Joy Business News

Despite facing restrictions over the past two years due to rising debt levels, slow economic growth, and a low balance of payment account, Ghana may soon gain access to s for new dollar borrowings. International investors and Eurobond holders view this positively following the government’s $13.1 billion restructuring deal.

Eurobond holders are expected to forego about $4.7 billion owed them by the Government of Ghana. This is part of agreement reached with the Bondholders in restructuring a $13.1 billion debt.

McDan group to list salt mining company Electrochem Ghana Limited on the Ghana Stock Exchange by end of third quarter of this year.

News from the world of business.

Seventy seven percent of Ghanaians are reporting a significant stress on their livelihood due to the rising costs of living, the impact on their daily life and consumer behaviour. This statistic underscores the severe strain that inflation is placing on households, eroding purchasing power and compelling difficult choices in spending.

More international airlines apply to offer scheduled and chartered services between Accra and London a move which could provide competition for British Airways.

The International Monetary Fund (IMF) has set June 28, 2024, for its Board Meeting to consider Ghana’s second programme review and possibly approve $360 million dollars for the country.

Players within the downstream petroleum sector bring up the impact of the depreciation of the cedi on their business saying it makes the pricing of their products difficult.

News from the world of business.

The Minority caucus in Parliament has expressed concern about rising food prices in the country, calling into question the effectiveness and impact of the government’s much-touted Planting for Food and Jobs (PFJ) initiative.