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Increasing inflation and interest rates continued to impact on the Ghana Stock Exchange’s fixed income market (GFIM) as yields continued to rise during November 2022. According to the November 2022 market report by the GSE, the month of…

S&P Global downgraded Ghana’s long-term local currency bonds to “selective default” and cut the country’s foreign currency debt to “CC” from “CCC-plus,” with default a “virtual certainty,” the ratings agency said in a Tuesday statement.…

Auditing and accounting firm, Deloitte Ghana says the government’s decision to reduce the benchmark discount policy from 50% (30% for vehicles) to 30% (10% for vehicles) in 2022 may have contributed to the rising inflation in the country.…

Deputy Finance Minister Dr John Kumah has entreated bondholders to comply with the government’s debt exchange programme to avoid losing their funds. Dr. Kumah stated that institutional bondholders who reject the programme would have…

Ghana is in talks with Emirates National Oil Co. for a barter arrangement that will enable the West African nation to buy fuel with gold. The government reached a “tentative” agreement with the Dubai-based oil firm, said Kabiru Mahama,…

A Deputy Finance Minister, Abena Osei Asare, has disclosed that Ghana needs the Debt Exchange Programme to proceed to the next stage of negotiations with the International Monetary Fund (IMF) to revive Ghana's economy. According to the…

Achraf Hakimi made himself a hero with a chipped winning penalty as Morocco stunned Spain in a shootout after a goalless draw to reach the World Cup quarter-finals. The two teams played out a draw after 120 minutes and Spain failed to…

The Health Minister, Mr Kwaku Agyemang Manu, has disclosed that discussions are underway to send trained Ghanaian nurses to the United Kingdom (UK) to work. According to him, there is an ongoing bilateral contract with the British…

The Ghana cedi is likely to strengthen against the US dollar and other major foreign currencies amidst clarity on Ghana’s debt sustainability outlook, many analysts have projected. Government on December 5, 2022, clearly defined the…

The Chamber of Corporate Trustees has rejected the debt exchange programme proposed by the Ministry of Finance. According to the chamber, the proposal put forth by the Minister of Finance, Ken Ofori-Atta, is inferior to market…