General News Politics

‘Dangerous! Debt exchange program could wipe out middle class’ – Majority Leader

1,823  Majority Leader Osei Kyei Mensah Bonsu warns that involving bondholders without further consultations could wipe out the middle class and will spell doom for the country. “What we talking about is that many of these bondholders also belong to the middle class and that’s where the major worry is. “If we are wiping away […]

General News Politics

Akufo-Addo sacks Deputy CEO of Northern Development Authority

1,827  President Akufo-Addo has terminated the appointment of Patrick Seidu as Deputy Chief Executive Officer of the Northern Development Authority. His dismissal takes effect from March 21, 2023. “You are expected to comprehensively hand over your duties and any official property in your custody to the Chief Executive Officer of the Northern Development Authority before […]

General News Politics

Bondholders to lose 88.2% of investments at current inflation rate – Ghana Individual Bondholders Forum

1,807  The Ghana Individual Bondholders Forum has hinted that bondholders will lose about 88.2% of their investments at the current inflation rate if the government goes ahead and include individuals in the Domestic Debt Exchange programme. According to the Forum, the bondholders will however lose 71% of their investments when discounted at current Treasury bill […]