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DDE: Banks secure 5% coupon for 2023; other revisions
The government has revised some terms of its Domestic Debt Exchange Programme (DDEP) following discussions with the Ghana Association of Banks. Hitherto, the new bonds under the programs were not to accrue any interest until 2024, starting at 0% coupon in 2023 which steps up to 5% in 2024 and 10% from 2025. But after […]
Ghana bags $696.8m from oil receipts in second-half of 2022
Ghana bagged $696.815 million from oil lifting, corporate tax and other income in the second-half of 2022, the Ghana Petroleum Funds report has disclosed. About $492.186 million was secured from oil lifting between July 2022 and December 2022. In all, five liftings took place with the Sixty-sixth Jubilee recording the highest amount of $119.83 million. […]
Adjust fiscal measures and save ¢83.5bn; don’t touch our funds – IBF to government
The Individual Bondholders Forum (IBF) has proposed some fiscal measures it say can help government save ¢83.5 billion, insisting the Ministry of Finance must not touch their funds. According to the group, government can save ¢20 billion from privatizing selected State Owned Enterprises to Tier-2 pension funds to drive efficiency and productivity. “The measures proposed, […]