Tag Ghana

Ghana Faces Shutdown Risk as Budget Delay Looms

GHANA’S parliament may fail to pass a provisional budget before the December 7 general election, risking an unprecedented government shutdown in 2024, according to experts and former officials. This would be the first time in over 30 years that the…

Ghana Secures $360m IMF Boost Amid Economic Reforms

THE IMF has approved the third review of Ghana’s $3bn lending programme, granting an immediate disbursement of nearly $360 million. The move is a boost for the West African nation as it navigates recovery from its 2022 debt default and gears up…

Key Issues for Investors in Ghana’s Pivotal Election

ON December 7, Ghana will head to the polls to elect a new president and parliament in what could be a pivotal moment for the nation’s economic trajectory. As President Nana Akufo-Addo steps down after two terms, the spotlight falls on the…

Cocoa Crisis in Ghana: Buyers Prepay $550 million

INTERNATIONAL cocoa buyers have made more than half a billion dollars in upfront payments to Ghana’s state-run marketing board, Cocobod, as part of efforts to secure supplies and avert further financial losses. This follows an abrupt overhaul of the country’s cocoa marketing…

Ghana’s Debt Woes Stall Recovery

TWO years after a severe economic crisis forced Ghana into default, the country is witnessing a return to economic growth. However, the aftermath of a groundbreaking local debt restructuring is casting a shadow over its long-term recovery prospects. The restructuring, which…

Ghana Blocks Offshore Pension Investments to Protect Cedi

GHANA has imposed restrictions on private pension fund managers looking to invest offshore, citing concerns about the impact on its weakening currency, the cedi. This clampdown has sparked debate within the financial sector, with industry leaders questioning the legality and…

Fake X Accounts Disrupt Ghana’s Election Campaign

AS Ghana approaches its crucial presidential election on December 7, a significant social media manipulation effort has come to light. Research by NewsGuard, a website that provides tools to evaluate the accuracy and trustworthiness of news sources, has uncovered a network…

Ghana Supreme Court Overturns Speaker’s Vacancy Ruling

Ghana Supreme Court has declared that Parliament Speaker Alban Bagbin’s decision to declare four parliamentary seats vacant was unconstitutional. The court ruled on Tuesday, with five of the seven judges agreeing that Bagbin had overstepped his authority in October when…

Ghana to Keep Deceased Candidate’s Name on Ballot

GHANA’S Electoral Commission has resumed printing presidential ballot papers for the upcoming December 7 elections, following a suspension triggered by the death of one of the candidates, Akua Donkor. The 72-year-old politician, who had been running on the Ghana Freedom…