Joy Business News

Government has made a significant milestone in its debt restructuring journey with bilateral creditors as it reached an agreement on a Memorandum of Understanding (MoU) with its Official Creditor Committee.

The stabilisation of the Ghana cedi against the major foreign currencies is expected to continue this week, following a slowdown in foreign exchange demand.t gained 1.01% against the US dollar, narrowing its year-to-date loss to 18.01%. Again, the cedi retrieved 2.36% week-on-week and 3.12% week-on-week of its losses against the pound and the euro, respectively.

Government to sign an agreement with bilateral creditors on debt restructuring next week. All bilateral creditors are in agreement with the final changes made to the memorandum of understanding which was submitted to the finance minister.

Government Finally settles 2 billion cedis in pension contributions.

Dumsor brought untold hardship to most people in the Gt. Accra region – IEA Survey. The survey shows that about 70.7% of businesses and 61.5% of households reported that power outages have had major or severe effects on their business activities.

Bank of Ghana assures that it is in a strong position to conduct its operation despite its more than 10.5 billion Ghana cedi loss.

The World Bank has revealed that it is expecting its recent disbursements to Ghana to trigger fresh donor funding and private capital investment for the country. The Bank since January has advanced over 800 million dollars expected before the end of this year.