The President of Ghana, Nana Akuffo Addo, called on the German Finance Minister, Christian Lindner, to “push” China, Ghana’s largest external creditor, to accept Ghana’s proposal for debt relief. Following…
Standard and Poor’s (S&P) Global Ratings, an American credit rating organization, downgraded Ghana’s foreign and local currency sovereign ratings to CCC+/C from B-/B on Friday, August 5. This moved Ghana’s…
The minority leader in Parliament, Hon Haruna Iddrisu has stated that the minority would not approve 750 million dollars out of the $1 billion syndicated loan unless the government provides…
A record number of developing countries are now in difficulty, according to traditional debt crisis indicators like collapsing currencies, 1,000 basis point bond spreads, and burnt foreign exchange reserves. Rising…
The term “Per diem” is an amount of money given to an individual by an organization or state institution per day to cover travel-related expenses for work done away from…
