The Roads Minister, Kwasi Amoako Atta, has said motorists should brace themselves to pay higher road tolls in 2023. According to him, the amount previously paid as road toll was not enough to construct enough good roads. Therefore, there will be an increment in the amount paid as road tolls to obtain more funds to […]Continue Reading

Subscriptions for government treasury bills went up last week despite the announcement of a debt restructuring programme. Results from the latest auction from the Bank of Ghana held on December 1, 2022, showed GH¢2,748.57 million bids were accepted. Interest rates stood at 36.1% for 91-day T-bills and 182-day T-bills stood at 36.7%. The bids tendered […]Continue Reading

The people have to agree to the terms and conditions of the proposals in the Debt Exchange programme before their funds can be touched, Director of the Institute of Statistical, Social and Economic Research (ISSER) at the University of Ghana, Professor Peter Quartey has said. Professor Quartey said the need should have done roader stakeholder […]Continue Reading

The Ghana Private Road Transport Union(GPRTU) has stated categorically that it has no intention of reducing transport fares following the recent reduction in fuel prices. The Association of Passengers in Ghana (APG) has called on the mother association of driver unions – the Ghana Private Road Transport Union (GPRTU), the Ghana Road Transport Cordinating Council […]Continue Reading

International ratings agency, Moody’s has downgraded GCB Bank PLC’s (GCB Bank) global long-term local currency deposit ratings to Caa3 from Caa2. Moody’s investors also downgraded the bank’s long-term foreign currency deposit ratings to Ca from Caa2, its long-term Counterparty Risk Ratings (CRRs) to Caa3 from Caa2, its long-term Counterparty Risk Assessment (CR Assessment) Continue Reading

The Deputy Secretary General of the Trades Union Congress, Joshua Ansah, has sent out a warning to government not to touch pension funds in its planned debt exchange programme. Government has been inviting bond holding institutions including pension funds to exchange their old bonds for a package of new bonds to be issued by the […]Continue Reading

Finance Minister Ken Ofori-Atta has stated that Ghana’s public debt stock has exceeded the country’s GDP by more than 100%. According to him, one of the reasons for Ghana’s high debt levels has been that a chunk of the government’s revenue is being used for debt servicing. He added that a debt sustainability analysis conducted […]Continue Reading

Minister for Finance, Ken Ofori-Atta has stated that the alternative to the government’s announced Debt Exchange Programme is one that would be far detrimental to the economy. Speaking at a press conference on Monday, December 5, 2022, the minister said an alternative to the recently outlined Domestic Debt operation would lead to instability for the […]Continue Reading

Since the deployment of Social Security and National Insurance Trust (SSNIT) electronic services [mobile money services] two months ago, there has been a considerable increase in usage, Dr. John Ofori-Tenkorang, Director-General of SSNIT has said. SSNIT adopted mobile money services as part of measures to enhance service delivery. With the new services, members can pay Continue Reading

Finance Minister Ken Ofori-Atta has assured that treasury bills (T-bills) are exempted from government planned debt exchange programme. He gave the assurance in a statement issued on Sunday, December 4, 2022.According to Mr Ofori-Atta, small investors, individuals and other vulnerable groups who have invested in T-bills are exempted from the debt exchange exercise. Continue Reading

The old terminal building at the recently inaugurated Sunyani Airport is to be remodeled and expanded to accommodate the expected increase in passenger throughput. The facility was officially inaugurated on Wednesday, August 3, 2022, after a seven-year closure to allow for an extensive renovation of the domestic airport sited in the middle belt. The runway […]Continue Reading