Tag Archives: Debt

Parliament House and Job 600 faced a temporary disconnection of electricity supply on February 29, 2024. This action was executed by the National Taskforce of the Electricity Company of Ghana (ECG) due to an outstanding debt of GH¢23 million. Despite attempts to settle the arrears, the disconnection aligns with the …

Ghana has claimed the seventh position among African nations grappling with substantial debts owed to the International Monetary Fund (IMF), according to the IMF’s latest data as of December 6th, 2023. The IMF, a pivotal player in global finance, extends financial assistance to governments facing economic challenges. While these loans …

Ghana has become Africa’s largest debtor to the International Monetary Fund (IMF) once again, with its debt increasing by 35.3% in the second quarter of 2023. This surge is due to a $600 million bailout from the IMF aimed at revitalizing Ghana’s economy. As of July 31, 2023, Ghana’s outstanding …