inflation, exchange and interest rates to stabilise
The Minister of Finance, Ken Ofori-Atta, has assured of improved economic stability with a successful completion of the Domestic Debt Exchange Programme (DDEP).
The programme, which he says forms part of government's response strategy to addressing the current economic challenges, will impact positively...
Government has since 2017 invested over GH¢2billion in the Small and Medium Enterprises (SMEs) space, Chief Executive Officer (CEO) of the Ghana Enterprises Agency (GEA), Kosi Yankey-Ayeh, has said.
She said the investment seeks to revive the country’s SME sector as part of plans to transform the economy from import and...
The nation’s credit ratings could sink further, as credit evaluator Fitch Ratings warns of another possible downgrade due to several factors - including failure to honour interest and principal payments on maturing bonds to holders who opted out of the debt exchange during the grace period.
This, Fitch says, could...
pledges support for domestic and regional financial dev’t
Group Managing Director of Processing-Africa and Co-Head of Group Processing at Network International, Dr. Reda Helal, has said that the domestic payments and settlements sector is far from being over-saturated despite rapid evolution and competition in the market.
Speaking in an...
For the country to become the much-touted mining hub of Africa, there must be a review of certain fiscal provisions with the potential to impede growth of the industry, extractive industry experts have advocated.
While the current regime remains relatively competitive, Senior Economic Analyst at the Natural Resource Governance Institute...
Investments into environmentally-friendly business models are becoming a haven in the country, Managing Director of Fanmilk PLC, Ziobeieton Yeo, has said.
He said business ideas that put the environment first are not only sure to create a win-win situation but are increasingly becoming more appealing to investors and lenders, both...
The successful implementation of the Domestic Debt Exchange Programme (DDEP) will close the country’s financing gap and enable the government to meet the debt sustainability target of 55percent of debt-to-GDP in present value terms by 2028, Finance Minister, Ken Ofori-Atta, said.
According to him, the government’s debt exchange programme, which...
Finance Minister, Ken Ofori-Atta, has reechoed the government’s commitment to protect and support banks operating in the country to aid the economic recovery effort.
“We are determined to protect banks operating in Ghana and strengthen their capacity to finance the economic recovery and growth we see before us,” the minister...
Ghana has officially asked its bilateral creditors for a Debt Treatment initiative under the G-20 Common framework, Finance Minister, Ken Ofori-Atta, said Thursday.
Addressing parliament on the development, he said the country has consequently co-hosted a meeting with the Paris Club including both Paris Club and Non-Paris Club creditors on...
Finance Minister, Ken Ofori-Atta, has asked Parliament to prioritise the approval of the government’s outstanding revenue bills to ensure a smooth budget implementation of the 2023 budget.
Addressing the House on Thursday on the government’s Domestic Debt Exchange Programme, he said prioritising the approval of the outstanding revenue bills would...