11 h. ago Mahama orders reversal of Foreign Ministry land allocations – Ablakwa

The Minister of Foreign Affairs, Samuel Okudzeto Ablakwa, has announced that President John Dramani Mahama has directed the immediate reversal of all allocations and sales of land belonging to the ministry. He stated that the decision was taken to safeguard state assets and prevent further encroachment on public lands. In a Facebook post on Wednesday, […]

Politics

12 h. ago Gideon Boako breaks down Ghana’s debt contribution: NDC 43%, NPP 38%

The Member of Parliament for Tano North, Gideon Boako, has provided a breakdown of Ghana’s total public debt, attributing 43% to the National Democratic Congress (NDC) administration and 38% to the New Patriotic Party (NPP) government.

Events

24 h. ago Ghana’s Eurobonds drop as energy debt is projected to hit $9bn by 2027

Ghana’s Eurobonds fell sharply on Tuesday, 4th March 2025 ranking among the worst-performing assets in emerging markets.

Economics

52 h. ago Mobilise the funds as every gov’t has done to service our debts – Amin Adam to Mahama

Former Finance Minister Dr. Mohammed Amin Adam has challenged President John Dramani Mahama’s concerns over Ghana’s debt service obligations, urging him to mobilise funds as every government has done in the past to meet these commitments.

Politics

61 h. ago Ghana’s external debt restructuring to conclude early 2025; to lead to rating upgrade – Fitch

“Foreign currency deposits are significant, but non-resident deposits are negligible, which has reduced the banking sector's exposure to capital flight. The sovereign default is less the sum deposits migrating from smaller banks to perceived safer, larger foreign-owned banks, but we are not aware of any bank experiencing a deposit run”, he added.

Sport

5 d. ago Ghana’s Energy Debt Crisis Ignites Debate Over Privatization and Market Reforms

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/ghanas-energy-debt-crisis-ignites-debate-over-privatization-and-market-reforms/Ghana’s energy sector is teetering under a $3 billion debt burden, Energy Minister John Abdulai Jinapor revealed during his parliamentary vetting this week, sparking urgent calls for privatization and structural reforms to prevent systemic collapse. The staggering figure, compounded by $1.2 billion owed to independent power producers (IPPs), has exposed deep flaws in a state-dominated […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/ghanas-energy-debt-crisis-ignites-debate-over-privatization-and-market-reforms/

Economics

5 d. ago Ghana’s Cocoa Sector Reels as Contract Mismanagement Costs $4,000 Per Ton in Lost Revenue

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/ghanas-cocoa-sector-reels-as-contract-mismanagement-costs-4000-per-ton-in-lost-revenue/Ghana’s cocoa industry faces a staggering financial blow as outdated contracts and mounting debt force the Ghana Cocoa Board (COCOBOD) and local farmers to forfeit $4,000 in potential revenue for every metric ton of cocoa sold this season. President John Dramani Mahama revealed the crisis during his State of the Nation Address last week, attributing […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/ghanas-cocoa-sector-reels-as-contract-mismanagement-costs-4000-per-ton-in-lost-revenue/

Economics

5 d. ago Ghana’s debt situation frightening, Foreign Ministry arrears alone is GH₵453m – Ablakwa

inister for Foreign Affairs, Samuel Okudzeto Ablakwa, has raised serious concerns about Ghana’s escalating debt crisis and its impact on the country's foreign ministry and international obligations.

Politics

5 d. ago Power sector challenges deepen as Early Power threatens to cut supply over ECG’s $48.2m debt

Ghana’s power sector is facing renewed challenges as Early Power has threatened to cut its electricity supply due to the Electricity Company of Ghana’s (ECG) failure to settle an outstanding debt of $48,215,405.89.

Economics

5 d. ago Mahama’s Ambitious Recovery Plan Meets Skepticism Over Funding, Execution Risks

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/mahamas-ambitious-recovery-plan-meets-skepticism-over-funding-execution-risks/Ghana’s President John Mahama struck a somber yet resolute tone during his first State of the Nation Address since returning to office, acknowledging an economic crisis “worse than anticipated” while unveiling a sweeping four-year revival strategy. The speech, delivered to parliament on February 27, 2028, outlined plans to tackle a crushing GHC 721 billion debt […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/mahamas-ambitious-recovery-plan-meets-skepticism-over-funding-execution-risks/

Politics

5 d. ago Ghana’s Stalled Projects Pile Up GH₵15 Billion in Overruns as Debt Crisis Deepens

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/ghanas-stalled-projects-pile-up-gh%e2%82%b515-billion-in-overruns-as-debt-crisis-deepens/President John Mahama has laid bare the staggering financial toll of Ghana’s stalled infrastructure projects, revealing a GH₵15 billion cost overrun on 55 delayed initiatives amid a historic public debt crisis. In his first State of the Nation Address since returning to office, Mahama warned that debt defaults and restructuring failures have left the country […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/ghanas-stalled-projects-pile-up-gh%e2%82%b515-billion-in-overruns-as-debt-crisis-deepens/

