Browsing: Ghana

VFD Group Plc recorded N1.021 billion loss before tax in financial year 2023 due to sharp decline in net investment income

Ghana has received approval from the authority of the African Continental Free Trade Area (AfCFTA) to trade 700 local products within the African continent, a

Ghana has received access to an additional loan of $600 million from the multilateral lender, IMF

Ghana’s 55% debt as a proportion of gross domestic product (GDP) target for 2028 does not appear feasible, S&P Global Ratings said in an African Domestic Debt report.

Fitch Ratings has upgraded Ghana’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘CCC’ from ‘RD’. Fitch typically does not assign Outlooks to sovereigns with a rating of ‘CCC+’ or below.

Africa Finance Corporation (AFC) has exited its 35% equity investment in Atlantic Terminal Services Limited (ATSL), the concessionaire for the expansion of Ghana’s Takoradi Port, to the global ports and container terminals operator Yilport Holding.

Ghana is gearing up to welcome the 12th edition of the African Peering and Interconnection Forum (AfPIF), marking the event’s second appearance

As Accra continues to work its way out of debt pressures, Ghana’s finance ministry has invited eligible holders to exchange $809.9 million in domestic U.S. dollar bonds for a package of new bonds with lower rates and longer maturities.

IMF Approves $3bn Loan for Ghana The International Monetary Fund (IMF) executive board has approved a three billion U.S. dollar…

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), has welcomed a statement from the Official Creditor Committee for Ghana on the importance of an IMF-supported economic program, together with its commitment to negotiate debt restructuring terms accordingly.