Debt Restructuring: Ghana’s Top Banks Record First Massive Loss
Ghana’s move to restructure its local-currency and overseas debt has resulted in the first loss on record for two of the West African nation’s top banks. GCB Bank Plc, the….
Tag: debt restructuring
Organised Labour Meets On Govt’s New Debt Restructuring Proposal
Organised Labour will today, Thursday, April 20, meet to consider the Ministry of Finance’s proposed Alternative Offer for Pension Funds. The Ministry is said to have written to the Board….
Cedi Gains Ground On Debt Restructuring Talks Progressing
The cedi has continued to gain ground in the foreign exchange market, thanks to progress made in negotiations with bilateral creditors. Available data show that the domestic cedi rallied against….
Cedi To Remain Stable In Near Term – Economic Analyst
Economic Analyst, Kweku Arkoh-Koomson, is projecting a stable cedi in the near term following the successful completion of the external debt restructuring. The Ghana cedi gained 3.11% to the US….
Debt Restructuring To Weigh Considerably On Banks In 2023 – Fitch Solutions
International research firm, Fitch Solutions has indicated the domestic debt restructuring exercise will considerably weigh on banks operating in Ghana during the 2023 fiscal year. According to the firm, the….
Ofori-Atta Leaves For China For Debt Restructuring Negotiations
Finance Minister, Ken Ofori Atta, has left Accra for China to have negotiations on debt restructuring with officials of that country. Sources say the Finance Minister left over the weekend….
We Will Address Arrears As Part Of External Debt Restructuring – Government To Ipps
Government has assured the 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….
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….
Encourage China to support our debt restructuring efforts – Akufo-Addo to Germany
President Nana Akufo-Addo on Friday urged Germany to “encourage” China, an ad hoc member of the Paris Club, to support Ghana’s debt restructuring efforts. He said it is critical that….
Financial Crisis Has Affected My GH¢106k Investment – Agyinasare
It is now dawning on many, the harsh nature of the current crisis. The phenomenon appears to be no respecter of persons as a spiritual leader in Ghana has shared….