The 2024 Presidential Candidate of the New Patriotic Party (NPP), Dr. Mahamudu Bawumia, has attributed the party’s defeat in the 2024 general elections to several factors, including the arrogance of power, the high cost of living, the failure to reshuffle government officials, the introduction of the E-Levy, and the controversial …
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President John Mahama has directed the Ministry of Finance to settle outstanding Domestic Debt Exchange Programme (DDEP) coupons and build a financial buffer through the Sinking Fund. In line with this directive, the Ministry of Finance has on Monday, February 17, disbursed a Payment-In-Cash (PIC) coupon of GH₵6.081 billion to …
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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. A September 13, press release from the Ministry of Finance urged holders of the domestic notes and bonds to actively and voluntarily …
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Ratings agency, Fitch, has downgraded Ghana’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘RD’ (Restricted Default) from ‘C’ after the country missed the grace period to make a coupon payment ($40.6 million) on one of its Eurobonds. Fitch typically does not assign Outlooks to sovereigns with a rating of …
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