The government raised GHS 4.06 billion through the issuance of short-term debt instruments on Friday, July 26, falling short of its GHS 4.77 billion target.
The banking sector is showing signs of recovery from impacts of the Domestic Debt Exchange Programme (DDEP) with private sector credit extension improving, but a sharp rise in non-performing loans (NPLs) threatens to derail progress according to latest data from the Bank of Ghana (BoG).
Dr. Ernest Addison, Bank of Ghana Governor, has expressed confidence in the Bank’s improved capacity to protect the economy from external shocks and maintain stability in the foreign exchange market.
Governor of the Bank of Ghana, Dr Ernest Addison, says the Central Bank has enough foreign reserves to make payment for the upcoming $478m in debt service to the country’s Eurobond holders.
Herbert Krapa, Minister of State at the Ministry of Energy, says the government is committed to taking concrete steps towards reducing emissions and meeting its international obligations under the Paris Agreement.
Mr Herbert Krapah, the Minister of State at the Ministry of Energy, has reiterated the government’s continuous support for private establishments such as Sentuo Oil Refinery.
The Minister of State at the Ministry of Energy, Herbert Krapa, has commissioned Africa’s largest rooftop photovoltaic solar plant, producing 16.8 megawatts of electricity, at the Tema Free Zones Enclave.
The Minister of State at the Ministry of Energy, Herbert Krapah, has called for a deeper partnership between the Tema Oil Refinery (TOR) and Sentuo Oil Refinery.
The Ghana International Bank (GHIB) is set to host its inaugural ‘CNVERGE’ conference, to promote dialogue and collaboration on improving African international trade banking.
1. The Right Honourable Speaker, Honourable Members of Parliament, on the authority of His Excellency, President Nana Addo Dankwa Akufo-Addo, I present to you the Mid-Year Fiscal Policy of the Budget Statement and Economic Policy of the Government of Ghana for the 2024 Financial Year.
Finance Minister Dr Mohammed Amin Adam has announced that the government has approved an additional GH¢1.5 billion for settling unresolved claims associated with financial management companies.
The World Bank in its eighth Ghana Economic Update, says the country has seen ‘steady progress’ in the past year towards economic stabilisation though challenges remain.
