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Bank of Ghana

BoG expresses worry about widening budget deficit due to COVID-19

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Dr Ernest Addison, the Governor of the Bank of Ghana, has expressed worry about the widening budget deficit due to the coronavirus pandemic, saying...
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 reports record US$738 billion budget deficit in April

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The U.S. Treasury Department on Tuesday reported a record 738 billion-U.S. dollar budget deficit in April as the COVID-19 fallout continues to ripple through...
budget

Kenya to borrow US$3.2 billion to fill budget deficit

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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...
ECOWAS

High budget deficits impede West Africa bloc’s single currency agenda – ECOWAS

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High budget deficit remained a major challenge to achieving a second single currency zone by its member states, the Economic Community of West African...
budget

Ghana’s Finance Minister Moved The Inflation Goal-post

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Mr Kenneth Thompson, Chief Executive Officer of Dalex Finance on Tuesday stated that the 2018 budget seems to be shifting the inflation goal-post. He explained...

Ghana to issue US$220 million eurobond in 2018

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Ghana will enter the global capital market next year to issue a 1-billion-Ghana-cedi (220.7 million U.S. dollars) eurobond, Ghana's finance minister Kenneth Ofori-Atta said...
Mozambique

Mozambique state budget deficit at US$77 billion

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The Mozambican government announced Thursday that it has a deficit of 77 billion U.S. dollars for the state budget as the international partners continued...
Eurobond

Kenya bags US$318 million in T-bond offer to cover budget deficit

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Kenya raised 318 million U.S. dollars from two 10-year bonds worth 291 million dollars it floated this month to cover end of fiscal year...

Ghana Likely To Record A Possible Downgrade

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Ghana might record a possible downgrade by credit rating agencies during their periodic assessment of economies in Africa. The recent publications by Standard &...
Nigeria and IMF

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

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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...

Budget deficit of Portugal rises in first quarter

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"This evolution was the result of a growth of revenue (0.2 percent) inferior to expenditure (0.8 percent), which reached 17,540.7 million euros and 18,364.6...
The Report Ghana 2016

OBG Launches Report On Ghana’s Plans For Reducing Budget Deficit

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The Report: 'Ghana 2016' considers the balancing act the government faces as it looks to attract investors while also bringing down the budget deficit....
Egyptian flag

The secret behind Egypt?s mounting debts is its budget deficit

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by Marwa Yahya Economic experts said the budget deficit, among other factors, is the most significant reason for both the domestic and external growing...
debt

France’s Public Debt Rise

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France's public debt hit a record 2 trillion euros (2.5 billion dollars) in the second quarter of 2014, rising by more than a percentage...