All member countries of the G20 group of economic powers are on board for a restructuring of Ghana’s debt and Paris Club members are ready to take the first step towards forming a creditor committee, an official from the Paris Club told Reuters on Thursday.
The announcement by the National Communications Authority (NCA) to grant a conditional approval for the transfer of the 70 per cent majority shares in Vodafone Ghana to Telecel Group is creating an uneasy calm among workers of Vodafone.
The Ghana Stock Exchange (GSE) has approved a request by the Ghana Association of Banks (GAB) on behalf of the listed banks for the filing of 2022 audited Financial Statements to be extended to April 30, 2023.
The Deputy Director-General of Finance & Administration at the Ghana Maritime Authority (GMA), Yaw Akosa Antwi, has said corruption in the maritime industry will persist due to the nature of the shipping industry.
Asante Gold Corporation is on course to meet its 400,000 ounces’ gold production target after recording a 20.7 per cent increase in average monthly gold production for November and December 2022, as compared with the prior two months.
Until the Bank of Ghana and the Precious Mineral Marketing Company (PMMC) block leakages that emanates from the exports of gold, the gold for oil initiative being undertaken by the government will amount to nothing, a former Chief Executive Officer of the Ghana National Petroleum Corporation, Alex Mould has advised.
The government has reached an agreement with individual bondholders to have a technical team to review its petition on the Domestic Debt Exchange Programme (DDEP).
The Producer Price Inflation (PPI) which measures the average change over time in the selling prices of goods and services as received by domestic producers has dropped to 52.2 per cent for December 2022.
A group of individual bond holders have entreated the general public to reject and refrain from complying with the mandatory deadline imposed under the Domestic Debt Exchange (DDE) program.
More than two dozen aid and campaign groups have called for international creditors to cancel a large portion of Ghana’s debts as it struggles to contend with an economic crisis.
The Governor of the Bank of Ghana, Dr. Ernest Addison has noted that the depreciation of the cedi is due to the daily pressures on the Ghanaian economy.
Ghana-based international contract mining and civil earthworks contractor BCM Group has expressed their firm belief that this year is projected to be profitable and productive for the firm after a downturn two years ago.
A chartered economist Emmanuel Amoah Darkwa is sounding the alarm that Ghana is doomed for the worse if the government goes ahead and implements the debt exchange in its current form.
