Tag: Debt
December Money, January Tears? How Ghana’s Festive Spending Boom Is Quietly Fueling a New Year Debt Crisis
Ghana’s festive spending boom is driving short-term economic activity but fueling rising…
COCOBOD Pledges Sustained Support for Farmers Amid GH¢33bn Debt Challenge
COCOBOD CEO Dr Ransford Abbey has assured cocoa farmers of continued engagement…
IMF Approves Fifth Review of Ghana Programme, Releases US$380 million
The IMF has approved the fifth review of Ghana’s ECF programme, unlocking…
Utility Providers Need $320 Million to Cut System Losses – PURC
PURC says utility providers need US$320 million in new investment to cut…
TOR Faces $517 Million Debt Burden, Says Managing Director
TOR’s Managing Director says the refinery now owes US$517 million, citing unpaid…
VRA Records GH¢106m Loss Amid Forex Volatility and Domestic Demand Pressures
The Volta River Authority (VRA) recorded a GH¢106 million loss in 2024,…
Ethiopia Slashes Foreign Debt by 80% in Six Years as Economy Booms Without Loans – Prime Minister Says
Ethiopia has cut foreign debt by 80% to $4.5 billion through reforms…
TDC Intensifies Debt Recovery Drive to Boost Local Revenue and Economic Efficiency
TDC Ghana intensifies debt recovery from defaulting companies and institutions in Tema…
Loss of International Capital Market Access in 2021 Triggered Ghana’s Debt Crisis-Prof Bokpin
Ghana’s 2022 economic crisis stemmed from domestic fiscal mismanagement and weak debt…
Ghana, UK Sign $256m Debt Restructuring Deal to Unlock Key Infrastructure Projects
Ghana and the UK have signed a US$256m debt restructuring agreement, unlocking…
IMF Mission Expected in Ghana for Fifth Programme Review
The IMF will visit Ghana in September 2025 for the fifth $3…
Ghana Excluded from U.S. Development Funding for 2026 Over Debt Default
Ghana is ineligible for U.S. Millennium Challenge Corporation FY 2026 funding due…