News from the world of business.

Government has been urged to look for cheaper sources of financing to borrow in order to slow down the rising country’s debt.

The Bank of Ghana has dismissed claims by the Minority in Parliament that it has printed money to the tune of ¢22.04 billion to finance government’s budget.

According to the Finance Minister, Ken Ofori-Atta, government is developing an Enhanced Domestic Programme in collaboration with the International Monetary Fund to complement the GhanaCares Obataanpa programme for macroeconomic stability, debt sustainability, robust growth and Ghana Beyond Aid.

Ghana’s total public debt stock went up marginally by ¢130 million to ¢393.4 billion in June 2022, about 78.3% of Gross Domestic Product, the Summary of Economic and Financial Data by the Bank of Ghana has revealed.

Ghana could get more than $5bn in total funding from the International Monetary Fund, the World Bank and other development partners if the country is able to secure a program with the IMF.

Mid-year budget review: Government to roll out additional measures to fast-track economic recovery

Government’s negotiations with IMF for an economic program could officially take off next month.

The Public Utilities Regulatory Commission has initiated measures to investigate and identify the cause of the recent power fluctuations experienced by consumers across the country.

Aggrieved Workers of the Ghana Ports and Harbours Authority (GPHA) have called off their demonstration demanding for 20% control of containers at the ports for 10 years.