The Institute for Fiscal Studies (IFS) is pressing for government to review its borrowing plans for 2016 to limit the interest cost burden and associated risks. This is part of the institute’s recommendations after analyzing the 2016 supplementary budget. More in this business desk report. IFS in an official concluded that the prevailing weak economic … Read more
Ghana’s failure to receive favourable response on the international market for its 700 million-dollar eurobond has been attributed to what financial experts say is the government’s high appetite for borrowing. The Finance Ministry in early August halted government’s decision to issue a 700 million-dollar eurobond due to unfavourable market conditions. But this, according to the … Read more
The 2012 Vice Presidential candidate of the New Patriotic Party (NPP), Dr Mahamudu Bawumia, has alleged that the Bank of Ghana, under governing National Democratic Congress, has spent $6.5 billion from 2009 to date, but has failed to stabilise the value of the Ghana cedi. In a press statement made available by the communications team … Read more