Professor Steve Hanke, an American economist who teaches applied economics at Johns Hopkins University in Baltimore, Maryland, has criticized President Nana Addo Dankwa Akufo-Addo, claiming that he deliberately led Ghana into a debt problem. He claimed in an X post that the president’s intentional acts are the reason Ghana is drowning in debt. The national…
At a private ceremony held at the company’s headquarters in Accra on January 25, 2023, Fido Micro Credit (FIDO) Ghana, a financial institution with its headquarters located in Accra, announced Deloris Frimpong Manso, also known as Delay, as its official ambassador for its creative campaign, “Better Score, Bigger Loans.” FIDO Ghana’s “Better Score, Bigger Loans”…
Today, Monday, January 8, 2024, is a critical conference that Ghana has scheduled with its external creditors to finalize a strategy for restructuring an estimated $5.4 billion in external debt. Discussions on debt-related issues, economic changes, and cooperative tactics for long-term financial management make this meeting extremely important. Much of Ghana’s $20 billion external debt…
In 2023, Ghana’s economy has come under scrutiny because to variations in the US dollar to Ghanaian cedi exchange rate that occur throughout the year. In order to examine the performance of the Cedi relative to the Dollar using data from the Ghana Statistical Service from January to September 2023, we will examine the…
The World Bank has chosen 4 African nations to pilot a scheme that will aid at least 100 million people in sub-Saharan Africa by 2030. The Clean Energy program’s pilot would be implemented in Sao Tome and Principe, Tanzania, Rwanda, and Somalia. See the 4 African countries set to test run the World Bank’s $15…
In response to recent accusations, Strategic Mobilization Ghana Limited (SML) is retaliating, vehemently defending its business operations and highlighting its adherence to industry standards. SML defends business practices; highlights contribution to petroleum sector growth In its contract with the Ghana Revenue Authority (GRA), the corporation explicitly denied any wrongdoing allegations, claiming to function on a…
