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The Minister for Public Enterprises, Joseph Cudjoe, has said that for the first time in history, about 50 state-owned enterprises (SOEs) have been able to compile and present an audited report reliable enough to access their performance, a…

The global economy surpassed $100 trillion for the first time in 2022, but policymakers are trying to combat soaring prices ahead of 2023. The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a…

The African Export-Import Bank (Afreximbank) has signed a Memorandum of Understanding (MoU) with the Export-Import Bank of the United States (U.S. EXIM) to enhance trade between Africa and the United States of America. This development…

Economist and Finance Lecturer, Professor Godfred Bokpin has stated that banks operating in Ghana have rejected the original terms of the debt exchange programme. According to him, the banks have made counter-proposal to government that…

Ratings agency, Fitch, has warned that Ghanaian banks could face significant pressure on their capitalisation due to the restructuring of local-currency (LC) sovereign debt. According to the UK-based rating agency, it believes banks will…

Vice President of Imani Africa Mr Bright Simons has said the government is now realizing some of the complexities and challenges regarding the economy. This follows the further extension of the expiration date of the Domestic Debt…

Associate Professor of Finance at Andrews University in Michigan, USA, Professor Williams Peprah, says the new terms for the domestic debt exchange programme indicate government’s acceptance to use the International Monetary Fund (IMF)…

Government has extended the expiration date of its domestic debt exchange programme to January 16, 2023, the Finance Ministry announced. This is the second time the government is extending the expiration date of the programme…

Interest rates continued to fall on the treasury market as it went down marginally for the third week running. According to the latest auction of treasury bills, the yield on all three short-term instruments took a nose dive. The…

The Bank of Ghana has issued new guidelines for Anti-Money Laundering/Combating the Financing of Terrorism and the Proliferation of Weapons of Mass Destruction (AML/CFT&P). The guideline will assist the design of Bank of Ghana…