Tag: Ghana

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World Bank president expresses deep concern on Zambia debt restructuring

World Bank President David Malpass said on Tuesday he remained deeply concerned about the debt restructuring stalemate in Zambia and that the bank is...

Ghana finance minister travels to China for debt talks – source

Ghana's finance minister Ken Ofori-Atta will meet with Chinese officials in Beijing on Wednesday to discuss a proposed restructuring of Ghana's debt, according to...

Ghana and Zambia’s debt restructurings going in “diverging directions” – Citi

Debt restructuring programmes in Ghana and Zambia are going in "diverging directions" due to Zambia's larger exposure to Chinese lenders and its weaker ability...

Gold Fields, AngloGold rule out merger after Ghana joint-venture deal

Gold Fields and AngloGold Ashanti (ANGJ.J) are not considering a full-scale merger after they agreed to combine their neighbouring Tarkwa and Iduapriem mines in Ghana to...

Banks plan for US$427 million of losses as Ghana restructures debt

Ghana’s move to restructure its local-currency and overseas debt is weighing on banks from Africa to the United Kingdom. Four of Africa’s biggest lenders —...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

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