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Trending News: NPP’s Future at Stake: Kennedy Agyapong’s Blunt WarningGhana’s Creative Industry Takes a Step Forward: President Mahama Attends Black Star Experience LaunchAccra Mayor Confronts Police Officer Over Alleged ExtortionLarry Ellison Vaults His Way to Second-Richest Person on EarthDebt Relief Lawyer: Your Path to Financial FreedomNPP’s Paul Yandoh Raises Concerns Over Chairman Wontumi’s Health and TreatmentECG Raids Katakyie Afrifa’s Residence Over Alleged Illegal Electricity ConnectionsGovernment Shuts Down Wontumi FM, Asaase Radio, and 60 Other Stations for Regulatory BreachesUnderstanding the Rejection of Kennedy Agyapong’s $20m Property by EOCOUnraveling the GH₵50 Million Controversy: Wontumi’s ResponseI’ve Been Quietly Cooperating with NIB” – Dr. Opoku-PrempehGhana’s Ambulance Scandal: Ken Ofori-Atta Faces Interpol Red NoticeAviation Products Liability Insurance: Protecting ManufacturersAirport Insurance: Protecting the Hub of AviationAirline Insurance: Protecting the SkiesGHACEM’s Price Reduction: A Boost to the Construction Industry‘I Am Not Gay, and I Will Never BeNana Agradaa Sued for Defamation Over Comments About Gifty AdoryeKobby Muhsin – MashupCaptain Smart Reveals Thriving Business Empire as He Parts Ways with Onua TVKOBBY-MUHSIN-SENORITA-PROD.-BY-JEWNART.mp3POLICE UPDATE ON SHOOTING INCIDENT AT ASIYAW: FOUR SUSPECTS ARRESTEDPatapaa Stirs Controversy with Claims about ‘One Corner’ and Black SherifAG Slams 11 Charges on Ex-NSB Boss Kwabena Adu-Boahene & Family Member, Company, and BankerHull Insurance for Aircraft: Protecting Your InvestmentAircraft Insurance: Protecting Your InvestmentPope Francis Laid to Rest: 1000 Bid Farewell to Beloved PontiffGhana Cocoa Board Uncovers Extensive Rot and MismanagementA/SIX DEAD IN FATAL ROAD ACCIDENT AT ADANSI DOMPOASEA young business man kelvin Brown support the youth of suhumCocoa Farmers’ Prosperity Under NPP: A Message from Hon. 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Owusu-Bempah’s 2025 Prophecies: Doom for Ashanti Chief, Mass Blindness, and Deadly Disease”NDowuona Music Unveils Heartfelt Single “Odo,” a Testament of Divine LoveFrancis-Xavier Sosu Vows to Appeal Parliament Car Smasher’s 5-Year Sentence“2024 Year in Review: Ghanaian Women Who Defied the Odds and Made History”Causes and Risk Factors of Family HistoryCauses and Risk Factors of AgeingTheophylline: A Comprehensive GuideAnticholinergic Medications: A Comprehensive GuideInhalers: A Comprehensive GuideNebulizers: A Comprehensive GuideSpacers: A Comprehensive GuidePeak Flow Meters: A Comprehensive GuideBronchodilators: A Comprehensive GuideInhaled Corticosteroids: A Comprehensive GuideLong-acting Beta Agonists (LABAs): A Comprehensive GuideWatch Agyemang Rawlings and President Akuffo-Addo dance during the 100th 1anniversary of Prempeh IThe job I did for Lord Kenya was not appreciated – Okraku ManteyAkufo-Addo: “Bawumia has never lied to me.”View the remnants of GH200 notes that were burned during the fire.Omama ft Ohemaa Lisa – FameOmama ft Ohemaa Lisa – Gogo gagaRecipes: Delicious and Easy-to-Make DishesCooking: The Art of Preparing Delicious MealsIngredients: The Building Blocks of CookingNutrition: The Key to Optimal HealthCuisine: Exploring the Flavors of the WorldRelaxation: The Key to a Healthier, Happier LifeMeals: Nourishing and Delicious OptionsSnacks: Quick and Delicious OptionsDesserts: Sweet Treats and DelightsBeverages: Refreshing Drinks for Every Occasion

Due to the cedi’s depreciation, Ghana’s governmental debt grew by GH93 billion, according to Ofori-Atta.

djfly
Finance
November 29, 2022
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“The budget revealed that Ghana spends more than $10 billion on imports per year. It has been challenging to meet the import needs, which include crude oil and petroleum products worth around US$400m (GH4.80bn) a month, given the poor foreign profits. In order to finance the lights in homes and businesses, the Ministry of Finance also needs roughly US$1.0 billion annually “explained he.

Ghana is asking the International Monetary Fund for a $3 billion Extended Credit Facility (ECF) programme over three years. This means that even the debt that has developed as a result of the depreciation of the Ghanaian cedi cannot be paid off by this hypothetical bailout.