Ghana has announced an agreement in principle with two bondholder groups to restructure approximately $13bn of its international debt. This deal, which includes up to a 37 percent reduction in debt, marks a significant step towards completing a long-awaited debt…
GHANA has reached a preliminary agreement with its bondholders to restructure $13bn in international debt, according to three sources who spoke to Reuters. This follows a recently finalised deal with official creditors. Key agreement details: Bondholders will face a principal haircut…
DESPITE global challenges such as geopolitical tensions, economic concerns, and virtual mobility trends, many workers still dream of moving abroad for work. A new report reveals that 23 percent of global professionals, 64 percent of Nigerian professionals, and 74 percent…
IN February 2023, a market trader in Accra, Ghana, tragically succumbed to severe bleeding caused by Lassa fever, a deadly disease spread by rats. Shortly after, her healthcare provider also fell ill. Public health officials quickly identified the cause, prompting…
Ghana is expected to endure at least three more weeks of power cuts due to a shortage of gas supplies from Nigeria. The state power firm announced that maintenance work at an unnamed Nigerian gas supplier is the cause of…
GHANA will recommence negotiations with its bondholders next week to finalise a debt restructuring deal on $13bn of international bonds, following an agreement with official creditors earlier this week, according to four sources who spoke with Reuters. In 2022, Ghana, a…
GHANA has finalized a pact with its official creditor committee to formalize a debt restructuring deal agreed in January, smoothing the path towards further funding from the International Monetary Fund (IMF), its finance ministry announced on Wednesday. This agreement sets…
GHANA, the world’s second-largest cocoa producer, is set to delay the delivery of up to 350,000 tons of cocoa beans to the next season due to poor crops, according to five sources who spoke to Reuters. This decision further exacerbates the…
GHANA’S cocoa regulator, COCOBOD, will borrow up to $1.5bn by September to finance the 2024/25 cocoa purchases and compensate for low output, according to two COCOBOD sources. The world’s second-largest cocoa producer, after Cote d’Ivoire, relies on an annual syndicated…
GHANA’S parliament reconvened on Friday after being adjourned since March due to a dispute between the speaker and the president over an anti-LGBT bill. The session saw the approval of ministerial appointees and a $150 million loan agreement with the…
