Professor Williams Peprah Archives

25 Sep

Lobby External Creditors To Accept A Significant Haircut To Reduce Ghana’s Debt – Peprah

wontumionlineBusinessOfficial Creditor Committee, Professor Williams Peprah, Public Debt

Associate Professor of Finance at Andrews University, Michigan, USA, Williams Peprah, has urged the government to lobby the Official Creditor Committee to secure a better deal in order to help reduce the country’s external debt significantly. According to him, Ghana’s debt problem is due to the high foreign denominated debt, which is impacted by exchange rate losses. The country’s public debt went up by ¢6.3 billion between April 2023 and June 2023 to ¢575.5 billion. Professor Peprah told Joy Business, government must ensure the foreign creditors agree to significant haircut in order achieve the target for the debt restructuring. “Ghana’s…

09 May

We Must Have Empathy; Seek Funding From T-bills Market To Settle Pensioner Bondholders – US Based Associate Professor

wontumionlineBusinessPensioner Bondholders, Professor Williams Peprah, T-Bills

Associate Professor of Finance at Andrews University in the USA, Professor Williams Peprah, has urged the government to seek funding from the Treasury market to settle matured investments – coupons and principal of the Pensioner Bondholders, saying, the calls for their investments to be settled must be treated with urgency because of their age. He, however, suggests that, if settling both the coupon and principal investments will be a challenge, then the government should focus on paying solely the coupons in the interim. “The suggestion by the pensioners is valid. Government can decide to swap some of these coupons and…

13 Feb

BoG Must Be Blamed For High Inflation – Professor Williams Peprah

wontumionlineBusinessAndrews University, BoG, Inflation, Professor Williams Peprah

US-based Associate Professor of Finance at Andrews University in Michigan USA, Williams Kwasi Peprah, has accused the Bank of Ghana for high inflation in the country. The Bank of Ghana has justified financing of the government’s 2022 budget with about ¢44.5 billion. In a statement, the Central Bank said its financing of government was part of a crises management tool used in dealing with the difficulties of 2022. “It must be recognised that the ongoing debt operations are part of the corrective measures designed to address the financing problem of the budget. Bank of Ghana financing was part of a…

20 Dec

External Debt Repayment Suspension: We Must Be Careful Not To Lose Recent Cedi Gains – Prof. Peprah

wontumionlineBusinessExternal debt suspension, ministry of finance, Professor Williams Peprah

Associate Professor of Finance at Andrews University, Professor Williams Peprah, is warning of the erosion of recent gains by the cedi if the government does not tread cautiously on negotiations of new terms with creditors of external debt. Government today, December 19, 2022, announced the suspension of Eurobonds and other external debt payments as part of its debt restructuring programme. This suspension, it said in a statement from the Ministry of Finance, will not include the payments of multilateral debt, new debts (whether multilateral or otherwise) contracted after December 19, 2022 or debts related to certain short term trade facilities.…