Investors Demand Insurance Payment On Ghana’s Eurobond After Default
A panel of investors and banks has ruled Ghana’s missed coupon payments on its foreign denominated bonds counts as a failure-to-pay event, paving the way for a payout of the….
Tag: Ghana
Vessel Carrying Russian Crude Oil To Ghana Loaded From Kazakhstan Port
Official documents seen by JOY NEWS show that the vessel alleged to have shipped 600,000 barrels of Russian crude oil to Ghana had its port of loading in Kazakhstan. Bloomberg….
Our Meetings With Chinese Delegation Progressing Well, Fruitful – Finance Ministry
The Ministry of Finance has said that the government’s meetings with the Chinese delegation from EXIM Bank China are progressing well. In a statement on its website, it said discussions….
Economy To Rebound To 5% Bracket From 2024 – S&P
Ghana’s economy is expected to rebound to the 5% bracket from 2024. According to ratings agency, S&P, the economy will expand by 5.1% in 2024 and further to 5.4% and….
We Could Raise Ghana’s Rating If There Is More Pronounced Economic Recovery – S&P
Rating agency, S&P Global has indicated to raise Ghana’s long-term local currency over the next 12 months following a track record of successful execution under the Ghana’s Extended Credit Facility….
Fitch Downgrades Ghana Again To ‘Restricted Default’ After Failing To Pay $40.6m Coupon
Ratings agency, Fitch, has downgraded Ghana’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘RD’ (Restricted Default) from ‘C’ after the country missed the grace period to make a coupon….
Fitch Downgrades Ghana’s Creditworthiness To Deeper Junk Status; Assigns ‘Restricted Default’ To Government Bonds
International ratings agency, Fitch Ratings, has downgraded Ghana’s creditworthiness to further junk status. In its latest report on Ghana, it said “Fitch Ratings downgraded Ghana’s Long-Term Local Currency (LC) Issuer Default….
Ghana Risks Investor Revolt; South African’s Foreign Minister Kicks Against ‘Back Tax’
Ghana risks investor revolt as it seeks to raise more money from ‘back tax’ penalties. This is coming after South African Foreign Minister, Naledi Pandor, according to Bloomberg, warned that….
Fiscal Policy To Remain Constrained In Ghana Due To Elevated Funding Costs – Rand Merchant Bank
Rand Merchant Bank is warning of constrained fiscal policy in African countries such as Ghana and Zambia due to elevated costs of funding. The two countries are presently undertaking debt….
Ghana To Securitise $3.3bn In Central Bank Loans
Ghana plans to convert an estimated ¢40 billion ($3.3 billion) of loans owed to its central bank into bonds, making it the single biggest holder of domestic government securities and….