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1 – 10 of 26This follows a January agreement with official creditors, who are owed approximately USD5.4bn. That allowed the country to receive the second disbursement of USD600mn from the IMF…
The ruling New Patriotic Party (NPP) and its presidential nominee for the December 2024 general election, Vice President Mahamudu Bawumia, will look to take credit for these…
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DOI: 10.1108/OXAN-DB285036
ISSN: 2633-304X
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If it cannot pay or reach a bondholder deal within a 14-day grace period, it would become the third African country to default since 2020. These defaults reflect a broader…
This follows IMF Executive Board approval, on May 17, of a 36-month USD3bn Extended Credit Facility (ECF) aimed at addressing the country’s debt crisis. This was followed…
The downgrade reflects the expected realisation this year of the delayed global economic slowdown. The resulting debt overhang in the region has depleted the space for fiscal…
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DOI: 10.1108/OXAN-DB280137
ISSN: 2633-304X
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The decision applies to Ghana’s Eurobonds, commercial term loans and most of its bilateral debt. It does not apply to multilateral debt. The government, which reached a…
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DOI: 10.1108/OXAN-DB274952
ISSN: 2633-304X
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Ghanaian oil and gas prospects
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DOI: 10.1108/OXAN-DB221260
ISSN: 2633-304X
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African Eurobond push
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DOI: 10.1108/OXAN-DB231981
ISSN: 2633-304X
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The currency has fallen nearly 40% against the dollar since January, making it the world’s second worst-performing currency after the Sri Lankan rupee. This reflects a range of…
However, with COVID-19-related disruptions weakening chocolate demand, and expectations for another tumble in cocoa’s world market price, the Ivorian Coffee and Cocoa Board (CCC…