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The Bank of Ghana is seeking a GHC 53 billion bailout to address its negative equity concerns, primarily resulting from significant losses incurred in 2022. Finance Minister Dr. Ato Forson …
Bank of Ghana Requests GHC 53 Billion Bailout to Correct Negative Equity Crisis Read More
Ghana’s Finance Minister emphasized the substantial external debt service the country will face over the next four years, underlining potential challenges to fiscal stability and growth. On Tuesday, Ghana’s Finance …
Ghana Faces Significant External Debt Service Challenges Ahead Read More
Ghana’s central bank is addressing a notable rise in bad loans, notably with one lender having an 81% non-performing loan ratio, amidst a broader industry rate of 21.8%. Governor Asiama …
Ghana Central Bank Engages Lenders to Address Rising Bad Loans Read More
Moody’s Rating Agency indicates a stable outlook for Uzbekistan’s banking sector in 2024, with problem loans increasing to 7%. Continued state support for large banks is expected to maintain financial …
Uzbekistan’s Banking Sector Outlook Remains Stable Amid Rising Problem Loans Read More
Moody’s reports that Kenya’s bond buyback has reduced medium-term refinancing risks. The government raised $1.5 billion through a Eurobond issuance to manage liabilities, particularly for maturing Eurobonds. While market access …
Kenya’s Bond Buyback Reduces Refinancing Risks, Moody’s Analysis Read More
Malawi’s public debt has reached K16.19 trillion, representing 86.4% of GDP as of September 2024. The finance minister disclosed plans to renegotiate with creditors while emphasizing improved debt management. The …
Malawi’s Public Debt Reaches K16.19 Trillion: Government’s Plans for Restructuring Read More
At a recent G20 meeting, IMF Managing Director Kristalina Georgieva highlighted the critical need for global support in addressing the debt challenges faced by various countries. She underscored the importance …
IMF Commits to Support Countries Facing Debt Challenges Read More
The IFS has urged the Ghanaian government to set realistic budget targets to enhance fiscal credibility, highlighting the historical issue of overestimated revenue projections. The institute cautioned against excessive borrowing …
IFS Advocates for Realistic Budget Targets to Enhance Fiscal Credibility in Ghana Read More