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Ghana to hold rates at 30.00% on Sept.25 as inflation falls – Reuters poll
By Vuyani Ndaba JOHANNESBURG (Reuters) – The Bank of Ghana is expected to complete its hiking cycle later on Monday as its economy shows signs of falling inflation after 1,650 basis points…
IMF: Ghana intends to agree debt rework MoU with official creditors before November
JOHANNESBURG (Reuters) – Ghanaian authorities aim to agree a memorandum of understanding with official creditors before the first IMF programme review, which they expect to bring to the Fund’s board in November…
Ghana to ensure payments of coupons, principals of old bonds resume on March 13
ACCRA (Reuters) – Ghana’s finance ministry said on Monday it was taking steps to ensure payments of coupons and principals of old bonds resume on March 13 following the conclusion of a…
Morgan Stanley lifts Ghana Eurobond ‘recovery’ value to $46 from $41
JOHANNESBURG (Reuters) -Investment bank Morgan Stanley has lifted the average “recovery value” for Ghana’s defaulted dollar-denominated government bonds to $46 from a previous forecast of $41 following the country’s deal to restructure…
Ghana talks with external bondholders due in a few weeks
By Christian Akorlie ACCRA (Reuters) – Substantive discussions with Ghana’s external bondholders are due to start in the next few weeks, the country’s Finance Minister Ken Ofori-Atta told parliament on Thursday. Embattled…
China must join Ghana debt restructuring effort soon, Germany’s Lindner says
By Christian Akorlie and Cooper Inveen ACCRA (Reuters) – Germany’s finance minister singled out China during a visit to Ghana on Friday, as he called on countries that have lent to the…
Ghana extends domestic debt exchange deadline for third time
ACCRA (Reuters) – Ghana has again extended the deadline to register for its domestic debt exchange, this time to Jan. 31, Finance Minister Ken Ofori-Atta said on Monday. The crisis-hit nation launched…
Ghana says debt exchange talks with local pension funds continuing
ACCRA (Reuters) – Ghana’s finance ministry on Wednesday said negotiations on the terms of a domestic debt exchange agreement with local pension funds were continuing and that they would be made public…
Ghana again extends domestic debt exchange registration deadline
By Cooper Inveen ACCRA (Reuters) – Ghana has further extended the deadline to register for its domestic debt exchange to Jan. 16 in order to “secure internal approvals” from the financial sector,…
Ghana extends domestic debt exchange registration deadline
By Cooper Inveen ACCRA (Reuters) -Ghana has extended the registration deadline for a domestic debt exchange programme to Dec. 30, as it considers making some adjustments while it seeks approval for an…
Ghana sets relief measures for banks participating in local debt exchange
By Cooper Inveen ACCRA (Reuters) – Ghana’s central bank has laid out relief measures for banks that participate in the government’s domestic debt exchange in a bid to allay their worries over…
Ghana hoping for IMF agreement by next week: finance ministry official
By Cooper Inveen and Christian Akorlie ACCRA (Reuters) – Ghana’s economic recovery efforts could be delayed and complicated if a visiting team from the International Monetary Fund (IMF) leaves without a staff-level…
Ghana to swap domestic debt in fight to regain economic stability
By Christian Akorlie and Cooper Inveen ACCRA (Reuters) – Ghana will launch a domestic debt exchange on Monday, its Finance Minister Ken Ofori-Atta said, expressing confidence that the move would help restore…
Ghana bondholders dismayed by debt confusion
By Rachel Savage and Marc Jones JOHANNESBURG/LONDON (Reuters) – Some of Ghana’s international creditors voiced dismay on Friday after 24 hours of conflicting signals from the country’s authorities left a full-blown debt…
Ghana plans to buy oil with gold instead of U.S. dollars
ACCRA (Reuters) -Ghana’s government is working on a new policy to buy oil products with gold rather than U.S. dollar reserves, Vice-President Mahamudu Bawumia said on Facebook on Thursday. The move is…
Ghana at high risk of debt distress, finance minister says
By Christian Akorlie and Cooper Inveen ACCRA (Reuters) – Ghana will freeze the hiring of public and civil servants and extend a moratorium on government car purchases and non-essential travel in order…
Ghana picks Lazard, GSA, Hogan Lovells as advisers for debt talks -sources
By Jorgelina do Rosario and Karin Strohecker LONDON (Reuters) – Ghana picked financial advisers Lazard and Global Sovereign Advisory (GSA) as it prepares for a rework of its overseas and domestic debt,…
Ghana president sacks junior finance minister over alleged impropriety
ACCRA (Reuters) -Ghana’s President Nana Akufo-Addo has sacked Charles Adu Boahen, the minister of state for finance, the presidency said on Monday after allegations of impropriety were circulated by a well-known Ghanaian…
Ghana creditors close to formalizing a group for debt talks -sources
By Jorgelina do Rosario and Karin Strohecker LONDON (Reuters) – Some holders of Ghana’s international bonds are close to formalizing a creditor group, two sources with direct knowledge of the matter told…
Ghana negotiations with IMF to be fast-tracked : finance minister
By Cooper Inveen ACCRA (Reuters) – Ghana’s negotiations with the International Monetary Fund over a rescue package will be fast-tracked, the country’s Finance Minister Ken Ofori-Atta said on Wednesday. Ghana began talks…
Ghana, IMF in talks over rescue package
ACCRA (Reuters) – Ghana began talks with the International Monetary Fund on Monday for an IMF-supported lending programme, the government said in a statement, in a bid to reduce economic hardship that…
IMF team heads to Ghana on Monday to discuss loan programme request
(Reuters) – The International Monetary Fund confirmed on Sunday that a staff team will visit Ghana this week to continue discussions with the authorities on policies and reforms that could be supported…
WHO confirms two more Marburg virus cases in Ghana, says official
(Reuters) -The World Health Organization has confirmed two more cases of Marburg virus in Ghana, a senior WHO official said on Wednesday, two weeks after the country reported its first outbreak of…
Ghana inflation scales new peak at 29.8% in June
By Cooper Inveen and Christian Akorlie ACCRA – Consumer inflation in Ghana accelerated to 29.8% annually in June from 27.6% in May, official data showed on Wednesday, shattering another record while the…
Former Ohio resident extradited from Ghana pleads guilty to laundering proceeds of online romance scams
Columbus, Ohio – Samuel Antwi, a citizen of Ghana and former Columbus resident, pleaded guilty in U.S. District Court to crimes resulting from his involvement in laundering money obtained through online romance…
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