Tag: Borrowing
UK public borrowing surges to new record high in August
British public borrowing surged to 35.9 billion pounds (about 45.69 billion U.S. dollars) in August, representing a new record high since 1993, as...
Botswana raises limits for domestic borrowing to nearly 3 billion USD
Botswana's National Assembly on Wednesday endorsed the doubling of the southern African country's domestic borrowing to 30 billion pula (about 2.9 billion U.S....
Kenya cuts borrowing after removal of interest rate caps
Kenya has reduced the amount of money it seeks to borrow from the domestic market in December as the uptake of government securities decline...
No Government Can Do Without Borrowing – Bawumia
The Vice President while speaking at the closing ceremony of the two-day National Policy Summit on Trade and Industry on 15th August, 2017, at...
Ghana’s Borrowing Spree …Any Cause for Worry?
Much has been said about Ghana’s aggressive borrowing spree from domestic and international capital markets since 2016, and deservedly so. The decision to raise...
Ghana government not being smart on borrowing
A renowned economist has revealed that, the country’s debt stock has gone up due to government borrowing to finance deficit, which is not the...
Adeosun does u-turn, says Nigeria will keep borrowing
The Federal Government will continue to borrow to fund the budget for 2017, the finance ministry said in a statement on Thursday, after the...
High Cost Of Borrowing, A Setback To Poultry Industry
The Chairman of Ghana National Association of Poultry Farmers, Victor Oppong Agyei, has bemoaned the high cost of agricultural borrowing in the country, describing...
Gov’t Debts Will Be Settled With Oil Revenue
The Minister of Finance, Seth Terkper has indicated that government will continue to use revenue from the country’s oil and gas resources to pay...
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 ...
Ghana Government condemned for over borrowing
Critics have argued that, government’s borrowing has rather exerted hardship on Ghanaians. They explain that, the high debt of Ghana has resulted in high...
Kenya falls more on public funds as demand for T-bills rise
The East African nation's Central Bank of Kenya (CBK) floated bonds worth 248 million U.S. dollars as it sought to raise cash for budgetary...
Investors Ditch South Africa’s Fiscal Assets
Africa's most industrialised economy is seen at risk of losing its investment-grade status because of persistently weak growth and large deficits. Many investors are...
Increased Borrowing Collapsed Ghana’s Economy
Providing startling analysis to back his claim, Mr Thompson said inequitable taxation and appalling lack of investment in the agricultural sector was exposing the...
Industries seek strict solutions to economic stability
In the fourth quarter of 2015 business barometer report of the Association of Ghana Industries (AGI), AGI indicated that the confidence level of businesses...
IMF Says Ghana Will Rely More On Borrowing
According to the IMF Mission chief for Ghana, Joël Toujas-Bernaté, large decline in commodity prices, gold, oil and cocoa will mean lower exports, which means...
Intensified borrowing pushes up Kenya’s domestic debt
This is a rise of about 1 billion U.S. dollars from 13.5 billion dollars where the domestic debt stood in early August before it...
Were you asleep when the loans were being approved?’… Mahama
President John Mahama in rapping his “changing lives” tour has debunked allegations of misuse of the country’s money, especially loans it has secured since...
Government to face economic challenges in 2016 – IFS
Speaking at a 2016 budget Forum on ‘Making The Most Out of Petroleum Revenues’ organised by the Natural Resource Governance Institute and the IFS,...
MMDAs lack borrowing capacity ? Terkper
Mr. Seth Terkper, Minister of Finance has said recent studies in Ghana continue to show that the borrowing capacity of Metropolitan, Municipal and District...
Omanhene defends excessive government debt
He explained that there was clear evidence that loans contracted by the government were being used judiciously, for which reason the government must be...
Banks Go Extra Mile On Overnight Borrowing
Nigerian lenders are strategising on a combination of options such as the Central Bank of Nigeria (CBN)?s overnight borrowing, Standing Lending Facility, (SLF) in...
SME?s struggle to keep going as cost of borrowing surge
The contribution of Small and Medium Enterprises (SME?s) to creation of jobs and increasing aggregate output continue to dwindle as banks put in stringent...
IMF Boss praises Ghana over borrowing capacity
The Managing Director of the International Monetary Fund (IMF) Ms Christian Lagarde has expressed hope in the government of Ghana?s ability to meet the...
Terpker says taxpayers will be free from governments smart borrowing
As government?s debt hits 90 billion cedis?? 67.53% of GDP, the Minister of Finance and Economic Planning, Mr. Seth Terkper has maintained that government?s...
Nigerian banks pulling back from syndicated dollar loans
Nigerian banks are pulling back from internationally syndicated dollar loans as falling oil prices and new regulation introduced by the Central Bank of Nigeria...
Ghana Government Borrowing Unacceptable ? Emmanuel Asiedu
A former Deputy Governor of Bank of Ghana, Emmanuel Aseidu ? Mante says the level of government borrowing from the domestic market is unacceptable....
Bagbin lashes out at MPs for calling gov?t names
Majority leader Alban Bagbin says the Mahama-led administration has had to borrow a lot because it intends to complete all the uncompleted projects started...
Dr. Ebo Turkson Cautions State Institutions Against Borrowing
An Economist at the University of Ghana ? Legon has warned government not to allow state intuitions to borrow on their balance sheet. According...
Africa has not been a centerpiece of US foreign policy
The ongoing Africa-US Summit in Washington beggars belief because for a long time now, Africa has not been a centre-piece of US foreign policy....