Economy
Finance Ministry affirms progress in debt restructuring talks with creditors
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 an interim deal, which […]
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Columnist
The public debt crisis (1): Lessons for the present and the future
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 while, at the same […]
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Economy
Gov’t advancing debt restructuring efforts – Fin. Minister
By Joshua Worlasi AMLANU In a comprehensive update on Ghana’s debt restructuring programme, Finance Minister Dr. Mohammed Amin Adam has highlighted the government’s ongoing efforts to restore fiscal sustainability and foster economic recovery. Speaking at a press briefing, the Minister emphasised the significance of upcoming discussions with bondholder representatives to advance restructuring engagements. “In the […]
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International
Congo reinstates the death penalty after more than 20 years
Congo has lifted a more than two-decade-old moratorium on the death penalty as authorities struggle to curb violence and militant attacks in the country, according to a justice ministry statement released on Friday. The statement, dated earlier this week, said the ban from 2003 allowed offenders accused of treason and espionage to get away without […]
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News
NPP mourns John Kumah, directs party flags to fly at half-mast
The New Patriotic Party is mourning the tragic demise of the late Deputy Minister for Finance and MP for Ejisu, Dr. John Ampontuah Kumah. Dr. Kumah died on Thursday, March 7, 2024, after a brief illness as disclosed by a close family source. The NPP in a statement signed by the party’s General Secretary, Justin […]
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Business
Over GH¢300m judgement debt paid between 2017 and 2022
The government paid a total of GH¢300,385,317.52 as judgement debt between 2017 and 2022. The Ministry of Finance made this known in an updated information on judgement debt payment dated August 2023. The Ministry revealed that the payments were made to over 60 individuals and organisations. For instance, in 2017, Albert Osei was paid GH¢279,412.83; […]
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Featured
Police probe death of Ejura govt hospital worker
The police at Ejura in the Ashanti region have commenced investigations into the death of a 56-year-old worker at the Ejura government hospital whose body was found hanging on a mango tree on Sunday, February 25, 2024. The deceased, identified as Sarfo Boakye, was a father of 3 from a royal family in Ejura. Speaking […]
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International
Putin critic Alexei Navalny, 47, dies in Arctic Circle jail
Russia’s most significant opposition leader for the past decade, Alexei Navalny, has died in an Arctic Circle jail, the prison service said. Seen as President Vladimir Putin’s most vociferous critic, Navalny was serving a 19-year jail term on charges widely considered politically motivated. He was moved to one of Russia’s toughest penal colonies late last […]
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An effective Boy with his Like Weapon (Extra Tune) 15
An effective Boy with his Like Weapon (Extra Tune) 15 Year: 1999 High quality: mp3, 160 kbps Dimensions: MB ==================== 01. Struck Server 02. Encyclopedia Brownish 03. Ripoff Especial 04. Viva The usa 05. A night out together With Fate 07. New Dreaded Ocean Lice Keeps Com 08. An excellent Place to Check out… 09. […]
Business
Energy sector – seeking right equations for coming decade
The time was 6.30pm on Thursday January 25, 2024. Gathered in the Crystal Palace Suite at the London Hilton Hotel on Park Lane were a collection of key United Kingdom (UK) corporate leaders with roots in Ghana – including High Commissioner to the UK and Ireland, Papa Owusu-Ankomah, and Tullow Plc Chief Executive, Rahul Dhir. […]
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Banking & Finance
Banks remain resilient – BoG
Recapitalisation efforts on track, profitability rebounds Stability Fund offers additional support Bank of Ghana Governor Dr. Ernest Addison has stated that recapitalisation of banks following the Domestic Debt Exchange Programme (DDEP) should continue without any significant hitches, on account of their performance in 2023, as well as the Ghana Financial Stability Fund (GFSF). Speaking during […]
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Entertainment
Mercy Asiedu Debunks Death Rumors
Mercy Asiedu Renowned Kumawood actress, Mercy Asiedu, has taken to social media to dispel rumors of her demise, refuting reports circulating on Amazing TV that falsely claimed her passing. In
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Banking & Finance
World Bank Group welcomes Debt Restructuring agreement
The World Bank Group yesterday, in principle, welcomed the agreement on key parameters of the proposed debt restructuring for Ghana reached by the Official Creditors’ Committee under the G20 Common Framework. This agreement, which is consistent with the Joint WB-IMF Debt Sustainability Framework, represents a critical milestone toward restoring debt sustainability in the country. “This […]
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Economy
Momentum builds on external debt restructuring efforts
The government is urgently seeking to build on the momentum of its debt restructuring efforts, following the recent agreement with official creditors to restructure debts extended to the country up until December 2022. Having overcome this hurdle, Reuters reports that government officials will re-engage with its international bondholders from next week, seeking to continue discussions […]
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Health
Bimbilla Hospital celebrates milestone of zero maternal deaths in 2023
The Bimbilla Hospital in the Nanumba North municipality of the Northern region is celebrating a significant milestone: an entire year of zero maternal deaths in 2023. During 2023, the hospital successfully facilitated over 1,800 births without any maternal deaths, marking a historic achievement in 14 years. The Bimbilla Hospital has earned recognition as the best […]
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Business
IMF bailout: Govt reaches agreement with Official Creditors on debt treatment
The government has announced that it has reached an agreement with its Official Creditors in restoring debt sustainability in line with the International Monetary Fund (IMF) programme targets. The government is seeking to secure the 2nd tranche of the IMF bailout after securing the 1st tranche in 2023. The government embarked on a Domestic Debt […]
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Feeling Escortservice Frankfurt – Brand new Gentleman’s Playground
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Sports
Game Suspended Over Fan Death
The LaLiga fixture between Granada and Athletic Bilbao was suspended on Sunday after the death of a fan inside the stadium. The game had kicked off as planned but
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