The International Monetary Fund (IMF) executive board is due to meet on Friday to consider the first review of Ghana's $3 billion rescue loan programme, a spokesperson said by email on Monday.
Ghana will reengage with its international bondholders from next week, finance minister Ken Ofori-Atta told Reuters on Monday, as the country seeks to build on the momentum of a deal last week to restructure $5.4 billion of official creditor debt.
SUSTINERI ATTORNEYS PRUC, a client-centric boutique law firm specializing in Corporate, Transactions, Tax, and Disputes has released its 4th Quarter edition of “the Ghana Fintech Report”.
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has welcomed the debt treatment agreement between Ghana and the Official Creditor Committee, saying, it is consistent with the objectives of the IMF-supported programme.
Ghana has reached an agreement with its Official Creditors under the G20 Common Framework, on a comprehensive Debt Treatment Beyond the Debt Service Suspension Initiative.
Ghana's official creditors have agreed to restructure debts that were extended to the country up until December 2022, two sources told Reuters, with Accra closing in on a key step required to advance its restructuring.
Ghana has received a draft term sheet on debt relief from its official creditors that is sufficient for the International Monetary Fund to disburse $600 million to the West African nation, Finance Minister Ken Ofori-Atta said.
The rate of inflation fell for the fifth consecutive month to 23.2 percent in December compared to 26.4 per cent in November, the Ghana Statistical Service has announced.
The market anticipates an elevation in Treasury bill yields throughout Q1 and Q2 of 2024, with the Treasury market retaining its position as the primary commercial financing avenue for government.
Bank of Ghana (BoG) Governor Dr Ernest Addison has conveyed optimism regarding prospective impacts from the domestic gold for reserves programme in strengthening reserves as the country moves into 2024.
The Bank of Ghana has granted authorization to some 16 forex exchange (FX) broker institutions for the transaction of local and international FX on the forex market.
In a significant development, Richard Nii Armah Quaye, the Founder and Board Chairman of Quick Credit, has declared that the company will cease its house-to-house loan recovery operations.
Businessman-author Robert Kiyosaki, known for his ‘Rich Dad, Poor Dad’ series of personal finance books, recently shared that he is under a debt of $1.2 billion.
