Presenting the West African nation's 2023 budget in parliament, Ofori-Atta said Ghana was at high risk of debt distress and has agreed on a debt management strategy with the International Monetary Fund .
Investment bank Morgan Stanley said on Thursday that it expected Ghana to restructure both its domestic and external debt. He said the depreciation of the cedi was "seriously affecting" Ghana's ability to manage its public debt, which has increased to $48.9 billion this year."The good news is that all revenue measures are in line with what the IMF would have wanted," said Razia Khan, chief economist for Africa and the Middle East at Standard Chartered.BAN USE OF GAS-GUZZLERS
The government will also ban the use of V8 and V6 engine vehicles and extend a 50% reduction on fuel allocations and a ban on non-essential travel.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Portugal shadowed by Ronaldo as they take on GhanaThe ageing captain's media presence takes spotlight off the team
Source: BDliveSA - 🏆 12. / 63 Read more »
Ghana Head Coach Issues Blunt Response To Clubless Ronaldo Controversy | Soccer Laduma😳 With Portugal captain Cristiano Ronaldo having just parted ways with Manchester United, Ghana head coach Otto Addo delivered a frank answer while responding to the controversy surrounding their soon-to-be 2022 FIFA World Cup opponent. SLInt MORE:
Source: Soccer_Laduma - 🏆 22. / 63 Read more »
CORRUPTION CREEP OP-ED: Ghana needs truthful and accountable leadership to save its economyGhana has reached a rather unsavoury inflection point; one that is almost as serious as that experienced by Sri Lanka when a popular uprising overthrew the government. What? Truthful and accountable leadership in Africa? Most counties can’t manage that . . . and we won’t even mention the USA! I thought Ghana had become different
Source: dailymaverick - 🏆 3. / 84 Read more »
Ghana Star Makes Admission After Allegiance Switch | Soccer LadumaAfter deciding to make himself available for Ghana despite being born in Spain, Inaki Williams has made a big admission following his international allegiance switch ahead of the 2022 FIFA World Cup. Good decision, he's Ghanaian through and through
Source: Soccer_Laduma - 🏆 22. / 63 Read more »
Ghana digitised address system: Why it failed and lessons learntGhana digitised address system: Why it failed and lessons learnt Smart urbanism is about using digital technologies to address urban problems - something Ghana tried to do.
Source: TheSAnews - 🏆 25. / 59 Read more »
Newsday - Twitter employees in Ghana cry foul over dismissals - BBC SoundsTwitter has agreed to “come to the table” and negotiate, after employees in Ghana rejected a severance package. They are arguing that Elon Musk’s company has failed comply with the West African nation’s labour laws. 🎧 Like it or hate it these white colored people See's African as slave and I do not believe it will ever end, African rich people wise up interesting The missing word is 'to' reasonitwell
Source: BBCAfrica - 🏆 23. / 61 Read more »