The government last week trapped additional foreign exchange into its vault when it issued a United States dollar-denominated bond on the local market to raise a total of $94.64 million at a coupon rate (interest rate) of six per cent. The offer attracted a total of 26 bids from resident investors only with a face … Read more
The main opposition New Patriotic Party (NPP) is painting Ghana as a country in crisis so as to win the 7 December polls, President John Mahama has said. “If somebody says the country is going back, then I can’t understand. I can’t think far. I can’t think madness. But I know that it is propaganda … Read more
Dr Mahamadu Bawumia, an economist, has challenged recent assertions by President John Mahama and Finance Minister Seth Terkper that international ratings agency Moody’s upgraded Ghana recently. The former Central Bank Deputy Governor, speaking at the launch of the manifesto of the New Patriotic Party (NPP) over the weekend at the Trade Fair in Accra, said: … Read more
The recent affirmation of the Government of Ghana’s issuer and senior unsecured rating at B3 and change in the country’s economic outlook to stable from negative by international rating agency, Moody’s, is, indeed, an upgrade worth celebrating by the managers of the economy, Economist Dr John Gatsi has said. “The fact is that you were … Read more
President John Mahama is not feeling the suffering of most Ghanaians because he is cocooned in the trappings of being in power, flag bearer of the main opposition New Patriotic Party (NPP), Nana Akufo-Addo has said. Speaking at the launch of the party’s 2016 manifesto at the International Trade Fair Centre in Accra on Sunday, … Read more
The running mate for the New Patriotic Party, Dr Mahamudu Bawumia has said Moody’s recent review of the economic outlook of Ghana should not be misconstrued as an upgrade. Rather, he said the revision of the country’s outlook from B-negative to B-stable was only a review of the country’s economic outlook and not an upgrade. … Read more
The lenses of Nana Akufo-Addo, flag bearer of the main opposition New Patriotic Party (NPP), see economic crisis where none exists, President John Mahama. In an address at the University of Energy and Natural Resources on day-four of his campaign tour, Mr Mahama wondered why Mr Akufo-Addo will keep harping on the “propaganda” that Ghana’s … Read more