The Central African nation’s May 6 election appears to offer voters a choice. But it’s been masterminded, analysts say, to rubber-stamp the rule of the incumbent, Mahamat Idriss Déby.
As Ghana’s banking sector approaches the crucial milestone of publishing financial results by the end of April 2024, it’s essential to remember that these figures are not mere numbers but a measure of the health of our financial institutions, which is the backbone of our nation’s economic prosperity. Financial results of banks offer valuable insights […] The post Icebergs
The Ghana Hajj Board has released flight schedules for Hajj 2024. According to Executive Secretary Haj Farouk Hamza in a statement issued on Friday, April 26, the usual pattern of Tamale flights preceding Accra’s will be followed. “The first flight of a total of nine from Ghana will depart the Northern Regional capital on Tuesday, […] The post Ghana Hajj
Alhaji Farouk Hamza Flight schedules for Hajj 2024 have been released by the Ghana Hajj Board. According to the Executive Secretary, Alhaji Farouk Hamza, the usual pattern of Tamale Read More... The post Hajj 2024 Flight Schedules Released appeared first on DailyGuide
The ministry of finance has affirmed that ongoing negotiations regarding debt restructuring with creditors have not culminated in failure. Through a tweet, the ministry clarified that an interim agreement has been reached between Ghana and bondholders, but adjustments are necessary to align with IMF debt sustainability targets. “Ghana and Bondholders reached an interim deal, which […] The post
By Dr. Richmond ATUAHENE Abstract The present paper examines the issue of the current Ghana’s public debt crisis, its underlying causes and lessons for the present and the future. After providing a historical discussion, we show that the austerity of the last four years has been unsuccessful in stabilizing the debt while, at the same […] The post The
By Joshua Worlasi AMLANU In a comprehensive update on Ghana’s debt restructuring programme, Finance Minister Dr. Mohammed Amin Adam has highlighted the government’s ongoing efforts to restore fiscal sustainability and foster economic recovery. Speaking at a press briefing, the Minister emphasised the significance of upcoming discussions with bondholder representatives to advance restructuring engagements. “In the […] The post
Dext Technology Limited, a prominent education technology company in Ghana, has signed a memorandum of understanding with the University of Education, Winneba to enhance trainee teachers’ access to practical STEM tools. Through this partnership, Dext Technology Limited and the University will collaborate to explore various opportunities, including direct supply of STEM tools to the Department […] The post UEW
The latest data from the Bank of Ghana (BoG) has revealed that Ghana’s public debt climbed to a staggering GH₵610 billion as of December 2023. This figure reflects an Read More... The post Ghana’s Public Debt Hits
The government paid a total of GH¢300,385,317.52 as judgement debt between 2017 and 2022. The Ministry of Finance made this known in an updated information on judgement debt payment dated August 2023. The Ministry revealed that the payments were made to over 60 individuals and organisations. For instance, in 2017, Albert Osei was paid GH¢279,412.83; […] The post Over
Tough sanctions have been announced by the Saudi authorities against Hajj gatecrashers for this year’s season, preparations for which have already began across the world, including Ghana. According to Read More... The post Hajj Gatecrashers In Trouble appeared first on DailyGuide
Golden Star Wassa Ltd, through its Golden Star Development Foundation, on Thursday, February 1, 2024, cut sod to commence a series of development projects in its host communities. The beneficiary communities are Akosombo, Akyempim, Brofoyedur, Kubekro, Odumasi, Accra Town, Old Subri, Juaben, and Anyinabriem. The projects are estimated to be more than one million US […] The post Golden
Nigeria’s Supreme Court spent over N12 billion in breach of financial regulations for five years, the latest audit report of the Office of the Auditor-General of the Federation (OAuGF) has revealed. The funds should be recovered and remitted to the treasury by the Chief Registrar of the court, the audit report, released in December 2023, […] The post Supreme
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Recapitalisation efforts on track, profitability rebounds Stability Fund offers additional support Bank of Ghana Governor Dr. Ernest Addison has stated that recapitalisation of banks following the Domestic Debt Exchange Programme (DDEP) should continue without any significant hitches, on account of their performance in 2023, as well as the Ghana Financial Stability Fund (GFSF). Speaking during […] The post Banks
The Executive Secretary (left) and the Chairman during the press conference The Ghana Hajj Board yesterday announced the commencement of the 2024 season for the annual Islamic pilgrimage to Read More... The post Hajj Season Begins appeared first on DailyGuide
Ghanaians wishing to perform the 2024 Hajj Pilgrimage in Saudi Arabia are expected to pay a fee of GH¢75,000. Over 4,000 Ghanaians are expected to perform this year’s pilgrimage to Mecca in the Kingdom of Saudi Arabia. This is consistent with last year’s fare. Speaking at a news conference at the Hajj Village in Accra, […] The post Pilgrims to pay GH¢75,000 for 2024 Hajj
The World Bank Group yesterday, in principle, welcomed the agreement on key parameters of the proposed debt restructuring for Ghana reached by the Official Creditors’ Committee under the G20 Common Framework. This agreement, which is consistent with the Joint WB-IMF Debt Sustainability Framework, represents a critical milestone toward restoring debt sustainability in the country. “This […] The post
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The government is urgently seeking to build on the momentum of its debt restructuring efforts, following the recent agreement with official creditors to restructure debts extended to the country up until December 2022. Having overcome this hurdle, Reuters reports that government officials will re-engage with its international bondholders from next week, seeking to continue discussions […] The post
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