Economics

5 d. ago Ghana’s Digital Dream Faces Debt and Red Tape, Mahama Vows Overhaul

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/ghanas-digital-dream-faces-debt-and-red-tape-mahama-vows-overhaul/President John Mahama has pledged a radical expansion of Ghana’s digital infrastructure, calling it vital to unlocking innovation, modernizing public services, and competing in Africa’s tech race—but admitted the plan must first confront a web of debt, outdated laws, and systemic gaps. During his State of the Nation address to Parliament, Mahama framed the digital […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/ghanas-digital-dream-faces-debt-and-red-tape-mahama-vows-overhaul/

Politics

5 d. ago Ghana’s Energy Sector Buckles Under Debt as Mahama Rolls Out Rescue Plan

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/ghanas-energy-sector-buckles-under-debt-as-mahama-rolls-out-rescue-plan/Ghana’s energy sector, saddled with a crippling GHS 70 billion debt, faces renewed turmoil as unpaid bills to power producers and deferred infrastructure maintenance threaten a return to the erratic blackouts known locally as dumsor. President John Mahama, acknowledging the “inherited crisis,” has launched a sweeping reform agenda to stabilize the sector, even as doubts linger […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/ghanas-energy-sector-buckles-under-debt-as-mahama-rolls-out-rescue-plan/

Politics

5 d. ago Foreign Ministry strengthens security frameworks to tackle global challenges

Ghana’s Minister for Foreign Affairs, Samuel Okudzeto Ablakwa, has reaffirmed the government’s commitment to strengthening security frameworks in response to pressing global challenges.

Politics

5 d. ago Our risk strategy shielded us from DDEP shocks – First Bank Ghana MD

Managing Director of First Bank Ghana, Victor Yaw Asante, has shed light on how his institution navigated the challenges posed by Ghana’s Domestic Debt Exchange Programme (DDEP) without suffering significant setbacks.

Events

5 d. ago NACI Commends Russia for Debt Relief to Africa, Calls for Broader International Support

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/naci-commends-russia-for-debt-relief-to-africa-calls-for-broader-international-support/In a bold statement released on February 28, 2025, the New African Charter International (NACI) praised Russia for its significant debt cancellation initiatives in Africa, while urging other creditor nations and multilateral institutions to follow suit. The organization highlighted the crippling impact of Africa’s debt burden on economic development, social services, and environmental sustainability, calling […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/naci-commends-russia-for-debt-relief-to-africa-calls-for-broader-international-support/

Politics

5 d. ago Karpowership Denies Role in Ghana’s Power Outages Amid Debt Negotiations with Government

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/karpowership-denies-role-in-ghanas-power-outages-amid-debt-negotiations-with-government/Karpowership Ghana has firmly rejected allegations linking its operations to recent electricity shortages, asserting that its floating power plants are running at maximum capacity to support the national grid. The company, responsible for supplying roughly 450 megawatts—equivalent to 10% of Ghana’s total power generation—insists its infrastructure remains fully operational despite mounting unpaid bills from the […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/karpowership-denies-role-in-ghanas-power-outages-amid-debt-negotiations-with-government/

Politics

5 d. ago Ghana’s Debt Crisis Deepens as Mahama Warns of “Broken” Economy

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/ghanas-debt-crisis-deepens-as-mahama-warns-of-broken-economy/President John Mahama delivered a stark appraisal of Ghana’s economic turmoil during his first State of the Nation Address (SONA) of his second term on February 27, 2025, declaring the country “broken on many fronts” due to unsustainable debt levels and systemic mismanagement. Speaking to Parliament, Mahama revealed that Ghana’s public debt has ballooned to […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/ghanas-debt-crisis-deepens-as-mahama-warns-of-broken-economy/

Events

6 d. ago Ghana’s Public Debt Soars to GH₵721 Billion as Key State Firms Collapse Under Debt

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/ghanas-public-debt-soars-to-gh%e2%82%b5721-billion-as-key-state-firms-collapse-under-debt/President John Mahama delivered a stark assessment of Ghana’s economy during his first State of the Nation Address of his second term, revealing a staggering public debt of GH₵721 billion alongside crippling liabilities in critical state-owned enterprises. Describing the nation as “broken on many fronts,” Mahama attributed the crisis to years of financial mismanagement, warning […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/ghanas-public-debt-soars-to-gh%e2%82%b5721-billion-as-key-state-firms-collapse-under-debt/

Economics

6 d. ago Mahama Pledges Economic Reset as Ghana Grapples with Record Debt, Inflation

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/mahama-pledges-economic-reset-as-ghana-grapples-with-record-debt-inflation/President John Mahama confronted Ghana’s dire fiscal realities head-on during his first State of the Nation Address (SONA) since reclaiming office, admitting the economy is “in crisis” but vowing aggressive reforms to stabilize it. With public debt soaring to GHȼ721 billion (approximately $60 billion) and inflation eroding purchasing power, Mahama outlined a recovery plan anchored […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/mahama-pledges-economic-reset-as-ghana-grapples-with-record-debt-inflation/

Economics