The President, Nana Addo Dankwa Akufo-Addo, has reiterated that the banking sector cleanup initiated by his administration in 2017 was a critical and necessary decision to safeguard Ghana’s financial stability, rather than an act of personal vendetta. Speaking during his final State of the Nation Address (SONA) to Parliament onContinue Reading
President Mahama can start on a very good note by reducing prices of fuel. The price of crude oil globally ended the Year 2024 in the low $70s per barrel. At this price, the government should seize the opportunity to reduce the prices of fuel and reset the economy. TheContinue Reading
The Chairman of the Finance Committee, Patrick Boamah, has disclosed that an amount of GHC20 billion has been earmarked in the 2025 Mini-Budget for interest payments, including obligations to Independent Power Producers (IPPs) and the Energy Sector Levy Account (ESLA). “The Committee noted that projections in respect of interest paymentsContinue Reading
President Nana Addo Dankwa Akufo-Addo has challenged the incoming Mahama administration to achieve the debt-to-GDP ratio of 55% by the end of its tenure. According to the outgoing President, achieving this target would demonstrate Ghana’s commitment to fiscal responsibility and provide a solid foundation for economic growth. Ghana is workingContinue Reading
President Nana Addo Dankwa Akufo-Addo has emphasised the importance of maintaining Ghana’s financial commitments. He advised the incoming finance minister to ensure that the country never defaults on its debt repayments. He said this when he announced that the government will pay Eurobond holders $346 million today during his finalContinue Reading
President Nana Addo Dankwa Akufo-Addo has announced that the government will pay $346 million to Eurobond holders, effective January 3, 2025. In his statement, the President emphasized the government’s commitment to honoring its financial obligations and avoiding any defaults on debt repayments. He stressed the significance of maintaining the country’sContinue Reading
The Bank of Ghana Governor, Dr. Ernest Addison, has maintained that the Ghana cedi’s stability in 2025 will largely depend on the economy and some monetary policy measures under implementation by the Central Bank. “The Domestic Gold Purchase Programme has been one of the major factors that has contributed toContinue Reading
Local miners are currently participating in the salt harvest at Ghana’s Songor Lagoon, marking a significant milestone in their third season of harvesting since Electrochem Ghana Limited took over the concession. Communities within the Ada township, including Nakomkope, Bonikope, Ajumanikope, and Agbedrafor, commenced harvesting in late December 2024 using communityContinue Reading
Governor of the Bank of Ghana (BoG), Dr. Ernest Yedu Addison, has highlighted the need for legislative reforms to address the longstanding issue of government borrowing from the central bank. In an interview on Joy News on January 2, he called for changes to the Bank of Ghana Act that would requireContinue Reading
Governor of the Bank of Ghana (BoG), Dr Ernest Yedu Addison, has firmly dismissed claims linking the central bank’s independence to the government’s debt exchange programme. Speaking on Joy News on January 2, he clarified that the debt exchange program was a direct response to a severe national crisis and hadContinue Reading