Tag Archives: Borrowing

Zimbabwe’s President Emmerson Mnangagwa has ordered the central bank to stop foreign currency borrowing, as the government battles to contain a plunge in the local currency ahead of a general election. Mnangagwa faces a tough bid for re-election in a 23 August vote amid surging inflation and a Zimdollar that …

The President of the 4th Republic, H.E  Nana Akufo-Addo says Ghana will soon return to the International Capital Market. Mr. Akufo-Addo said this will enable his government to get the needed funding to execute its mandate. According to him, the shutting of the capital market to the country has been …

The President of the republic, H.E Nana Akufo-Addo has defended his government’s expenditure since his assumption of office in 2017. According to the President, his government has been accountable with regard to how it spends monies borrowed. Delivering the State of the Nation Address on Wednesday, March 8, President Akufo-Addo …

In 2017, the new government based on campaign promises reduced or abolished 18 taxes that were bringing in revenue. It was dubbed the nuisance tax. This brought a massive reduction in government revenue. To make up for the revenue shortfall, the government adopted borrowing. This increased Ghana’s bond market activities …

The Majority Leader and also Ministry of Parliamentary Affairs,  Osei Kyei-Mensah-Bonsu, has stated that government borrowing is lower than the stock of borrowing between the period of 2009 and 2017 when the NDC was in government, asking Ghanaians not to allow any pretenders to deceive them. He said it is …

Deputy Finance Minister, John Kumah has hinted that government would not be seeking financial assistance from the international market to manage the economy this year. Speaking on JoyNews’ Newsfile, Mr. Kumah noted that government has put in place measures to cater for its expenditure without relying on the international market …

Government has given a firm assurance that it will not default in its debt obligations despite the rising level of same.   The Deputy Minister of Finance explained that funds are being invested in some productive sectors and projects that will help pay back these loans on time.   Dr …