Tag Archives: Ghana

The first Prime Minister and President of Ghana, Dr. Francis Kwame Nkrumah delivered his review in a broadcast on the Eve of the Independence Anniversary March 5, 1958 A year ago today, the people of this country reached the end of their long struggle for Independence and won the fundamental …

International business news network, Bloomberg says about 600,000 tonnes of fuel from Russia have been shipped and stored in Ghanaian tanks. Following Russia’s invasion of Ukraine, the European Union and US barred fuel imports from the former Soviet leader. Bloomberg reports that its tanker tracking data show that “The last …

The German Ambassador to Ghana says Ghana’s talks with the International Monetary Fund (IMF) for a bailout is in danger. This, Daniel Krull attributes to China’s unwillingness to engage in possible debt relief. “The biggest elephant in the room is China. China is the largest creditor to Ghana and so …

The German government says it is willing to assist Ghana push through its proposal with its external creditors, especially China, but first, some conditions must be met. The reaction follows President Akufo-Addo’s call on German Finance Minister, Christian Lindner, to “encourage” China to accept Ghana’s proposal for debt relief with …

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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 …

  The Finance Minister, Ken Ofori Atta, has disclosed that talks are underway with China over Ghana’s debt following a successful domestic debt exchange programme.   Mr Ofori-Atta said negotiations with China are important because they hold the majority of the external bonds.       ELECTION 2024- PRE-POLL NOTE: …

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Just when one thought these two West African countries had nothing to fight over, ‘Fufu’ entered the chat. Prior to this, the friendly banter was usually over whose Jollof reigned supreme and still takes center stage in many inter-regional conversations. That is why it took many African football fans by …

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