Default or No Default? Ghana: How to borrow (& even default) in style On 2 December 2022, Ghana announced to its domestic creditors that it intends to default on its debt. The creditors, mostly bondholders, were ... given a deadline of 19 December to turn in their current bonds and, in their place, be issued with a new series of four bonds of considerably lower value.
Lingering issues Ghana: Staff-level agreement with IMF gives government respite, but what’s next? The Akufo-Addo government is heaving a sigh of relief after reaching a staff-level agreement with the IMF for a $3bn credit facility and expects ... the news to bring back investors’ lost appetite for Ghana.
Learning Curve Ecobank cautious on Ghana strategy as it counts cost of proposed debt-swap Ghana’s proposed domestic debt restructuring leaves Ecobank, the country’s largest bank by assets, cautious over its corporate finance strategy ... in the country.
Big Data Goldman Sachs-backed fintech Jumo set to expand in Cameroon, Nigeria, Benin Banking as a service provider Jumo plans expansion into new African markets in the first half of 2023, CEO for Africa Buhle Goslar tells The ... Africa Report.
OPPOSITION IN THE OPPOSITION Ghana: Ex-President Mahama launches comeback as his allies reorganise opposition
OPPOSITION IN THE OPPOSITION Ghana: Ex-President Mahama launches comeback as his allies reorganise opposition
Systemic Risk Ghana: Central bank must act as lender of last resort to protect banking system Ghana’s central bank must act as a lender of last resort to the banking system as a domestic debt restructuring deprives financial institutions ... of income from government securities, economists say.
Coupons Clipped Ghana: Bondholders may push against Ofori-Atta’s debt-exchange plan The lack of consultation is clouding prospects that Ghana can persuade domestic bondholders to accept a proposed restructuring as the government ... seeks IMF help to repair excessive borrowing.
HARD CURRENCY Ghana wants to pay for fuel in gold bars Ghana's vice-president has just proposed that his country pay for its fuel purchases in gold bars. The national currency is experiencing a worrying ... depreciation.
FINANCE V FOOTBALL Can Ghana win its return match with the IMF…and Uruguay? As Ghana's finance minister Ken Ofori-Atta struggles to win over the markets and the IMF, the Black Stars want to banish the memory of their ... defeat in the World Cup in 2010.
Anti-jihadist force Can the Accra Initiative prevent terrorism in West African coastal states? Five years ago, Benin, Burkina Faso, Côte d’Ivoire, Ghana and Togo convened to find proactive ways to deal with the spillover of terrorism ... and violent extremism from the Sahel region.
FINANCIAL FOUL PLAY Ghana hits referee trouble – in the markets and in the World Cup Portugal’s defeat of Ghana’s Black Stars – courtesy of a contested penalty granted to Cristiano Ronaldo – in the World Cup on 24 November ... rankles with the country almost as much as its treatment in the financial markets. On both counts Ghana has expert opinions on its side.