A Bloomberg study has ranked Ghana 2nd among countries with the highest debt default risk in 2022.
The country closely follows El Salvador (ranked number one) in the Sovereign Debt Vulnerability Ranking.
Ghana’s debt to Gross Domestic Product (GDP), according to Bloomberg, is estimated at 84.6% by the end of this year.
This indicates that the nation’s debt would have surpassed ¢400 billion by far before the end of 2022.
As of the first quarter of 2021, Ghana’s public debt had hit ¢391 billion (US$50.3 billion), the Bank of Ghana reported. As much as ¢40.1 billion was added to the debt stock, largely as a result of exchange rate fluctuation.
Together with Brazil, Ghana’s interest expense to GDP is projected to hit 7.2% in 2022, the highest among the 25 countries, captured by ...
Research conducted by an organisation called Promediation has revealed that more than 200 Ghanaians have been integrated into about four notorious jihadist groups operating in West Africa.
After undergoing training in the Sahel, these young recruits are sent back to their villages of origin to engage in religious proselytising, thereby posing a security threat to the country.
These jihadist groups could ultimately take root in certain locations in the northern regions of Ghana due to their ability to recruit local people who are trained to execute their orders.
“Ghana appears particularly exposed because of its proximity to the cascades region of Burkina Faso and northern Cote d’Ivoire. Indeed, the growing presence of katibas – in particular GSIM-JNIM – in the Cascades region duri...
“Look,” says President of World Athletics, Sebastian Coe, leaning towards his left side with a smile. His white upper teeth were visible, his hair upright as if the wind was blowing “athletics in Ghana has huge potential,” he adds.
The grin disappeared, drawing seriousness. A couple of minutes earlier, he was on a podium with a lectern before him.
It was at the Columbia Conference room at Valley River Inn hotel, Oregon. He delivered almost an hour of speech to member associations during a breakfast meeting, enumerating how everyone has a role to play to make the sport better.
https://youtu.be/-PCL8ail1DI
In that conversation, the vision of World Athletics for the next six years was spelled out in plain language to presidents of 100s of member associations.
“One...
Ghana’s national 100m record holder Benjamin Azamati, and 200m record holder Joseph Paul Amoah will fight for semifinal slots on the first day of the World Athletics championships. The men’s 100m begins on the opening day of the competition with preliminary round action at 12:30pm (GMT).
The most successful medalist in World Athletics Championships history (18), Allyson Felix, will be competing in her final World Championships.
Despite failing to qualify in her pet 400m event, trials secured her a discretionary pick to be on the mixed 4x400m relay.
The event which concludes the night could see Felix pick up a 14th World Championships gold of her career.
Two other finals are set for Day 1, in the women’s and men’s 20km race walks, which will finish at Autzen Stadium.
Joy Spor...
President Nana Akufo-Addo says 60 district courts, 60 bungalows for judges, and three new high courts for three of the six newly created regions will be commissioned before the start of the legal year in October.
According to him, government has taken note of the inadequate numbers of courts in various parts of the country, resulting in citizens travelling long distances to gain access to courts, and has decided to remedy this situation
Speaking at the swearing-in of 10 new High Court Judges on Monday at Jubilee House, the President stated that government, through the Administrator of the District Assembly Common Fund, is constructing 100 new courts and bungalows for Judges in all 16 Regions of the country.
They are broken down into the various Regions as follows – 20 courts a...
Member of Parliament for Suame, Osei Kyei-Mensah Bonsu says he is not worried over the conduct of agitated artisans and spare parts dealers at Suame Magazine who pelted him and his entourage with sachet water and other items.
A swift police intervention saved the MP, who is also Majority Leader and Minister of Parliamentary Affairs from being attacked by angry artisans at the Suame Magazine industrial hub over delays by the government in fixing the deplorable Suame Roundabout-Maakro stretch of the main Kumasi-Techiman Road which they say is not only hampering businesses but also threatening lives.
But Mr. Kyei-Mensah Bonsu in a media interview moments before he was whisked into a police vehicle said he is not worried over the conduct of his constitue...
Reports are that there is an anxious wait for food supplies in senior high schools across the country as students are hungry and forced to feed on the little available.
In barely 24 hours, Heads of second-cycle schools in the Eastern Region will be making a strong push for a shutdown. They insist running the schools has become a herculean task. The situation is not any different in other schools.
In the Upper West Region, schools are yet to receive the food items promised by the Ministry of Education.
Students at Wa Technical School expressed their frustration with the food shortage in an interview with JoyNews’ Rafiq Salam.
According to them, their studies have been affected as a result of the situation, adding that “most students have not even reported because of th...
The Ghana Health Service has confirmed the first cases of the Marburg Virus Disease, a highly infectious disease in the same family as the virus that causes Ebola.
It is only the second time the zoonotic disease has been detected in West Africa. Guinea confirmed a single case in an outbreak that was declared over on September 16, 2021, five weeks after the initial case was detected.
Previous outbreaks and sporadic cases of Marburg in Africa have been reported in Angola, the Democratic Republic of the Congo, Kenya, South Africa and Uganda. The WHO has reached placed neighbouring high-risk countries on alert.
Confirmation
The GHS confirmation comes after a World Health Organisation (WHO) collaborating centre laboratory in Senegal confirmed earlier results after two people who lat...
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Source: Myjoyonline
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