Tag: Bloomberg
Ghana restructures $4 billion in latest Domestic Debt Exchange
Ghana agreed to terms to swap about $4 billion of domestic debt, taking another step toward meeting its obligations under an International Monetary Fund...
Investors demand insurance payment on Ghana’s Eurobond after default
A panel of investors and banks has ruled Ghana’s missed coupon payments on its foreign-denominated bonds count as a failure-to-pay event, paving the way...
Ghana’s inflation slows for first time in 20 months on Cedi...
Ghana’s inflation rate unexpectedly fell for the first time in 20 months in January after the cedi strengthened.
Annual inflation slowed to 53.6% from 54.1%...
Ghana Cedi now world’s worst-performing currency
This year, Ghana’s cedi slumped to become the world’s worst-performing currency as investors continued to squeeze foreign capital into the west African country before...
Fuel shortage looms as Bank of Ghana rations dollars, says Bloomberg
Ghana faces a looming fuel shortage as the central bank rations dollars after oil prices surged following Russia’s invasion of Ukraine.
The monthly fuel import...
Ghana gets $1bn pledge from banks to spur finances
International banks have pledged to lend Ghana $1 billion for budget purposes and to boost the Central Bank reserves as the country seeks to...
