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When the Ugandan and Tanzanian governments announced the East African Crude Oil Pipeline project, it elicited very different reactions. Some cheered the news that would add Uganda to the world's oil producer club and move its crude to…

The government has given an assurance that it will restrict itself to budgeted expenditure, despite 2024 being an election year. The Minister of Finance, Ken Ofori-Atta, who gave the assurance at a meeting in London on Monday, October…

The Minister of Finance, Ken Ofori-Atta, has indicated that the Domestic Debt Exchange Programme has been successfully completed, providing much-needed breathing space. This quells any speculation that the DDEP has not ended. Updating…

Finance Minister, Ken Ofori-Atta, has revealed that an agreement in principle with Eurobond holders is expected to be reached by the end of the year. “Discussions have been ongoing for some time with creditor groups and their…

The Ghana cedi is expected to weaken for the third week running against the US dollar. This follows rising foreign exchange demand from local corporates and importers ahead of the Christmas season. Last week, the Central Bank…

Experts have emphasised the need to support innovative and green businesses as part of efforts to ensure sustainability and environmental stewardship. Underlining the essence of entrepreneurship and a vibrant private sector in reviving…

Yuletide-induced and corporate demand for foreign exchange (FX) and limited support from the central bank will exert extra pressure on the cedi (GH¢). This is according to a recent note by Databank Research, which expects that ahead of…

The National Democratic Congress (NDC) has expressed its disappointment with President Akufo-Addo's speech when he visited the Volta Region to assess and commiserate with people affected by floods. The President's remarks during his…

Finance Minister, Ken Ofori-Atta, has stated that Eurobond holders may face a nominal haircut of between 30% and 40% as part of the restructuring of the external debt. According to him, coupons may also not exceed 5% with final…

The Governor of the Bank of Ghana, Dr Ernest Addison has asked the International Monetary Fund (IMF) to adapt its lending toolkits in line with the changing global conditions. He said given the fragmented global financial architecture,…