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Home Tag debt

Tag: debt

Ghana expected to conclude external debt restructuring by June – Fitch Ratings

Business

Ghana expected to conclude external debt restructuring by June – Fitch Ratings

by Efo Komla Hukporti

February 28, 2024

In a comprehensive assessment of Ghana’s economic outlook, rating agency Fitch Ratings forecasts the conclusion of the nation’s external debt ...

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A silent debt crisis is engulfing developing economies with weak credit ratings

Business

A silent debt crisis is engulfing developing economies with weak credit ratings

by Efo Komla Hukporti

February 20, 2024

Some developing economies are finally seeing light at the end of the tunnel. Global inflation is receding and global interest ...

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“A silent debt crisis is engulfing developing economies with weak credit ratings,” the Bretton Woods institution highlighted the alarming average debt-to-Gross Domestic Product (GDP) ratio of nearly 75% for these economies by the end of 2023 – a figure 20 points higher than the norm for developing nations.

Business

Ghana, 27 other developing economies facing inescapable debt trap

by Efo Komla Hukporti

February 20, 2024

The World Bank has issued a stark warning, revealing that Ghana and 27 other developing economies find themselves ensnared in ...

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$600m Second Tranche Disbursement: IMF Board reschedules meeting to January 2024

Business

$600m Second Tranche Disbursement: IMF Board reschedules meeting to January 2024

by Efo Komla Hukporti

December 18, 2023

Information reaching norvanreports indicates that the International Monetary Fund (IMF) has rescheduled its board meeting to consider Ghana’s second review under the ...

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