Ghana

Finance Ministry Is Working To Settle $140M Trafigura Debt -Ghana’s High Commissioner To UK
02 Nov

Finance Ministry Is Working To Settle $140M Trafigura Debt -Ghana’s High Commissioner To UK

wontumionlineBusiness,
Ghana’s High Commissioner to the UK and Ireland, Papa Owusu-Ankoma has revealed that the Ministry of Finance has made some significant progress towards reaching a settlement for the $140 million Judgment Debt due Singaporean Commodity Trading firm Trafigura. Mr. Owusu Ankomah stated that one of Ghana’s properties, the Regina House which is used for commercial purpose, and has been attached by Trafigura, will not be sold to defray part of the debt. “We will not get to that stage where these assets will be sold to defray the debts, because of progress made on reaching a settlement”, he stressed. He…
Read More
IMF, World Bank Work To Accelerate Debt Treatment For Ghana, Others Under G20
17 Oct

IMF, World Bank Work To Accelerate Debt Treatment For Ghana, Others Under G20

wontumionlineBusiness, ,
The International Monetary Fund (IMF) and World Bank are working together to accelerate debt restructuring for Ghana and other countries under the Group of 20 (G20) Common Framework. Kristalina Georgieva, Managing Director, IMF said this during a plenary meeting at the 2023 IMF/WGB Annual Meetings in Marrakech. “The IMF and the World Bank are bringing all relevant creditors and debtors together with promising signs,” the IMF Managing Director said. She explained that the two global financial institutions were doing so because the progress of the Common Framework on delivering on debt restructurings had been slow. The move is one of…
Read More
Ghana, Sri Lanka Have Advanced With G20 Common Framework For Debt Treatments – IMF Boss
16 Oct

Ghana, Sri Lanka Have Advanced With G20 Common Framework For Debt Treatments – IMF Boss

wontumionlineBusiness, , ,
The Managing Director of the International Monetary Fund, Kristalina Georgieva, has hinted that Ghana and Sri Lanka have advanced with the G20 Common Framework for Debt Treatments. This should soon pave the way for a probable agreement with the bilateral creditors for the external debt restructuring. Finance Minister, Ken Ofori-Atta, has, already indicated that Ghana will conclude negotiations with its bilateral creditors including China by the end of the year. Speaking at a press briefing to climax the World Bank/IMF Spring Meetings in Marrakesh, Morrocco, Ms. Georgieva said her outfit has made progress on debt resolution for countries in debt…
Read More
Ex-Defender Backs Stars To Win 2023 AFCON
13 Oct

Ex-Defender Backs Stars To Win 2023 AFCON

wontumionlineSports, , ,
Former Black Stars defender, Lee Addy has backed the team to win the 2023 Africa Cup of Nations (AFCON) next in Ivory Coast. “It has been a long time since Black Stars won the AFCON title, therefore I’m hoping this time management and players will get things in order so we can lift the trophy,” he said. Ghana have discovered the group phase opponents after the much-anticipated draw was held in Abidjan on Thursday evening. The Black Stars have been paired in Group B alongside Cape Verde, Egypt and Mozambique Lee Addy Reacting to this, Lee Addy in an interview…
Read More
AFCON 2023: Ghana Could Be Put In Same Group With Algeria, Senegal Or Egypt In Tonight’s Draw
12 Oct

AFCON 2023: Ghana Could Be Put In Same Group With Algeria, Senegal Or Egypt In Tonight’s Draw

wontumionlineSports,
Ghana’s Black Stars will know their opponents for the 2023 Africa Cup of Nations (AFCON) when the draw for the competition is held on Thursday, October 12. The Black Stars, who will be looking to end their over 40-year AFCON drought, have been placed in Pot 2, alongside, Nigeria, Cameroon, Mali, Burkina Faso and DR Congo. There are four posts containing six teams each. A team from each pot will be drawn and spread out from Groups A to F. This will conclude with 6 groups of four teams each representing each pot. Ghana will have to contend with one…
Read More
Ghana Is One Of The Best Places To Do Business In Africa – CWEIC
09 Oct

