Tag: Ghana

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Ghana growth slows to 2.9% in third quarter, lowest since Q1 2021

Ghana's economic growth slowed to 2.9% year-on-year in the third quarter this year compared with 6.6% in the same period last year, the statistics...

Ghana to default on most external debt as economic crisis worsens

Ghana on Monday suspended payments on most of its external debt, effectively defaulting as the country struggles to plug its cavernous balance of payments...

Ghana inflation hits 21-year high above 50% in November

Ghana's annual consumer inflation accelerated to a new 21-year high of 50.3% in November, up from 40.4% the previous month, driven by utilities, food...

Ghana expects $3 billion IMF loan approval early in 2023

The International Monetary Fund (IMF) is poised to lend Ghana $3 billion as the African nation grapples with its worst economic crisis in a...

Ghana to swap domestic debt in fight to regain economic stability

Ghana will launch a domestic debt exchange on Monday, its Finance Minister Ken Ofori-Atta said, expressing confidence that the move would help restore macroeconomic...

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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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