The latest public debt figures released by the BoG show Ghana is owing a whopping GH¢575.7 billion as of November 2022, which means each citizen owes GH¢17,445.
The latest public debt figures released by the BoG show Ghana is owing a whopping GH¢575.7 billion as of November 2022, which means each citizen owes GH¢17,445.
Individual bondholders are lamenting the uncertainties that they will be plunged into if their investments are included in the Domestic Debt Exchange programme.
The increasing rate of Ghana's goods and services has jumped to a record 54.1 per cent. This is according to figures by the Ghana Statistical Service (GSS).
Databank has rolled out a schedule for the re-opening of all offices across the country starting from Tuesday, January 10. Other officers open at later dates.
Some banks and insurance firms are laying off their staff over fears of a challenging 2023 in the financial sector. The debt exchange programme has been blamed.
The Ranking Member of Parliament's Finance Committee, Dr Ato Forson has predicted mass layoffs, further cedi depreciation and other economic forecasts for 2023
The Economist Intelligence Unit (EIU) has predicted that the Ghanaian cedi will lose about 22% value to the United States dollar in 2023. Click to read more.
Bright Simons has identified some problems with the debt restructuring programme announced by government and also what finance ministry must to fix the flaws.
Dr Ato Forson is questioning the timing for the release of the information on the inclusion of individual bondholders in the domestic debt exchange programme.
The finance ministry has announced a further extension of the Domestic Debt Exchange expiration date. The expiration date has now been set for January 16, 2023.
Economy
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