The Domestic Debt Exchange Programme will blight the fortunes of pensioners and erode the gains in private pension funds, Dr. Kofi Anokye OWUSU-DARKO - a former Chief Executive Officer-National Pensions Regulatory Authority (NPRA) - has warned.
The value of private pension funds - 2nd-Tier and 3rd-Tier - stood at GH¢28billion,...
The government closed its Domestic Debt Exchange Programme (DDEP) with over 80 percent participation of eligible bondholders.
The programme, which was voluntary, seeks to tackle the current economic crisis, bring back macroeconomic stability and guarantee sustainable growth.
Its conclusion was protracted following five deadline extensions as various groups sought exemptions or...
The Minister of Finance, Ken Ofori-Atta, has urged China to grant Ghana an exemplary debt treatment solution.
The minister made this appeal to a Chinese delegation in Accra. The delegation is in the country to engage the Government of Ghana, following a request for the restructuring of the country’s US$1.9...
The decline in yields across the market’s short-term spectrum has halted, signlling a reversal of the cost-cutting move by the Treasury to keep yields on the low at around 15 percent for the 91-day T-bill. This is amid liquidity-tightening efforts by the Bank of Ghana (BoG).
At the BoG’s March...
In a move expected to provide much-needed financial relief, the International Monetary Fund (IMF) has granted approval for a US$3 billion, three-year extended credit facility for Ghana.
The Fund in a note on its website indicated that it's Executive Board had on Wednesday, May 17, 2023, approved an Special Drawing...
Last week, the Treasury market witnessed an upsurge in demand for Treasury bills, driven by improved liquidity conditions stemming from the recent GH¢2.4billion first coupon payment of new bonds from the domestic debt exchange programme (DDEP).
The heightened investor appetite for government debt instruments resulted in an oversubscription of 15 percent of...
After experiencing a volatile first half of 2023 (H1-23) marked by losses, the cedi is anticipated to sail smoothly in the latter half of the year - driven by significant foreign exchange (FX) inflows and a recovery in investor confidence.
The country is poised to receive substantial funding, with US$900million from...
Sub-Saharan Africa's economic growth will shrink for a second year in a row during 2023 before rebounding in 2024, the International Monetary Fund (IMF) said on Tuesday, in a report in which it cut its forecasts for economic expansion.
Growth in the region is expected to fall to 3.3% this...
As stated in articles 179 and 180 of the 1992 Constitution of the Republic of Ghana, the Executive is required to present an account of the management of the economy for 2023 and a Budget Statement for 2024 financial year to the Legislature for approval. The Budget Statement and...
Consumer inflation eased further in December 2023 - closing at 23.2 percent, down from November's 26.4 percent per data from the Ghana Statistical Service (GSS).
This 3.2 percentage point decline aligns with forecasts, providing relief from the previously higher and persistent inflation.
Cumulatively, inflation dropped 30.4 percent during 2023 while average...