Bussiness
Six-year period for debt sustainability will drag out debt service burden – Bright Simons
Vice President of IMANI Africa, Bright Simons says government’s plans of using a period of six years to restore debt sustainability throws into question the truth about the IMF negotiations reaching advanced stages.
“Six yrs is of course twice the duration of an IMF program. And using 6 yrs to restore debt sustainability means dragging out the debt service burden. These sound like opening gambits in a negotiation. Will make many analysts doubt that the talks are “advanced” as he says,” Bright Simons tweeted last night.
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His comment follows the President’s assurances of government’s efforts to reduce the total public debt to GDP ratio to some fifty-five percent (55%) in present value terms by 2028.
To restore and sustain debt sustainability, the servicing of the country’s external debt is pegged at a minimum of eighteen percent (18%) of annual revenue by 2028, President Akufo-Addo said in an address to the nation on the economy last night.
But Bright Simons argued the government’s negotiation posture at the IMF is problematic.
“The govt wants to use 6 yrs to fix its unsustainable debt & doesn’t want debt restructuring? he questioned.
Meanwhile, President Akufo-Addo has assured all Ghanaians that no individual or institutional investor, including pension funds, in Government treasury bills or instruments will lose their money, as a result of the ongoing IMF negotiations.
“There will be no “haircuts”, so I urge all of you to ignore the false rumours, just as, in the banking sector clean-up, Government ensured that the 4.6 million depositors affected by the exercise did not lose their deposits.”
Source: Starrfm.com.gh
Bussiness
Global Market Volatility: Gov’t absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol
Effective Thursday, April 16, 2026, which is the next pricing window, the Government will absorb GH¢2.00 per litre on diesel and GH¢ 0.36 per litre on petrol.
This intervention is intended to cushion customers and ease the cost burden on households, transport operators, and businesses.
The measure, approved by Cabinet, is in response to rising prices of petroleum products on the international market, which have significantly impacted ex-pump prices in Ghana.
This temporary intervention will remain in force for a period of one (1) month.
During this period government will continue to closely monitor developments in the global oil market and assess the need for further policy adjustments.
A statement signed by Minister of Government Communications, Felix Ofosu Kwakye noted that they remain commited to maintaining price stability, protecting livelihoods, and supporting Ghana’s economic recovery in the face of external shocks.
Ghana’s gold and minerals sector is set for a major spotlight as Meetings. Co, in partnership with key industry stakeholders, announces the Mining & Minerals Convention 2025, scheduled from August 26-27, 2025, at the Kempinski Hotel Gold Coast City, Accra.
Held under the theme “Shaping the Future of Ghana’s Gold Industry,”‘ the Convention will convene government leaders, regulators, miners, refiners, investors, sustainability partners, innovators, and responsible mining, and global competitiveness,policy experts to explore strategies that position Ghana’s gold industry for long-term growth.
The two-day convention will feature presidential and ministerial keynote addresses, industry thought leadership, technical paper presentations, policy dialogues, fireside chats, exhibitions, and high-level networking sessions.
Convention delegates can anticipate a dynamic and insightful experience, marked by thought leadership from leading policymakers and regulators, in-depth discussions on key topics such as sustainability, ESG, digital gold, and responsible sourcing, as well as valuable opportunities to forge public-private partnerships and investment deals.
Moreover, the event will offer practical action points aimed at unlocking greater economic value for Ghana.
The 2025 edition will be supported by a strong coalition of strategic partners, including the Ministry of Lands and Natural Resources, the Minerals Commission, GoldBod, the Minerals Income and Investment Fund (MIIF), and the Ghana Extractive Industries Transparency Initiative (GHEITI).
