoing attempt to restructure the domestic debt towards macroeconomic stability and recovery of the economy call […]
The government has settled on a softer payment plan with institutions and individuals who have lent money to the country as part of efforts to reduce the burden the public debt stock puts on the economy. The plan, which is in line with the government’s commitment to restore macroeconomic stability in the shortest possible time, […]
President Nana Addo Dankwa Akufo-Addo has said the talks with the International Monetary Fund (IMF) and the 2023 Budget will seek to address the concerns of Ghanaians and inject their aspirations into the management of the economy. He said it was for that reason he had, in the last three weeks, been meeting various stakeholders […]
The prospect of Ghana securing an expedited deal with the International Monetary Fund (IMF) has been given another boost, as the United Kingdom (UK), Germany and France have pledged to support the country to deal with its current economic crisis. These financing commitments came on the back of closed-door bilateral meetings hosted by a government […]
The Ministry of Finance and the Bank of Ghana have constituted a five-member consultative committee to act as the liaison between the two state agencies and the financial services industry in developing a debt management strategy that meets the expectations of the government and the private sector investors. The work of the committee is also […]
The International Monetary Fund (IMF) is optimistic that the country will emerge stronger from the current economic challenges that have seen the prices of goods and services soar. The challenges have also led to difficulties for the government to access the international capital market for funds to finance development. The IMF said the country had […]
The International Monetary Fund (IMF) says a deal with Ghana should be reached and finalised before the end of the year. Already, very constructive discussions have been held and the fund is determined to work with the Ghana government and the Ministry of Finance to ensure that an agreement is in place before the end […]
