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Ghana

Ghana
Population: 32.83m
GDP: $77.59bn
Debt: 87.8% of GDP (2023 forecast)

news from Ghana

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Found 290 articles.

Displaying 31-40 out of 290 results.

Ructions over debt deal hold up IMF bailout

Political fights over where the cuts should fall are testing finance minister Ofori-Atta's staying power and may prolong the crisis

The speed at which the IMF and finance minister Ken Ofori-Atta's treasury team agreed a provisional deal for a US$3 billion bailout in mid-December after intensive talks and number...

Economic woes hit Akufo-Addo on all sides

Ruling party MPs call for the head of the finance minister, as critics blame corruption for the plunging cedi and rising prices

Under growing pressure from within and outside his New Patriotic Party (NPP), President Nana Addo Dankwa Akufo-Addo is trying to mollify critics of the government's economic strate...

Banking on the Fund

Worries over the repercussions of a wide-ranging debt restructuring are slowing the government’s negotiations for a $3 billion credit from the IMF

The markets have turned against President Nana Akufo-Addo's New Patriotic Party (NPP) government, pushing up bond yields and eroding the value of the cedi against the dollar by 45%...

Penalise the plunder, say protestors

Civil society groups are up in arms about the Auditor-General's refusal to use his powers to recover $1.7bn in misappropriated public funds

A coalition of civil society groups is protesting the unwillingness of the Auditor-General, Johnson Asiedu, to act on his latest annual audit of government expenditure, published l...

Monumental disputes

Plans for a National Cathedral and to revamp a monument to independence leader Kwame Nkrumah are becoming a political battleground

President Nana Addo Dankwa Akufo-Addo described the project to build a National Cathedral in Accra as 'an opportunity to redeem a pledge I made to [God] before I became President',...

Akufo-Addo faces the costs of an IMF deal

The government's U-turn on a bailout boosts the opposition in the short term but raises bigger questions about the economy's structure

On 13 July, after six days of talks with the government, the International Monetary Fund referred to Ghana's 'challenging economic and social situation' – code for the multip...

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Ofori-Atta's team plans more cuts

Accra's return to the IMF has been praised by the ratings agencies and could trigger cheaper loans – but at the cost of wide-ranging budget reviews

The latest official budget data, for the first quarter, suggests Ghana was already overshooting this year's budget deficit targets before a second quarter when the full impact of R...

Displaying 31-40 out of 290 results.

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