29 h. ago COCOBOD Settles GH¢2 Billion Debt Arrears as Cocoa Sector Regains Financial Stability

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/cocobod-settles-gh%c2%a22-billion-debt-arrears-as-cocoa-sector-regains-financial-stability/Ghana’s cocoa industry achieved a significant financial milestone as the state cocoa marketing board cleared GH¢2 billion in coupon arrears to bondholders, signaling renewed fiscal discipline in one of the country’s most critical export sectors. The Ghana Cocoa Board paid GH¢2 billion to holders of its restructured cocoa bills, now classified as bonds under the […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/cocobod-settles-gh%c2%a22-billion-debt-arrears-as-cocoa-sector-regains-financial-stability/

Economics

3 d. ago Ghana Banks Face Mounting Bad Debt Crisis Following Sovereign Default

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-banks-face-mounting-bad-debt-crisis-following-sovereign-default/Ghana’s banking sector continues struggling with deteriorating loan portfolios more than two years after the country’s sovereign debt restructuring, highlighting the persistent challenges facing the financial system. Non-performing loans reached 21.8 percent of total bank lending by December 2024, reflecting ongoing stress from the government’s 2022 debt crisis. The situation has worsened significantly from pre-default […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-banks-face-mounting-bad-debt-crisis-following-sovereign-default/

Events

2 w. ago Nigeria’s Telecoms See US$1 Billion Investment Surge After Price Rises

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/nigerias-telecoms-see-us1-billion-investment-surge-after-price-rises/A controversial decision to raise phone call and data prices in Nigeria is paying an immediate dividend. Since approving a 50 percent tariff increase in January, the country has seen more than a billion dollars flow into its telecom infrastructure, ending years of severe underinvestment. According to the head of the communications commission, Aminu Maida, […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/nigerias-telecoms-see-us1-billion-investment-surge-after-price-rises/

Economics

2 w. ago Hong Kong Developers Brace for US$7 Billion Debt Cliff as Defaults Mount

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/hong-kong-developers-brace-for-us7-billion-debt-cliff-as-defaults-mount/Hong Kong’s property sector faces a reckoning as developers scramble to address a wave of bond maturities set to surge to $7.1 billion in 2026 a 67% jump from this year. The pressure intensifies as collapsing valuations and weak sales squeeze refinancing options, with Road King’s recent coupon default signaling deeper trouble ahead. Smaller firms […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/hong-kong-developers-brace-for-us7-billion-debt-cliff-as-defaults-mount/

Economics

3 w. ago World Bank Warns Mounting Debt Threatens Ghana’s Cocoa Sector

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/world-bank-warns-mounting-debt-threatens-ghanas-cocoa-sector/The World Bank has raised urgent concerns over the Ghana Cocoa Board’s (COCOBOD) financial stability, warning that rising debt and operational inefficiencies could destabilize the country’s vital cocoa industry. Despite soaring global cocoa prices, Ghana’s production remains low, with COCOBOD struggling under significant arrears to suppliers and costly “quasi-fiscal operations” outside its core mandate. In […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/world-bank-warns-mounting-debt-threatens-ghanas-cocoa-sector/

Events

3 w. ago Nigeria approves $2.6bn electricity sector debt refinancing plan

Nigeria has approved a phased plan to refinance 4 trillion naira ($2.61 billion) in electricity sector debt to help stabilise the nation's ailing power industry and improve supply, its finance minister said.

Economics

3 w. ago US approves potential sales of munitions, bombs and rockets to Nigeria

The U.S. State Department has approved potential sales of munitions, precision bombs and precision rockets to Nigeria for an estimated cost of $346 million, the Pentagon said on Wednesday.

Events