Fitch Ratings has downgraded Ghana’s Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) to ‘RD’ from ‘CCC’.…
BUSINESS
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),…
GNPC’s expenditure increased by more than 200% in 2022 – PIAC report
The Ghana National Petroleum Corporation’s expenditure on various line items, mainly administrative expenditure and capital projects,…
Petroleum rakes in $1.43b in 2022 – Highest since production in 2010
Data from the 2022 Annual Report of the Public Interest and Accountability Committee (PIAC) showed that…
$2.5m of crude condensate missing at Tema Oil Refinery – Energy Minister
The Energy Minister, Dr. Matthew Opoku Prempeh, has revealed that crude condensate worth $2.5m has gone…
ECG ‘begs’ GRA to offset GH₵600m tax obligation
The Electricity Company of Ghana (ECG) is negotiating with the Ghana Revenue Authority (GRA) to offset…
Ghanaian media not financially viable – Report
The State of the Ghanaian Media Report 2023 says the Ghanaian media is not financially viable.…
NEDCo cuts power supply to BTU, Bolga NTC over indebtedness
The Northern Electricity Distribution Company (NEDCo) yesterday cut power supply to two educational institutions in the…