[ad_1] Togbe Afede XIV, the Agbogbomefia of the Asogli State, has recommended a substantial restructuring of the Bank of Ghana (BoG) to improve its effectiveness. In his article dated April 11, 2024, Togbe Afede XIV emphasised that the BoG’s policy of maintaining high interest rates, to the detriment of the real sectors, is not a…
[ad_1] Ghana has missed out on the November 1 timeline set in the International Monetary Fund (IMF) programme to get a second tranche of the $3 billion bailout package as the country’s debt rework negotiations with external creditors delay. The Black Star of Africa is still in talks with its external creditors for debt relief…
[ad_1] The Ghana Association of Restructuring and Insolvency Advisors (GARIA) has unveiled the maiden edition of the Corporate Insolvency and Restructuring Journal, marking a significant step forward in enhancing thought leadership in the business framework space in Ghana. Ghana’s journey towards an improved business environment has been punctuated by key legislative milestones, including the enactment…
[ad_1] The issue of global debt distress is a matter of great concern, not just for the affected developing nations but also for developed countries and international organizations. A recent United Nations Development Program report revealed that 54 developing economies are currently grappling with severe debt problems. Among these nations, Ghana, Zambia, and Sri Lanka have found…
[ad_1] The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has pushed for a fast-tracked debt restructuring for vulnerable Group of Twenty (G20) members, including Ghana, Ethiopia, and Malawi. This comes on the back of recent agreements reached between Zambia and Chad and its creditors, and the need to safeguard these countries from…
