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Ghana is planning to convert an estimated $3.3bn in loans owed to its central bank into bonds, according to sources familiar with the matter. This move would make the central bank the largest holder of domestic government securities,…

Players in the financial service sector have said the profitability of banks who sign on to the government’s Domestic Debt Exchange Programme (DDEP), will severely contract this year. According to them, the impact of the introduction of…

Ford Motor Co has yet to announce mass layoffs like the ones that have plagued the tech industry in recent months. The latest sign the Detroit automaker might reduce headcount in the near term is from the CEO himself, according to…

A strong rebound in China’s oil demand this year may lead to the OPEC+ group reconsidering its production targets and quotas, according to the International Energy Agency (IEA).  China’s reopening is putting upward pressure on global oil…

Despite a relatively underwhelming rebound in Chinese demand, oil prices were pushed higher at the start of this week by the embargo on Russian oil products and the earthquake in Turkey which took an oil terminal offline.…

Mining players have called for wider consultation on any revision to the prevailing fiscal policy regime that has a potential to affect the industry. While recognising that “fiscal issues sit with the Ministry of Finance”, Chief…

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 restructuring to bring their debt levels to…

The total turnover of the bond market fell once again by 27.8% to ¢689 million at the end of trading last week. According to market data, the slowdown in market activity was due to the ongoing Domestic Debt Exchange Programme, as…

The African Continental Free Trade Area (AfCFTA) which unites the 55 members of the African Union (AU) and eight Regional Economic Communities (RECs), is the largest free trade area in the world. It has an overarching goal of establishing a…

With the deadly COVID-19 pandemic bringing to the fore the paramount significance of digitalisation, the 2nd General Assembly of the Digital Cooperation Organisation (DCO) has called for heightened collaboration between member countries to…