The government says it is not under pressure to refinance the country’s maiden bond issued in 2007 “at any price”, hence the decision to pause in pricing a new 2016 Eurobond until market conditions improve. Speaking to the Daily Graphic about developments concerning the ongoing programme to refinance the balance of all or part of
Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), made the following statement today regarding the Executive Board’s decision supporting the general allocation of Special Drawing Rights (SDRs): “The IMF Executive Board yesterday concurred in my proposal for a new general SDR allocation equivalent to US$650 billion – the largest allocation in the IMF’s
Minister for Finance, Ken Ofori-Atta, has made a justification for the sudden rise in the country’s public debt stock as a ratio of Gross Domestic Product (GDP). Speaking at a presser on Sunday, May 9, following the massive social media campaign dubbed #FixTheCountry by which the Ghanaian youth are demanding for good roads, quality education,
58 Replies As of today, the five year constant maturity Treasury yield has stabilized for the last month at about 0.9%. The inflation breakeven implied by the spread between Treasurys and TIPS has plateaued at 2.52%. After accounting for the estimated term premium and liquidity premium, the implied inflation rate is 1.90% . Figure 1. Five year inflation
The Yapei-Kusawgu MP, John Abdulai Jinapor says the Akufo-Addo-led administration’s revenue target is simply unattainable. The former Deputy Energy Minister based his comments on the inability of government to meet any of its revenue targets in the past four years. According to him, government’s projection of adding about ¢20 billion more to Ghana’s current tax
Growth through innovation/creativity. Rather than be constrained by ideas for new products, services and new markets coming from just a few people, a Thinking Corporation can tap into the employees.
The teams focused their efforts on a few of the highest-value S&OP levers in order to review the current planning process, identify gaps in the planning infrastructure and analytically understand demand and supply variability.
Woodfields Energy Resources Limited, an indigenous Ghanaian petroleum company, has refuted claims of its indebtedness to the Tema Oil Refinery (TOR) to the tune of five million dollars. According to the company, they have honoured all their payment obligations for processing fees to TOR and is not indebted to the refinery for any processing fee
Public sector workers looking forward to a huge wage increment will not get it because the Finance Ministry says there is simply no money to meet such demands. And indeed this situation is likely to persist until 2024 as the Technical Adviser at the Ministry Dr Samuel Nii Noi Ashong called on the country to
The Executive Director of Africa Centre for Energy Policy, Benjamin Boakye says the country is losing billions of dollars to failing existing infrastructure in the energy sector. Interacting with Newsfile host, Samson Lardy Anyenini on Saturday, Benjamin Boakye explained that the failure of GRIDCo to invest in capacity banks is costing Ghana $2.5m per month