Economy: Ghana’s rising debt
The details: Ghana’s foreign-currency debts are rising. The current IMF program, which began in 2015, projected external debt of 40% of GDP this year and total debt of 61%. The actual numbers look more like 46% […]
Economic Planning
Chinese investors are using “opaque” deals to control Ghana’s fishing industry
Chinese control is widespread in Ghana’s industrial fishing fleets despite national legislation prohibiting foreign ownership, a new study claims. Operating through “front” Ghanaian companies, over 90% of Ghana’s industrial trawl sector is now linked to Chinese firms, […]
Time to support local banks to aid transformation Agenda- President
President Nana Addo Dankwa Akufo-Addo on Thursday said government was taking steps to empower indigenous financial entities to be able to support and spur Ghana’s transformation agenda. He said it was not acceptable that foreign […]
Ghana to Buy Contracts to Protect It From High Oil Prices
By Moses Mozart Dzawu/Bloomberg Ghana will buy contracts to protect it from higher oil-product prices in the third quarter as the West African nation seeks to curb volatility in what consumers pay at the pump amid […]
Ghana eyes $50-bln oil hub price tag
Ghana needs to invest USD 50 billion in petroleum infrastructure to become an energy hub, Energy Minister Boakye Agyarko said Thursday. The country needs to build an oil refinery, tank farms, pipelines and marine facilities, […]
Ghana plans to fuel economy with non-commodities – Nana Akufo Addo
Newly discovered oil has contributed to Ghana being heralded as one of the fastest-growing economies in the world. However, as Timothy Conley reports, the country has reacted cautiously by implementing measures to protect itself against […]
Ghana Targets Interest Cost, Raising Revenue After Eurobond
After selling $2 billion of Eurobonds, Ghana will prioritize lowering its interest burden and raising revenue to make sure it can continue to service debt, said Finance Minister Ken Ofori-Atta. The nation sold the securities […]