Tag: debt crisis
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Ghana’s Trade Union Congress Plans Major Protest Over African Debt Crisis
The Trades Union Congress (TUC) will mobilize thousands of workers in a protest scheduled for August 29, 2025, demanding international creditors cancel debts owed...
France Proposed Public Holiday Cuts to Reduce Budget Deficit
French Prime Minister François Bayrou has unveiled a contentious plan to eliminate two national holidays Easter Monday and May 8 (Victory in Europe Day)...
Bank of Ghana Trims Losses to GH¢9.5bn as Recovery Path Begins
The Bank of Ghana reduced its operating loss to GH¢9.49 billion in 2024, marking significant improvement from the GH¢13.23 billion loss recorded in 2023...
Africa Launches US$20 Billion Fund to Tackle Soaring Debt Crisis
African nations have established a $20 billion financial stability mechanism to address the continent's escalating debt burden, which has grown three times faster than...
Ghana Bankers Advocate Pension Reform to Mitigate Debt Crisis Fallout
Ghana’s banking sector is urging pension funds and institutional investors to diversify portfolios beyond government securities, following significant losses incurred during the 2023 Domestic...
