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pounds

UK public borrowing surges to new record high in August

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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...
A higher score from a ratings agency generally means cheaper borrowing for governments

Botswana raises limits for domestic borrowing to nearly 3 billion USD

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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....
kenyan-1000-shilling-note

Kenya cuts borrowing after removal of interest rate caps

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Kenya has reduced the amount of money it seeks to borrow from the domestic market in December as the uptake of government securities decline...
National Policy Summit

No Government Can Do Without Borrowing – Bawumia

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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...
Ken Ofori-Atta, Minister of Finance

Ghana’s Borrowing Spree …Any Cause for Worry?

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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...
H.E Mahamudu Bawumia, Vice President of Ghana (right) speaks with IFC VP and General Counsel Ethiopis Tafara (center) and World Bank Group Trade and Competitiveness Senior Director Anabel Gonzalez (left), confer following a high-level dialogue on opportunities for ambitious reforms of the business environment in Ghana. The event took place at IFC's offices during the Spring Meetings of the IMF and World Bank Group in Washington on April 21, 2017.

Ghana government not being smart on borrowing

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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...
Kemi Adeosun, Minister of Finance - Nigeria

Adeosun does u-turn, says Nigeria will keep borrowing

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The Federal Government will continue to borrow to fund the budget for 2017, the finance ministry said in a statement on Thursday, after the...
poultry

High Cost Of Borrowing, A Setback To Poultry Industry

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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

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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...
A higher score from a ratings agency generally means cheaper borrowing for governments

Analyst lauds Nigeria’s plan to borrow from multilateral institutions

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

Ghana Government condemned for over borrowing

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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...
bond

Kenya falls more on public funds as demand for T-bills rise

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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...
South African Currency

Investors Ditch South Africa’s Fiscal Assets

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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...
Kenneth Kwamina Thompson

Increased Borrowing Collapsed Ghana’s Economy

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Providing startling analysis to back his claim, Mr Thompson said inequitable taxation and appalling lack of investment in the agricultural sector was exposing the...
Seth Tekper

Industries seek strict solutions to economic stability

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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 Mission chief for Ghana, Joël Toujas-Bernaté,

IMF Says Ghana Will Rely More On Borrowing

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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...
debt

Intensified borrowing pushes up Kenya’s domestic debt

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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...
President John Dramani Mahama

Were you asleep when the loans were being approved?’… Mahama

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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

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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

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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

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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

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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

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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...
Christian Lagarde

IMF Boss praises Ghana over borrowing capacity

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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

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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

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Nigerian banks are pulling back from internationally syndicated dollar loans as falling oil prices and new regulation introduced by the Central Bank of Nigeria...
Emmanuel Asiedu Mantey

Ghana Government Borrowing Unacceptable ? Emmanuel Asiedu

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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

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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

Dr. Ebo Turkson Cautions State Institutions Against Borrowing

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An Economist at the University of Ghana ? Legon has warned government not to allow state intuitions to borrow on their balance sheet. According...
John_Dramani_Mahama

Africa has not been a centerpiece of US foreign policy

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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....