Ghana lured investors to its power industry to end chronic electricity shortages with deals it can no longer afford. The deals’ terms require the government to pay for electricity generated even if there’s no […]
African countries may get debt relief from China more easily than private creditors amid a global push to blunt the economic impact of the coronavirus pandemic on poor nations, a Johns Hopkins University study shows. […]
China must do more to help ease the debt burden of African countries facing economic calamity due to the coronavirus pandemic, Ghana’s finance minister has said. Africa accounts for just a fraction of global cases […]
Joint Statement World Bank Group and IMF Call to Action on Debt of IDA Countries Washington, DC – The World Bank Group and International Monetary Fund have issued the following joint statement to the G20 concerning […]
It has emerged that the National Health Insurance Authority (NHIA) is indebted to mission hospitals across the country to the tune of GH¢87 million. A news item published in the Catholic Standard, the official newspaper […]
The World Bank has committed US$46 million to support the provision of safe drinking water and sanitation facilities to about 600,000 people across six regions of the country. The “Sustainable Rural Water and Sanitation project” is being […]
Whether the officials and government authorities accept it or not, Chinese dealings in Africa are being viewed in a highly skeptical way. The truth is, the menace of falling into Chinese debt-trap is very real, […]
Kenya’s external loan repayment would take up half of the current dollar reserves held by the Central Bank, new data from the World Bank shows. Normally, depleted dollar reserves leads to a country failing to […]
Kenya is at risk of defaulting on its external loans, with the World Bank comparing it with countries that are highly indebted. In its latest statistics on external debt, 2019, the global lender has noted […]
It is estimated that Ghana loses up to $25 million annually via unfinished projects. This amount is equivalent to 667 additional three-unit classroom blocks per year which would accommodate an estimated 70,000 students, a study […]
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