Wednesday, February 8, 2023
Ghana’s expenditure has been driven by interest expenditure and the only option would be to restructure both its external debt as well as the huge and expensive domestic debt. Also, the persistent depreciation of the local currency against the US $ has contributed the unsustainable debt levels It can...
The financial services industry has been called upon to unite in engagements concerning the Domestic Debt Exchange Programme (DDEP), as unfavourable terms will have long-lasting implications on every aspect of the industry. Speaking at his investiture as the new Chartered Insurance Institute of Ghana (CIIG) president, Solomon Lartey - Chief...
The Ghana Association of Banks (GAB) and government have reached a significant agreement regarding the terms of participation for banks in the Domestic Debt Exchange Programme (DDEP). This agreement includes improvements to the DDEP, such as a 5 percent coupon for 2023 and a single coupon rate for each of...
Belém, Brazil – I inaugurate this new series of columns in a New Year and a new beginning for Brazil with the inauguration of President Lula da Silva.  His well-wishers poured out across the country in a revival of hope for Brazil after four years of disastrous rule under...
The government of Ghana’s domestic debt management plan is getting murkier each day, and is dotted with uncertainties. From Finance Minister Ken Ofori-Atta’s highly-trumpeted announcement that Ghana would not go to IMF for a bailout then resorting to it - and the unfolding debt management plan, it appears something...
  Report calls for bold policy actions to help African economies mitigate compounding risks L-R: AfDB President Dr. Akinwumi Adesina, Niale Kaba, Minister of Planning and Development of Côte d'Ivoire, and Prof. Kevin Urama, Acting Chief Economist and Vice President at AfDB, at the Abidjan launch of the 2023 Africa's...
The Ghana Stock Exchange (GSE) has approved a request by the Ghana Association of Banks (GAB) to extend, by one-month, the filing of 2022 audited financial statements. The request by GAB was made on behalf of eight listed bank and will now move the date to April 30, 2023 instead...
…implementing effective measures against cyberattacks  The financial sector is a prime target for cybercriminals due to the large amount of sensitive information and financial assets it possesses. Cyber-attacks, such as data breaches and fraud, can cause significant harm to both financial institutions and their customers. As the threat of cyber-attacks...
Uncertainties arising from the impending Domestic Debt Exchange Programme (DDEP), coupled with rising interest rates and foreign exchange fluctuations, will take a toll on the equities market say analysts. “The situation has not only affected investor confidence in the financial sector but is also likely to have a negative impact...
Headwinds last year hampered post-pandemic recovery Growth to rebound to 4% in 2023, 2024 Inflation to decline from last year's decade-high Improvements remain fragile Africa's economic growth will stabilise at 4% over the next two years, and inflation will slow as the continent rebounds from a pandemic-induced slump and...
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