Ghana Is One Of The Best Places To Do Business In Africa – CWEIC

wontumionlineBusiness,
Talk to anybody in the know about Africa, and you’ll soon find that Ghana is internationally recognised as one of the best places to do business on the continent. As the country continues its post-Covid recovery, international investors are increasingly interested in Ghana’s traditionally lucrative agriculture and mining industries, as well as the emergence of a robust and complementary services sector. However, strong domestic growth must be paired with a network of international connections. Ghanaian exporters would benefit from greater access to international markets, while greater foreign direct investment could be key to taking many businesses to the next level.…
Read More
Ghana Face Liberia In Friendly Match In Accra On Tuesday
12 Sep

Ghana Face Liberia In Friendly Match In Accra On Tuesday

wontumionlineSports,
Ghana will play Liberia in a friendly match at the Accra Sports Stadium on Tuesday afternoon, with kickoff scheduled for 4 p.m. local time. The Black Stars enter the game with high spirits following their recent victory over the Central African Republic in Kumasi. In that match, the Central African Republic posed a significant challenge initially, threatening to deny Ghana a spot in the upcoming Africa Cup of Nations. However, Ghana’s Right to Dream Academy graduates, Mohammed Kudus and Ernest Nuamah, turned the tide with two crucial goals, securing a victory and Ghana’s 10th consecutive AFCON qualification. Now, all eyes…
Read More
Dr. Bawumia Has Changed The Face Of Politics In Ghana- Awal Mohammed
07 Sep

Dr. Bawumia Has Changed The Face Of Politics In Ghana- Awal Mohammed

wontumionlineFeatured, News, Trending, ,
A communications team member of the governing New Patriotic Party (NPP), Awal Mohammed has described Vice President Dr. Mahamudu Bawumia, as a pacesetter and a grassroot candidate. According to him, Dr. Bawumia has changed the face of Ghana politics since he became a politician in 2008. He told Kwaku Dawuro on Movement In The Morning show on Movement TV that Dr. Bawumia is not an established candidate but grassroot candidate, who started campaigning for his Presidential ambition a long while ago and not just last year, as some people are asserting. "If you want to become a President, you start…
Read More
Ghana And Columbia Sign MOUs To Consolidate Partnerships
07 Sep

Ghana And Columbia Sign MOUs To Consolidate Partnerships

wontumionlineNews,
Vice President Mahamudu Bawumia says Ghana’s decision to join the Pacific Alliance as an observer holds a lot of prospects for the country especially in the area of culture and tourism and also it will help Ghana build a strategic alliance with the Carribean. He indicated the move to become an observer has been approved, waiting Parliament’s ratification. Dr Bawumia made these remarks when he welcomed the Vice President of Columbia, Francia Elena Marquez Mina who is on a two-day visit to Ghana. Dr Bawumia said Ghana and Columbia have initiated several Memorandum of Understandings over the years and Ghana…
Read More
COCOBOD Pegs Participation In Exchange Programme At 97% With Over ¢7Bn Bills Tended
30 Aug

COCOBOD Pegs Participation In Exchange Programme At 97% With Over ¢7Bn Bills Tended

wontumionlineBusiness,
The Ghana COCOBOD has pegged participation in its Debt Exchange Programme at 97 percent with over ¢7 billion worth of bills that has been tended. This was after the programme ended last Friday August 25, 2023. COCOBOD in July this year launched its Cocoa Bills Exchange Programme to restructure almost ¢8 billion worth of debts. COCOBOD, however maintained that settlements will now be done on September 4, 2023 instead of Thursday August 31, 2023. “We refer to the debt securities exchange programme launched by the Ghana Cocoa Board (“COCOBOD”) on 14th July 2023 (the Exchange Programme). COCOBOD announces today the…
Read More