Standard Charted Bank has warned Ghana risks running into serious financial distress unless urgent spending cuts are made by government.
In its Africa Focus report, the bank says "A rapidly weakening currency and higher yields on domestic and external debt are symptoms of Ghana’s increasing financial distress."
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Tree planting is everyone’s business
16 minutes -
Kinshasa to host first World Music and Tourism Festival, celebrating rumba
2 hours -
Today’s Front pages: Friday, June 27, 2025
2 hours -
Kamal Deen Sulemana agrees deal with Atalanta
3 hours -
COVID-19 remains a threat – GHS cautions public
3 hours -
Renewed clashes in Nkwanta South leave one dead, several injured
3 hours -
Delay not intentional, let’s maintain good faith – Ayew Afriyie appeals to GRNMA
3 hours -
Ghana makes significant improvement in the 2025 World Competitiveness Report
3 hours -
Local Government Ministry to pilot 24-Hour Economy market
3 hours -
Parliament restores July 1 as Republic Day holiday
3 hours -
Global Summit: World leaders recommit to immunisation amid global funding shortfalls
3 hours -
No further postponements after July 10 – GRNMA warns
3 hours -
US-based Ghanaian petitions Acting CJ over alleged judicial misconduct in land dispute
3 hours -
Farmer punished for stealing assorted items from students
3 hours -
Telecel Ghana expands community footprint in Kumasi with 3 new shops
4 hours