GH¢4.28bn in cash coupon payments
GH¢3.24bn in coupon payments-in-kind (PIK)
GH¢57.88m to holders of old bonds maturing on August 1, 2039.
By Joshua Worlasi AMLANU [email protected]
The Treasury is set to settle the second coupon payment on new bonds totaling GH¢4.28 billion in cash payments, this week, possibly spurring the market’s...
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...
An expected US$1 billion injection from development partners by year-end is expected to bolster the economy , Finance minister, Dr. Mohammed Amin Adam, has stated.
It comes amidst glimmers of broader economic recovery with Gross Domestic Product (GDP) surpassing its 2023 growth target, achieving a 2.9 percent appreciation.
Albeit, the cedi continues to...
Cost of government short-term borrowing is projected to decrease in second half of the year, coinciding with an anticipated decline in inflation. Interest rates tumbled once again across the yield curve, in line with falling inflation.
Treasury bill (T-bill) yields resumed their decline following a 190 basis points (bps) decrease...
By Barry EICHENGREEN
In July 1944, exactly 80 years ago, representatives of 44 countries met in an obscure New Hampshire village to negotiate the Bretton Woods Agreement establishing the International Monetary Fund. For many, reaching the ripe old age of 80 would be cause for celebration. For the IMF, the...
By Samuel LARTEY (Prof) [email protected]
In the aftermath of the latest budget presentation, the air is thick with discussions on how Small and Medium Enterprises (SMEs) and workers must navigate the evolving economic landscape. The budget, a crucial instrument for national economic planning, has laid out measures aimed at fostering...
By Joshua Worlasi AMLANU & Ebenezer Chike Adjei Njoku
The cedi (GH¢) experienced a decline against major trading currencies last week as foreign exchange (FX) liquidity remained tight in view of high demand, according to recent investor updates from Databank and Constant Capital.
The local currency's depreciation has been attributed...
By Samuel LARTEY (Prof)
In recent years, Ghana has witnessed a significant push toward digital financial inclusion, driven by the rapid growth of fintech and mobile banking technologies. According to the World Bank, by 2022, nearly 70% of Ghanaians had access to financial accounts, largely due to the proliferation of...
Gov’t, ECG should focus on minimising systemic losses
Pay suppliers, power generators, transmitter on time
The growth of renewable energy in the country should be seen as an opportunity, not a threat to the viability and future growth of the Electricity Company of Ghana (ECG), the largest distributor of...
The Acting Deputy Resident Representative of the United Nations Development Programme (UNDP) in Ghana, Jelena Raketic, has called on the private sector to leverage the Green Climate Fund to increase investment in climate change adaptation and mitigation initiatives.
She made this call at a Private Sector Climate Change Investment Forum...