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From in debt to indestructible, an impoverished man’s transformation

Wang Yujin, a villager from Shanghuang Village in northwest China's Ningxia Hui Autonomous Region, is busy getting loans from local banks. He wants a...

Namibian public debt rises to US$3.4 billion

Namibia's domestic public debt increased by 315.8 percent over a decade to 3.4 billion U.S. dollars at the end of November, according to a...
women business

NEIP Calls For Proposal For Business Support Programme

The National Entrepreneurship Innovation Plan (NEIP) has opened its first call of proposal from prospective applicants or businesses to enter application for its flagship...
IMF

Gambia sees sharp decrease in treasury bill rate

The International Monetary Fund (IMF) said Tuesday that Gambia has experienced sharp decrease in treasury bill due to budget support. "The debt service to the...

AMERI Politics Causes VRA US$11.5 Million Monthly

The nation has once again been plunged into the AMERI Power Project controversy with a stiff political stand-off between the former NDC administration which...
debt

Middle class “craze” pushes some Kenyans into debt

By Kenya's middle-class standards, Bob Otieno fits this definition well-- he has a car and lives in one of Nairobi's leafy suburbs. Like many other...
Telcos

Telecom Namibia sees increasing overdue debt since january

Namibia's telecommunications service provider, Telecom Namibia, is owed around 30.2 million U.S dollars by its customers and the overdue debt has been increasing in...
Prisons Service

Ghana Prisons Service Slapped with a GH¢43m Debt

The Service has been in arrears since last year due to the delay in the release of funds. The Ghana Prisons Service is worried about...

Journalists to rise up against APC over unpaid Adverts debts

Journalists covering the ruling All Progressives Congress (APC) have said that they will embark on a massive protest against the National Working Committee (NWC)...
GDP

Ghana’s Debt to GDP, Debt Stock and Other Matters Arising

In 2016 the issue about debt stock and debt to GDP ratio were important part of public financial and economic management discourse in...

Skye Bank’s liquidity is stabilized, MD says

Skye Bank’s liquidity position and prime brokerage deposits have stabilized in recent weeks as it has successfully implemented cost management initiatives which has enhanced liquidity...
SIC Insurance

Ivory Finance Boss exposes the truth over SIC GH₵550 million debt

The Executive Chairman of Ivory Finance Company Limited, Emmanuel Adu Sarkodee has described claims that SIC Insurance Company Limited has paid GHC91million to Ivory...
debt

Debt management efforts must be reconsidered – ISSER

It alarmed of risks that may disrupt the attainment of the 2016 budgetary targets as well economic policies objectives as well as medium-term goals. The...
Nigeria and IMF

Nigeria drowns more in dept as it falls on WB, China & Japan

The federal government Thursday said it had approved an external borrowing plan of Low cost, long-term loans (1.25% interest, 20yr tenor)" from the World...

Kinross Gold Settles Its Debt

Canadian-based senior gold mining company Kinross Gold Corporation, which has mines and projects in Ghana, the United States, Brazil, Russia, Mauritania and Chile has...
debt

DR Congo pledges to clear Zambia electricity debt

The DR Congo owes Zesco Limited 13.5 million U.S. dollars in electricity arrears, a situation that forced the power utility to discontinue electricity supply...
VRA

VRA Needs GHC300 million to offset its debts

The government through an effort to raise funds to help defray part of the Volta River Authority (VRA) debt owing to its suppliers is...

VRA in debt of $350 million to Ghana Gas

As a result of VRA’s indebtedness, he said, it had failed to service the Chinese Development Bank loan facility it secured for the construction...
Chief Executive Officer for Tullow Ghana Limited, Charles Darku

Tullow Ghana owes GRA US$76,434.5 over Surface Rental

Oil giant and a lead partner in the country’s Jubilee oil fields, Tullow Ghana Limited according to the 2015 Public Interest and Accountability Committee...
AFP/File / Wang Zhao Reports suggest Chinese authorities should accelerate reforms, allow migrant workers to settle in cities to expand demand, and further cut taxes

China Advised To Turn off Taps Of Credit-driven Growth

The prominent article, in question-and-answer format, started on the front of the broadsheet paper and took up the entirety of page two. China's Communist authorities...

Can Africa Benefit From Eurobond Boom For Long?

The governments of African countries facing dwindling levels of foreign aid are on a borrowing spree to fund new roads, power stations and other...

Ghana’s Debt-to-GDP Ratio To Hit 74% By 2016 Ending

Speaking at a press conference on the release of the April 2016 Fiscal Monitor in Washington DC, Abdelhak Senhadji, Deputy Director of the Fiscal...
Zimbabwe's economy is fragile and it does not have its own currency

Zimbabwe says to clear arrears to multilateral creditors by June

Zimbabwe last year struck a deal to clear the 1.8 billion U.S. dollars arrears to multilateral creditors -International Monetary Fund, World Bank and the...

RLG paid its debt to government in Full

Samuel George said on Joy FM/Multi TV Saturday news analysis programme, Newsfile, RLG and another AGAMS Group subsidiary, Asongtaba Contage Industry and Exchange Programme...
dollars

Kenya’s dollar reserves drop as inflows from debt market decline

The dollar reserves have gone down from 6.9 billion U.S. dollars or 4.4 months of import cover at the start of this month to...

Kenya bourse rebounds as yields at debt market fall

Trading at the Nairobi Securities Exchange (NSE) is on an upward trend as share prices gain, pushing up key indices of the market. Market...
President John Dramani Mahama

Were you asleep when the loans were being approved?’… Mahama

President John Mahama in rapping his “changing lives” tour has debunked allegations of misuse of the country’s money, especially loans it has secured since...
Marietta-Brew-Appiah-Oppong2

Finally, public funds inquiry white paper released

Mrs Marietta Brew Appiah-Oppong, Attorney General and Minister of Justice has presented a white paper on the report of the Commission of Inquiry into...

Omanhene defends excessive government debt

He explained that there was clear evidence that loans contracted by the government were being used judiciously, for which reason the government must be...
GWCL

Government debt to GWCL affecting smooth operations

The Acting Regional Chief Manager, Ms Janet Atebiya, disclosed this to the GNA during the celebration of the 50th Anniversary of the...