The Management of Ghana Cocoa Board (COCOBOD) has urged the general public to dismiss former president…
BUSINESS
Struggling Ghana loses access to Eurobond market, faces depleting reserves
In June 2022, when Ghana approached the IMF for a $3 billion bailout package, it was…
Volta: ECG to disconnect customers after PURC approved 14-day grace period
The Electricity Company of Ghana (ECG) has issued a warning to its customers that they have…
Cement prices to drop as manufacturers resort to local materials
Prices of cement in Ghana is expected to fall in the near future as manufacturers submit…
NCA deactivates 6.1 million SIM cards in Ghana
The National Communications Authority (NCA) has deactivated 6.1 million Subscriber Identity Module (SIM) cards that have…
Ghana’s debt-to-GDP falls by only 1% despite debt restructuring – Fitch
Despite a substantial redemption reprofiling and significantly lowered interest rates, rating agency, Fitch estimates that the…
Fitch downgrades Ghana’s borrowing capacity to ‘Restrictive Default’
Fitch Ratings has downgraded Ghana’s Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) to ‘RD’ from ‘CCC’.…
Contractors threaten to sue gov’t over unpaid debts
The Chamber of Construction Industry has warned that the government could soon face legal action from…
DDEP: Banks to further lose ¢6.1bn – Report
Further analysis of the Domestic Debt Restructuring indicate that the 23 banks operating in this country…
Ghana’s reserves almost empty; to end 2023 at nearly 3 weeks of import cover – IMF
Ghana’s net international reserves will end 2023 at nearly three weeks of import cover (0.8 month),…