Ken Ofori-Atta holds press briefing on the economy

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A press conference is being held by the Ministry of Finance to give an update on the Ghanaian economy.

Ken Ofori-Atta holds press briefing on the economy

This follows a staff-level agreement between Ghana and the IMF on December 13 for a sum of US$3 billion under an Extended Credit Facility covering a three-year period.

The government of Ghana has stated that it will stop making any debt service payments related to some categories of the country’s external debt component, even though the agreement is contingent on IMF Management and Executive Board approval and receipt of the necessary financing assurances from Ghana’s partners and creditors.

While some observers have characterised the action as Ghana effectively defaulting on its external debt, the government has defended the move as an intermediate emergency measure pending further agreement with the appropriate creditors.

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Prince Tagoe was remanded in detention after George Boateng allegedly lost $40,000 through fraud.

Wed Dec 21 , 2022
Spread the loveTweetFormer Ghanaian striker Prince Tagoe has been detained by police after being accused of scamming George Boateng, the assistant coach of the Black Stars, of $40,000. Prince Tagoe remanded in custody for allegedly defrauding George Boateng of $40,000 Despite entering a not guilty plea, the 36-year-old was remanded […]
Prince Tagoe was remanded in detention after George Boateng allegedly lost $40,000 through fraud.
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