Author Archives: edwardkanawu

‘You are on your own!’ – Minister cautions bondholders who reject debt operation

John Kumah, Deputy Minister of Finance and MP for Ejisu Deputy Minister of Finance, John Kumah, has underscored the enormity of the economic challenge that government is currently faced with and has thus urged institutional bondholders to sign on to the current domestic debt exchange proposed by government. Kumah told Joy FM on Tuesday, December 6; that the consequences for ...

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Business News of Monday, 5 December 2022Source: www.ghanaweb.comDomestic Debt Exchange: Economist educates Ofori-Atta, Gabby on ‘implicit haircuts’« PrevNext »Comments (0)Listen to Article WhatsApp Facebook Twitter Email This Gabby Asare Otchere-Darko, President Akufo-Addo and Ken Ofori-Atta Gabby Asare Otchere-Darko, President Akufo-Addo and Ken Ofori-Atta Related Articles: Ghana to swap Cedi debt for new bonds in restructuring Ghana to swap Cedi debt for new bonds in restructuring Ghana, UAE non-oil bilateral trade hits $2.7 billion – Ambassador Ken Ofori-Atta announces Ghana’s Domestic Debt Exchange Economic crunch: Learn from Mahama’s ‘Senchi’ approach – Rev. Opuni-Frimpong to Akufo-Addo Read all related articles

Business News of Monday, 5 December 2022 Source: www.ghanaweb.com Minister of Finance Ken Ofori-Atta announced a Domestic Debt Exchange on December 4, 2022; with the view that details of the said programme will be presented today, December 5. One of three key points he put out in his four-minute address was the fact that there “There will be NO haircut on ...

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Why Ghana’s John Cabess is the 1st African millionaire trader to compete with Europeans in 1700s

The ruins of Fort Komenda found in British Komenda in the Central Region. Image: Wikimedia Commons/F A great African merchant, businessman, and state-builder, John Kabes (also spelled John Cabess or John Cabes) established the paramount stool of the prosperous port city of Komenda in the Eguafo Kingdom of the Gold Coast (Ghana). Despite his tight links to the British and ...

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FULL TEXT: Ofori-Atta’s address on Ghana’s Domestic Debt Exchange

Business News of Monday, 5 December 2022 Source: www.ghanaweb.com   play videoKen Ofori-Atta, Finance Minister Minister of Finance Ken Ofori-Atta on Sunday, December 4, 2022; announced a number of measures under government’s Domestic Debt Exchange (DDE) programme. He stated in a 4-minute address that the announcement was in line with government’s Debt Sustainability Analysis as contained in the 2023 budget he ...

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Ofori-Atta gives Bibical assurance after Domestic Debt Exchange announcement

General News of Monday, 5 December 2022 Source: www.ghanaweb.com   play videoKen Ofori-Atta, Finance Minister Minister of Finance on December 4, 2022; announced measures in government’s Domestic Debt Exchange, DDE, as part of Ghana wider debt sustainability at a time Ghana is seeking support from the International Monetary Fund, IMF. He stated in a four-minute address that the announcement was in ...

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Ken Ofori-Atta announces Ghana’s Domestic Debt Exchange

Business News of Monday, 5 December 2022 Source: www.ghanaweb.com Ken Ofori-Atta, Finance Minister Minister of Finance Ken Ofori-Atta has been announcing measures to be contained in Ghana’s Domestic Debt programme. Speaking at a press briefing today, December 4, 2022; he outlined different measures as relates to among others Treasury Bills, other domestic bonds etc. “Your T-bills are safe. Treasury bills are ...

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Ghana to swap Cedi debt for new bonds in restructuring

General News of Monday, 5 December 2022 Ken Ofori-Atta, Finance Minister   Ghana is asking local bondholders to accept losses on interest payments as it restructures its debt to qualify for a loan from the International Monetary Fund. The West African country will replace existing local-currency debt with four new bonds maturing in 2027, 2029, 2032, and 2037, Finance Minister ...

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Eneco verlaagt tarieven voor derde maand op rij

Energiebedrijf Eneco verlaagt per januari de variabele tarieven van een derde van zijn klanten met 12 procent. De tarieven gaan daarmee voor de derde maand op een rij omlaag, aldus het bedrijf. Ton Voermans 28-11-22, 12:08 Laatste update: 13:33 Dat betekent dat deze groep klanten zo’n 2,99 euro per kuub gas en 69 cent per kilowattuur (kWh) elektriciteit gaat betalen, inclusief 21 procent ...

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