Ghana's balance of payments deficit worsens to $3.64 billion.
rise to 54.1% last month. The cedi currency has depreciated around 50% annually, and interest payments on government debt have swelled to between 70% and 100% of GDP.
Recent balance of payments woes have been largely driven by a sharp reversal in capital flows, with Ghana's capital account deficit having worsened to $2.18 billion in December from $1.64 billion in September.Ghana secured a $3 billion staff level bailout from the International Monetary Fund late last year, but must restructure its debts in order to obtain executive board approval.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ghana told to stop borrowing from central bank, to secure IMF bailoutGhana has been been locked out of international capital markets since borrowing costs surged in 2022 on investor concern about the state its public finances
Read more »
South African government weighs in on MTN’s R11.7-billion fight with GhanaSouth Africa’s foreign affairs minister Naledi Pandor has delivered a veiled warning to Ghana over its attempt to fine MTN R11.7 billion in back taxes.
Read more »
'Very high' levels of contamination found in SAA passenger plane tanks after Ghana refuel | BusinessSamples taken from fuel tanks of an SAA Airbus A330-300 when it returned to Johannesburg after possibly loading contaminated jet fuel in Accra, Ghana in April last year revealed 'very high levels of microbiological contamination'. | News24_Business
Read more »
Ghana govt and capital market operators agree on domestic debt exchange termsGhana's government and the Ghana Securities Industry Association (GSIA) have reached an understanding on the terms of participation by capital market operators in the country's domestic debt exchange (DDE) programme, they said on Friday.
Read more »
SA producer price inflation eases further in DecemberThe data suggests receding input-cost pressures for factories in particular
Read more »
ESKOM LIVE | Breather from Stage 4 load shedding from Saturday | BusinessESKOM LIVE | Breather from Stage 4 load shedding from Saturday | News24_Business
Read more »