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The Expected $750M Afreximbank Loan Lands In Gov t Accounts

The expected $750 million loan from the African Export-Import Bank (Afreximbank), has hit the accounts of the Ghana government. The Ghanaian government is expecting a total of $2 billion in loans from different sources including Afreximbank. It is part of efforts to stabilise the local currency, Ghana cedi, against the…

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The more we sink into debt and become poorer, the more money Ken Ofori-Atta makes — Felix Kwakye Ofosu

The more we sink into debt and become poorer, the more money Ken Ofori-Atta makes — Felix Kwakye Ofosu
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BoG To Receive $750M Afreximbank Cash This Week

The 750 million united states dollars financial facility secured by the Government of Ghana from the African Export-Import Bank (Afreximbank), is expected to hit the Ministry of Finance’s account at the Bank of Ghana this week. Parliament on 20th July 2022, approved the US$750 million loan agreement between Government and…

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Ghana s Credit Rating Downgraded From B- To CCC+

American credit rating agency, Standard and Poor's (S&P) Global Ratings on Friday, August 5, pushed Ghana's debt further into speculative territory, lowering its foreign and local currency sovereign ratings to CCC+/C from B-/B. According to a report by marketwatch.com, S&P said its outlook for the country remains negative, "reflecting Ghana's…

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AGI urges gov t to focus IMF negotiations on industry, agric

The Association of Ghana Industries has called on the government to focus its discussions with the International Monetary Fund (IMF) on the industrial and agricultural sectors to hasten the recovery of the economy on a more sustainable basis. Dr Humphrey Ayim-Darke, the President of AGI, who made the call, said…

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