Tag: Debt
Gambari COS for Buhari: Right Man at Right Time for Nigeria
President Muhammadu Buhari has unexpectedly chosen an exceptional new Chief of Staff (COS), Professor Ibrahim Gambari, (his friends call him “Prof”), to replace the...
Australian government’s debt will increase significantly
Australia's Treasurer has declared that the nation is "at war" with the COVID-19.
Josh Frydenberg on Tuesday fronted Parliament to deliver a...
US Anti-China Narrative on Africa Unmasked
AFRICA: THE FIRST U.S. CASUALTY OF THE NEW INFORMATION WARFARE AGAINST CHINA
February 5, 2020
The article below by Caleb Slayton, director for the U.S. Air...
Moody’s ratings shows government is on track to economic recovery
Government says the rating of Ghana’s economic outlook from stable to positive by an international rating agency, Moody’s Rating Agency, is a testament of...
China Has Embraced Africa’s Development; The US Has Not
January 16, 2020
It is as clear as day and night, the difference between China’s approach to Africa and that of the United States. There...
From in debt to indestructible, an impoverished man’s transformation
Wang Yujin, a villager from Shanghuang Village in northwest China's Ningxia Hui Autonomous Region, is busy getting loans from local banks. He wants a...
Namibian public debt rises to US$3.4 billion
Namibia's domestic public debt increased by 315.8 percent over a decade to 3.4 billion U.S. dollars at the end of November, according to a...
NEIP Calls For Proposal For Business Support Programme
The National Entrepreneurship Innovation Plan (NEIP) has opened its first call of proposal from prospective applicants or businesses to enter application for its flagship...
Gambia sees sharp decrease in treasury bill rate
The International Monetary Fund (IMF) said Tuesday that Gambia has experienced sharp decrease in treasury bill due to budget support.
"The debt service to the...
AMERI Politics Causes VRA US$11.5 Million Monthly
The nation has once again been plunged into the AMERI Power Project controversy with a stiff political stand-off between the former NDC administration which...
Middle class “craze” pushes some Kenyans into debt
By Kenya's middle-class standards, Bob Otieno fits this definition well-- he has a car and lives in one of Nairobi's leafy suburbs.
Like many other...
Telecom Namibia sees increasing overdue debt since january
Namibia's telecommunications service provider, Telecom Namibia, is owed around 30.2 million U.S dollars by its customers and the overdue debt has been increasing in...
Ghana Prisons Service Slapped with a GH¢43m Debt
The Service has been in arrears since last year due to the delay in the release of funds.
The Ghana Prisons Service is worried about...
Journalists to rise up against APC over unpaid Adverts debts
Journalists covering the ruling All Progressives Congress (APC) have said that they will embark on a massive protest against the National Working Committee (NWC)...
Ghana’s Debt to GDP, Debt Stock and Other Matters Arising
In 2016 the issue about debt stock and debt to GDP ratio were important part of public financial and economic management discourse in...
Skye Bank’s liquidity is stabilized, MD says
Skye Bank’s liquidity position and prime brokerage deposits have stabilized in recent weeks as it has successfully implemented cost management initiatives which has enhanced liquidity...
Ivory Finance Boss exposes the truth over SIC GH₵550 million debt
The Executive Chairman of Ivory Finance Company Limited, Emmanuel Adu Sarkodee has described claims that SIC Insurance Company Limited has paid GHC91million to Ivory...
Debt management efforts must be reconsidered – ISSER
It alarmed of risks that may disrupt the attainment of the 2016 budgetary targets as well economic policies objectives as well as medium-term goals.
The...
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...
Kinross Gold Settles Its Debt
Canadian-based senior gold mining company Kinross Gold Corporation, which has mines and projects in Ghana, the United States, Brazil, Russia, Mauritania and Chile has...
DR Congo pledges to clear Zambia electricity debt
The DR Congo owes Zesco Limited 13.5 million U.S. dollars in electricity arrears, a situation that forced the power utility to discontinue electricity supply...
VRA Needs GHC300 million to offset its debts
The government through an effort to raise funds to help defray part of the Volta River Authority (VRA) debt owing to its suppliers is...
VRA in debt of $350 million to Ghana Gas
As a result of VRA’s indebtedness, he said, it had failed to service the Chinese Development Bank loan facility it secured for the construction...
Tullow Ghana owes GRA US$76,434.5 over Surface Rental
Oil giant and a lead partner in the country’s Jubilee oil fields, Tullow Ghana Limited according to the 2015 Public Interest and Accountability Committee...
China Advised To Turn off Taps Of Credit-driven Growth
The prominent article, in question-and-answer format, started on the front of the broadsheet paper and took up the entirety of page two.
China's Communist authorities...
Can Africa Benefit From Eurobond Boom For Long?
The governments of African countries facing dwindling levels of foreign aid are on a borrowing spree to fund new roads, power stations and other...
Ghana’s Debt-to-GDP Ratio To Hit 74% By 2016 Ending
Speaking at a press conference on the release of the April 2016 Fiscal Monitor in Washington DC, Abdelhak Senhadji, Deputy Director of the Fiscal...
Zimbabwe says to clear arrears to multilateral creditors by June
Zimbabwe last year struck a deal to clear the 1.8 billion U.S. dollars arrears to multilateral creditors -International Monetary Fund, World Bank and the...
RLG paid its debt to government in Full
Samuel George said on Joy FM/Multi TV Saturday news analysis programme, Newsfile, RLG and another AGAMS Group subsidiary, Asongtaba Contage Industry and Exchange Programme...
Kenya’s dollar reserves drop as inflows from debt market decline
The dollar reserves have gone down from 6.9 billion U.S. dollars or 4.4 months of import cover at the start of this month to...