President Akufo-Addo has called on the global investor community to recognize early, the fact that Africa is the new frontier for manufacturing, technology and food production.
President Akufo-Addo says after a turbulent start to the 2020s, African economies have since 2023, consolidated their recovery and demonstrated resilience and adaptability while navigating an uncertain global environment.
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.
