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Photo taken on March 19, 2020 shows U.S. dollar banknotes in Washington D.C., the United States. The Trump administration's plan to send Americans relief money as part of a massive stimulus package in response to COVID-19 could be 1,000 U.S. dollars per person, and 500 dollars per child, Treasury Secretary Steven Mnuchin said Thursday. (Xinhua/Liu Jie)

U.S. Treasury to borrow US$3 trillion in second quarter amid COVID-19 fallout

The U.S. Department of the Treasury said on Monday that it plans to borrow about 3 trillion U.S. dollars in the second quarter to...

Kenya to borrow US$2.47 billion from foreign sources in FY 2020/21

Kenya targets to borrow 247.3 billion shillings (about 2.47 billion U.S. dollars) from external sources in the financial year 2020/2021, National Treasury said on...

Kenya to borrow US$3.2 billion to fill budget deficit

Kenya projects to borrow 331 billion shillings (3.2 billion U.S. dollars), an equivalent of 3.1 percent of the gross domestic product (GDP) from external...

Ghana’s Debt To GDP Declines For The First Time Since 2006

Ghana’s debt to Gross Domestic Product (GDP) ratio has declined from 73 per cent at the end of December 2016 to 68.3 per cent...

Finance Minister Moves Parliament To Approve Financial Policy

“Rt. Hon. Speaker, Honourable Members of Parliament, on the authority of the President of the Republic, Nana Addo Dankwa Akufo-Addo, I beg to move...
Professor John Gatsi

Ghana Could Lose Investors Over Borrow Attitude – Gatsi

The way Ghana handled its energy bond, which failed to raise the target amount despite extension, could suggest a state of desperation to borrow...
Dr. Mahamudu Bawumia

Government promises to practice responsible borrowing

Vice President Dr Mahamudu Bawumia has said government would borrow responsibly to execute government projects to ensure fiscal discipline and debt sustainability so as...
Coat of arms of Ghana

Ghana to borrow US$5.1 billion from domestic market in second quarter

The government of Ghana will go to the domestic capital market to raise 22.25 billion Ghana cedis (5.1 billion U.S. dollars) in the second...

Gov’t Can’t Borrow All Through – Finance Minister

Finance Minister, Ken Ofori-Atta, has emphasized the need to “trigger” a national sense of urgency as an effective measure to tackling Ghana’s economic challenges.According...

Glo Reloads Product To Deliver More Benefits To Customers

Glo Mobile has reloaded its popular product, Three Minutes To Free to deliver more benefits to its customers across the country. The network has also...

Gov’t will certainly borrow to grow the economy – Osafo Maafo

The Senior Minister-designate, Yaw Osafo Maafo has stated that the Akufo-Addo led administration will certainly borrow to help their agenda of resuscitating Ghana’s ailing...
A higher score from a ratings agency generally means cheaper borrowing for governments

Analyst lauds Nigeria’s plan to borrow from multilateral institutions

Tony Ejinkeonye, President of the Abuja Chamber of Commerce and Industry Limited, in an interview with reporters in Abuja, also advised the government ...
Nigeria and IMF

Nigeria drowns more in dept as it falls on WB, China & Japan

The federal government Thursday said it had approved an external borrowing plan of Low cost, long-term loans (1.25% interest, 20yr tenor)" from the World...

Upper East: CPA’s Are Without Good Uniforms for Operations

Community Police Assistants (CPAs) engaged by the Youth Employment Agency (YEA) in the Upper East region have lodged open complaints about some limited...

Nigeria to borrow from lowest cost debt providers

The decision was for government to easily service the debts as high cost debts would be counter-productive in view of the nation's economic realities,...

Ghana Government Seeks GHȼ6 billion From Money Markets

According to government, 3 billion cedis will be sought through 91-Day Treasury Bills. Government said, the World Bank cash helps Ghana to successfully launch its...
SOFI-Award-Winner-Ann Miles,Director of Programs,Financial Inclusion & Youth Livelihoods at The MasterCard Foundation and Mathilda Strom, Deputy CEO, Head of Business of BIMA

MasterCard Foundation awards BIMA

The MasterCard Foundation has awarded its first "Clients at the Centre" Prize to BIMA. The US$150,000 Prize recognizes the company's innovative work in providing...

Uganda to fall on sh2.4trillion to acquire modern artillery

UPDF soldiers on deployment. File Photo Asked why government is seeking such a huge loan for military equipment when the country has so many...

Hearts of Oak MD reveals they had to borrow money to play in Confederation...

Hearts of Oak Managing Director Gerald Ankrah Hearts of Oak Managing Director Gerald Ankrah has confirmed the club had to borrow money to support...

Gov Uduaghan Sets To Borrow N50 Billion After Allegedly Bribing SEC DG

By Fejiro Oliver If The Trio Of Great Ovedje Ogboru, Senator Ifeanyi Okowa And Olorogun O?tega Emerhor Knows What Is Good For Their Political Future;...

Self-employed asked to pay their taxes

The Ghana Revenue Service (GRS), has appealed to the self-employed to keep good business records and be responsive to their tax obligations. Mr Benjamin Tekpor,...

Jonathan Seeks NASS Consent To Borrow

Teddy Oscar, Abuja President Goodluck Jonathan on Wednesday wrote to the National Assembly, requesting the two chambers? approval to borrow the sum of $1 billion...

Bawumia misfires

President John Dramani Mahama has hit back at Dr. Mahamudu Bawumia?s criticism of the government?s excessive borrowing saying, he would keep borrowing. According to...

Mahama defines borrowing

President John  Dramani Mahama The President John Mahama in an apparent reply to critics who accuse his government of wanton borrowing says his government...

Financial Fraud in the Gold Market: Banks Pledge Same Gold to Numerous People

Big banks?pledged the same mortgage to numerous people. Similarly, big bullion banks borrow gold from central banks, and then rehypothecate it?numerous times: *???????? *??????? *   A 1999...

Ghana Will Become Self-Reliant Under The NDC

The next government of the National Democratic Congress (NDC) will pursue measures towards making Ghana more self-reliant. Vice President Kwesi Amissah-Arthur, who declared the intention...

?Deficit Target Won?t Be Breached?

Government will borrow within its GH?4.67billion target this year despite fears to the contrary, Finance Minister Dr Kwabena Duffuor has said. He said Ghana?s history...

What Has The World Come To?

I'm a 42 year old guy with 4 children; my wife went for a refresher course for 6 months. Yesterday l had the sweetest...

Kano will not borrow – Kwankwanso

As the concern about the nation's debt status increases, the Kano state governor, Rabiu Kwankwaso has assured that the state will not borrow to...

FG To Borrow N254.6bn Through Treasury Bills Sale

Thu, 05/07/2012 ? 2:50am | BLESSING ANARO Finance Business The Federal Government plans to auction N254.61 billion ($1.57 billion) in treasury bills with maturities ranging...