Tag: Debt
Woyome Proposes Independent Managers Of Ghana’s Debt
Kobena Mensah Woyome, who serves as the Member of Parliament for South Tongu, is suggesting the separation of the debt management function from the Ministry of Finance in order to avoid accumulating debts. Instead, he is advocating for the appointment of autonomous managers to oversee Ghana’s debt. According to him, it appears that the government …
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We Will Address Arrears As Part Of External Debt Restructuring – Government To IPPs
Government has assured Independent Power Producers (IPPs) that it is taking the necessary steps to address the energy sector arrears as part of its external debt restructuring. This is to forestall the build-up of future arrears and improve on efficiency within the sector. In a letter to the IPPs signed by the Finance Minister, Ken …
We Will Address Arrears As Part Of External Debt Restructuring – Government To IPPsRead More
Ken Ofori-Atta To Present Details Of Debt Exchange To Parliament
Finance Minister is expected to furnish Parliament with details of the ongoing debt restructuring. This was after the Minority succeeded with a Private Members’ Motion for Ken Ofori-Atta to present the House with details. The motion was moved by the Minority Leader, Cassiel Ato Forson, Minority Chief Whip, Governs Kwame Agboadza, Bawku Central MP, Mahama …
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FirstRand Writes-off 57% Of Ghana Bonds Value Amid Debt Restructuring
FirstRand Limited, Africa’s biggest bank by market capitalization, has written off more than half the value of its holdings of Ghanaian bonds as the country grapples with a restructuring of its sovereign debt. The South African lender disclosed in a statement on Thursday, March 2, 2023. The bank said it had impaired $27.3 million to …
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