NEWS

Dr. Mahamudu Bawumia, the vice president, has announced the start of construction on the “Improvement of the Tema Motorway Roundabout Phase 2” project. The project would add a third layer to the two-tier interchange already in place, bringing the total number of interchanges under the control of President Nana Addo …

The United Kingdom (UK) is interested in hiring skilled Ghanaian nurses, according to the health minister, Kwaku Agyemang Manu. He claims that there is an ongoing business relationship with the British government in exchange for payment. The Dormaa Central lawmaker said the deal will be similar to a current one …

In order to prevent unwarranted investor panic, the finance minister, Ken Ofori-Atta, has warned the media to be cautious and only provide accurate facts about the present economic situation and the government’s debt swap scheme. Speaking during the opening of Ghana’s Domestic Debt Exchange on December 5, 2022, Mr. Ofori-Atta …

Ken Ofori Atta, the minister of finance, has acknowledged that the debt exchange program, which was just inaugurated, is a crucial component of the government’s request to the IMF for an economic agreement. He claims that in order to put the debt level on a sustainable course, the government is …

The government’s pledge to reduce spending in the face of the present economic crisis does not appear to have satisfied the minority. The NDC MPs think the ostensible steps indicated in the 2023 budget are insufficient to represent the government’s attempt to share the burden at this critical juncture. On …

Ghana’s Domestic Debt Exchange Program was launched by Finance Minister Ken Ofori-Atta in an effort to improve the country’s ability to pay down its debt. The Finance Minister stated that the goal of the program was to “invite holders of domestic debt to voluntarily exchange approximately GH137 billion of the …

More than half of Ghana’s overall earnings and more than 70% of the country’s tax receipts, according to Finance Minister Ken Ofori-Atta, are used to pay off the State’s debts. On Monday, December 5, 2022, the Finance Minister stated that Ghana’s debt sustainability research showed that the country’s debt is …

Former President John Agyekum Kufour advises leaders of state to dismiss their appointments if they are not functioning as expected. He asserts that it is their duty to make such risky choices in order to keep their country on course. Calls have already been made for the Akufo-Addo government to …

The Health Services Workers’ Union (HSWU) has promised to oppose any effort by the government to interfere with its members’ pensions. At a press conference on Sunday, HSWU General Secretary Franklin Owusu Ansah stated, “If the government feels it so vital to execute the debt restructuring, we will encourage them …

Following the conclusion of the Debt Sustainability Analysis as part of discussions with the International Monetary Fund (IMF)., the government has disclosed the specifics of a local debt swap. Domestic bondholders are expected to exchange their current instruments for new ones in accordance with the scheme, Finance Minister Ken Ofori-Atta …