Ghana to adjust external bond deal to meet IMF debt sustainability goals – Finance Ministry
By: Franklin ASARE-DONKOH The Ministry of Finance says despite reaching an interim agreement with external bondholders, Ghana still needs to adjust the deal to meet the debt sustainability targets set by the International Monetary Fund (IMF). The Finance Ministry’s statement comes amid concerns from certain economic sectors that Ghana has not successfully reached an agreement […]
Ghana to lose $3.8B World Bank Financing following Anti-LGBTQ Bill
The Ministry of Finance has disclosed that Ghana is likely to lose 3.8 billion dollars in World Bank financing over the next five to six years if President Akufo-Addo signs the Anti-LGBTQ Bill into law. According to the Finance Ministry, for 2024 Ghana will lose 600 million dollars in Budget support and 250 million dollars […]
Ghana’s finance ministry urges president not to sign anti-LGBTQ+ bill
Ghana’s finance ministry has urged the president not to sign a controversial anti-LGBT bill passed by parliament last week. It warns the country could lose a total of $3.8bn (£3bn) in World Bank funding over the next five to six years. The bill prescribes three years in jail for identifying as LGBT+ and five years […]
New DDEP open for ESLA, Daakye bondholders -Finance Ministry
By: Franklin ASARE-DONKOH The government has opened fresh invitations to E.S.L.A. Plc and Daakye Trust Plc bondholders to trade their holdings for a new package under the Domestic Debt Exchange Programme (DDEP). The announcement, which was contained in a press release from the Ministry of Finance, also urged holders of domestic notes and bonds to […]
All coupons and principals due up to June 19 owed Individual Bondholders’paid – Finance Ministry
By: Franklin ASARE-DONKOH A statement issued by the Finance Ministry on Monday, July 10, 2023, says the government has settled all outstanding arrears owed to members of the Individual Bondholders’ Forum. The statement further explained that all coupons and principals due up to June 19, 2023, have been paid, and instructions for the payment of […]
Individual Bondholders to picket Finance Ministry next week following outstanding payments
By Seth Ayiah The Coalition of Individual Bondholders Groups has announced the commencement of picketing by the Ministry of Finance from Tuesday to demand payment of outstanding principals and coupons and immediate implementation of the agreement reached and captured in the Memorandum of Understanding on May 16, 2023. The MoU was signed between the Coalition […]
