Suspension of payment of foreign debt to benefit cedi’s rebound Ghana has suspended debt service payments on certain categories of external debt pending an orderly restructuring of the affected obligations. This is expected to boost the appreciation of the cedi. It includes Eurobonds, commercial loans and most bilateral debt. Interim…
Ghana has suspended the servicing of most of its external debts amid a worsening economic crisis, said the Ministry of Finance on Monday. "This suspension will include the payments on Eurobonds, commercial term loans, and most of the bilateral debts," said a press release by the ministry. According to the…
The Government has announced the suspension of all debt service payments for some of its external debt, including the payments on Eurobonds, commercial term loans, and most bilateral debts. The exercise forms part of the Government's effort to restructure its debt for the Management and Executive Board's approval for a $3billion…
By Let Truth Be Told Alliance (L.T.B.T.A.) The cedi performance has improved from 17.50gh to a dollar to 12.50gh, an improvement from the worst performing currency to the best performing currency in Africa for the second week of December. Ken Ofori Atta is gradually exonerating himself and it is therefore…
Mr Isaac Adongo, Deputy Ranking Member of the Finance Committee of Parliament, Thursday, called on Mr Ken Ofori-Atta, Minister for Finance, to resign. Contributing to the debate on the report of the Ad-Hoc Committee of Parliament set up by Mr Alban Bagbin, the Speaker of Parliament, to probe the Minority…