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Browsing: Ghana President
- The Ghanaian parliament has approved a proposal by the government to borrow up to US$750 million from Afreximbank
- A seven-year portion of the loan is broken up into two parts: one for US$102.19 million with an interest rate of 6.49 per cent overall, including fees, and another for 101 million dollars with a rate of 9.55 per cent overall
- In June, Finance Minister Ken Ofori-Atta requested parliament to accelerate the authorisation of the loans
The Ghanaian parliament has authorised a proposal by the government to borrow up to US$750 million from the African Export-Import Bank for the 2022 budget.
In June, Finance Minister Ken Ofori-Atta requested parliament to accelerate the authorisation of the loans.
However, differences have held up the process even though the country faces skyrocketing inflation, lacklustre economic growth and a tumbling local currency.
The vote by the deadlocked parliament eliminates a significant obstacle for the government of …