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Ofori-Atta heads to China for crucial debt restructuring talks

Finance Minister Ken Ofori-Atta left Accra for China on Sunday (March 19), pro-government Asaase Radio has reported. Ofori-Atta’s trip to Beijing is hinged on efforts to secure a deal for restructuring of Ghana’s bilateral debts with the Asian economic powerhouse. Even though Ghana is seeking a US$3 billion facility from the International …

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Energy Ministry gets ‘dumsor’

The Electricity Company of Ghana paid the Ministry of Energy a visit last week Tuesday, plunging the whole facility in darkness for almost half a day, only restoring power after the mother ministry of the Electricity Company of Ghana (ECG) paid their debt bill in full. This will be the …

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IMF deal won’t be closed by end of March – Ato Forson

Minority Leader, Dr. Cassiel Ato Forson says there’s a bleak possibility of closing a deal Ghana is seeking from the International Monetary Fund (IMF) by close of March, 2023. According to him, the processes that will lead to the consideration of the financial aid ahead of a possible approval is …

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Ghana’s debt level frustrating businesses, individuals – IEA

The Institute of Economic Affairs (IEA), a public policy think-tank, has described Ghana’s current debt, which is being restructured, as “disheartening and frustrating”, to businesses and individuals. As a result, the Institute has advised that the Government take action to swiftly conclude the debt restructuring process to secure the US$3 …

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