South Dayi Member of Parliament Rockson Nelson Dafeamekpor has said the government has not been able to provide data on the actual number of investors involved in the Domestic Debt Exchange Programme. He questioned the source of the government’s claim that the programme has reached 80 per cent participation. The Minister of Finance, Ken Ofori-Atta, had targeted over 80 percent participation amid agitations ...

Former Chief Justice Sophia Akufo has fired back at the President’s cousin, Gabby Asare Otchere-Darko, describing him as a “disturbance.” The former CJ who picketed the Finance Ministry again on Tuesday said she is busy with life and “I don’t have time for things like that. People like that are not important to me or my life…” She said Mr ...

Former Chief Justice Sophia Akuffo says the President’s cousin, Gabby Asare Otchere Darko, can call her paranoid regarding the Domestic Debt Exchange Programme (DDEP) but she cares less. She does not appear satisfied with the justifications given by the Finance Ministry for the inclusion of pensioners in the debt exchange programme. Madam Akuffo is back at the premises of the ...

Individual pension bondholders have questioned the propriety of the government’s decision to exclude the pension funds of prospective retirees from the Domestic Debt Exchange Programme while refusing to exempt those of individuals who are already retired. Speaking on Joy FM’s Super Morning Show, a retired Civil Engineer, Ing. Seth Ahene called for the same exception to be given individual pension ...

A Financial Analyst, Mr Joe Jackson has observed that the Bank of Ghana’s (BoG) financing of the 2022 budget of the government contributed to the high inflation rate. “When the BoG finances the government in a way it did, that effect is very inflationary. Whiles, you were doing that, you were actually adding to the inflationary part of the economy. ...

Government is said to have achieved more than the 80% target needed for the Domestic Debt Exchange Programme (DDEP). The programme is part of the requirements before Ghana can secure an economic bailout of about $3 billion from the International Monetary Fund (IMF). Some persons close to the team who worked on the programme told Joy Business the target was ...

For retired Medical Doctor, Dr Samuel Quaye, buying government bonds a year ago was a prudent way to invest his money. The retiree who has failing health believed that when his principal matured, he would have enough funds to facilitate the medical help he needed. However, his optimism was short-lived when the government announced its decision to undertake a Domestic ...

A financial analyst, Johnson Annan has called on Ghanaians to ignore the commentaries by the Director of Research at the Institute of Economic Affairs (IEA),Dr. Kwakye and others who have criticized the Bank of Ghana(BoG) for supporting government expenditure in 2022. The BoG received flak from critics including Dr Kwakye who said the central bank’s action was wrong. But Mr ...

Regular readers would recall a recent tweet about whispers floating around Accra’s political alleys about the role of fixers and go-betweens in Ghana’s Vice President’s vaunted “Gold for Oil” initiative. A bit earlier, we explored the merits and prospects of the whole Gold for Oil program in some detail. When the above tweet was made, the Chamber of Bullion Traders, a gold ...

The Ghana Football Association has appointed Chris Hughton as the new head coach of the Black Stars following extensive deliberations between the two parties. The decision to appoint Hughton comes following the resignation of Otto Addo as the team’s head coach after Ghana’s exit from the 2022 FIFA World Cup in Qatar. Addo was head of the team with assistance ...