The ministry of finance has affirmed that ongoing negotiations regarding debt restructuring with creditors have not culminated in failure.
Through a tweet, the ministry clarified that an interim agreement has been reached between Ghana and bondholders, but adjustments are necessary to align with IMF debt sustainability targets.
“Ghana and Bondholders reached...
Intellectual Property Rights, a crucial legal framework, serve as a shield for intellectual property and intangible creations of the human mind. These include inventions, literary and artistic works, designs, and symbols used in commerce. Intellectual property rights play a pivotal role in fostering innovation and economic growth by significantly...
In a significant engagement underscoring international collaboration for sustainable development, Development Bank Ghana (DBG) hosted a distinguished delegation from Germany’s Bundestag (Federal Parliament).
The visit took place at DBG's headquarters recently.
The German delegation was led by Mr. Volkmar Klein, MP, representing the State of North Rhine-Westphalia, and Mr. Lutz Lienenkämper,...
By Joshua Worlasi AMLANU & Ebenezer Chike Adjei NJOKU
[email protected] / [email protected]
The recent hike in inflation in March was ‘not surprising’ and poses no significant threat to the general recent disinflationary trend, Head of Research at GBC Capital, Courage Boti, has said.
Consumer inflation reached a new high of 25.8 percent...
By Joshua Worlasi AMLANU & Ebenezer Chike Adjei NJOKU
Last week witnessed a significant appreciation of the cedi against major currencies, buoyed by a combination of positive factors.
According to Databank Research, the infusion of US$300million by the World Bank, the first tranche of its US$900million support to Ghana, coupled with...
but faster and more equitable growth needed to reduce poverty
Increased private consumption and declining inflation are supporting an economic rebound in sub-Saharan Africa. However, the recovery remains fragile due to uncertain global economic conditions, growing debt service obligations, frequent natural disasters and escalating conflict and violence, according to...
By Joshua Worlasi AMLANU & Ebenezer Chike Adjei NJOKU [email protected]/ [email protected]
The Treasury faces a potential hurdle in deficit financing as commercial banks, which hold over 35 percent of outstanding Treasury bills, are expected to gradually liquidate their holdings to fund credit creation, according to a note from GCB Capital.
The...
By Dr. Richmond ATUAHENE
Abstract
The present paper examines the issue of the current Ghana’s public debt crisis, its underlying causes and lessons for the present and the future. After providing a historical discussion, we show that the austerity of the last four years has been unsuccessful in stabilizing the debt...
GCB Capital predicts end of ‘free cash’ era for passive banking
but economist argues move not necessary
By Joshua Worlasi AMLANU & Ebenezer Chike Adjei NJOKU [email protected] / [email protected]
The real sector – businesses and households in the country – could be set for a significant boost with loans and...
Joshua Worlasi AMLANU & Ebenezer Chike Adjei NJOKU ([email protected]/ [email protected])
The Treasury suffered a pullback last week as investors' demand for Treasury bills (T-bills) fell by 43 percent, the market’s first under subscription in 17 consecutive weeks.
This marked a shift from the strong investor demand that had characterised the market...
