Tag: Ghana

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Ghana agrees restructuring deal with banks on some domestic debt

Ghana has reached an agreement with banks to restructure GHC15 billion (US$1.36 billion) of locally issued US dollar bonds and cocoa bills, three sources...

Ghana sends debt rework proposal to official creditors, say sources

Ghana has sent a debt restructuring proposal to its official creditors, two sources with direct knowledge of the matter said, as the West African...

Ghana unions request time to mull $2.7 billion pension fund restructuring offer

Ghanaian labour unions have asked the government for time to assess a proposal presented on Thursday to restructure pension funds worth around GHC30 billion...

IMF deal makes Ghana’s cedi one of May’s best currency

Ghana’s currency is poised for one of the strongest rallies globally after the country's US$3 billion pact with the International Monetary Fund (IMF) gave...

Ghana power producers reject government bid to restructure $1.58 billion debt

Ghana's independent power producers have rejected a government proposal to restructure $1.58 billion in arrears owed them by the state, the head of the...

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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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