Ghana received “overwhelming” participation and support from its international bondholders to restructure $13 billion of eurobonds, a key step marking the conclusion of the West African nation’s debt rework. Over 90% of bondholders agreed to a debt exchange following a consent solicitation, paving the way for the government to issue new bonds to investors to replace existing ones, the government said in a statement Thursday. Investors will swap their securities for new notes on or around Oct. 9, with the complete settlement process expected to be finalized shortly thereafter, according to the statement. Ghana Bondholders Overwhelmingly Support Debt Restructuring -…
Author: Wilhelmina Antonniette Bartels
Ghana will exit a debt default after the west African nation completed a restructuring of $13bn in US dollar bonds, paving the way for a return to global capital markets almost two years after an economic crisis forced it to suspend debt repayments. Almost all bondholders voted to exchange their bonds for new debt worth $4.7bn less, lowering Ghana’s debt bill by more than $4bn in the next two years, the government said in a statement on Thursday. “Today, our economy has turned a corner,” President Nana Akufo-Addo, who is stepping down in the elections after two terms, said in…
B5 Plus Limited continues to solidify its position as a leader in the steel manufacturing industry with its recent accolade at the 2023 Chamber Business Awards. Organized by the Ghana National Chamber of Commerce & Industry (GNCCI), the event serves to honor and recognize companies that have demonstrated outstanding contributions to their respective industries. The award, which was presented in the category of Manufacturing – Steel Production, highlights B5 Plus Limited’s unwavering dedication to producing high-quality steel products and its continuous innovation in the sector. As a company known for its cutting-edge technology and commitment to sustainability, this recognition further…
The Ghana Highway Authority (GHA), on behalf of the Ministry of Roads and Highways, will implement a joint expansion of the Atomic Bridge (N4) in Accra. This crucial project aims to improve traffic flow and enhance road infrastructure in the area. The project timeline is as follows; Start Date: Wednesday, October 3, 2024 through to Tuesday, October 22, 2024 thus 20 days of operation. The working Hours will be 8:00 PM to 6:00 AM daily To minimize disruptions to traffic during the construction period, the Ghana Highway Authority will put in place a traffic management plan and motorists are advised…
In the vibrant landscape of Ghana’s industrial sector, the Chartered Institute of Marketing Ghana (CIMG) stands out as a key arbiter of excellence, honoring companies that exemplify outstanding marketing strategies and innovation. For 2023, B5 Plus Limited has been distinguished with the prestigious title of ‘Marketing Oriented Product of the Year’ in the Manufacturing category. This accolade highlights B5 Plus’s exceptional marketing acumen and strategic vision in the steel manufacturing industry. Company Overview: Established in 2002 by the visionary Chairman Mr. Mukesh Thakwani, B5 Plus Limited has become a pivotal player in Ghana’s steel manufacturing sector. Headquartered in Accra, the…
Reputable international airline, Goldstar Air, the wings of Ghana, to provide 24-hour global courier services with the airline’s unique app, phones, electric vehicles, and Okada (Motorbikes), to create job opportunities for the youth. The 2023 Annual Household Income and Expenditure Survey (AHIES) report has revealed that over Two (2) million young people in Ghana, aged 15-35, are not in education, employment, or training (NEET). According to the report released by the Ghana Statistical Service (GSS), females account for the majority, with 1.2 million compared to 715,691 males. The youth with Nonskilled labor can also take advantage of the airline’s courier…
WASHINGTON, D.C. — NAB Show New York, set for Oct. 9-10 (Education Oct. 8-10) at the Jacob K. Javits Convention Center, will energize the news and sports industries with the latest trends and technology. Held in the epicenter of live production, the event is perfectly timed as the broadcast, media and entertainment industry prepares for key moments such as the 2024 presidential election and the major fall sports seasons. Industry leaders will gather to explore key innovations and strategies reshaping how content is created, distributed and monetized in today’s fast-evolving media landscape. “Whether you are dealing with the complexities of…
The Ghana Rugby Club Championship, which concluded on August 31, 2024, has been hailed as a remarkable success. The month-long tournament, featuring ten men’s teams and four women’s teams, has reignited passion and enthusiasm for the sport of rugby across the nation. The Men’s teams are 1.Accra Rugby Club 2.Conquerors SC men 3.Oguaa Warriors Rfc 4.Northern Lions RC 5.Hunters Rugby Club 6.Accra Majesty Rugby Club 7.Melike Rugby Club 8Idas Sporting Rugby Club 9.African Warriors Rfc 10.Dansoman Hurricanes Rfc Women: 1.Conquerors RC ladies 2.Oguaa Warriors Ladies 3.Melike Ladies 4.Anenya Community Rugby Club. We extend our heartfelt congratulations to Conquerors Ladies who…
The bonuses due Ghana’s U20 women’s national team players from last year’s qualifying matches have finally been disbursed. The Ministry of Youth and Sports reduced the amount of bonuses that was due each player from $6,000 to $4,500, which has since been given to them. After earning a spot in the 2024 FIFA Women’s World Cup, the Black Princesses did not received their bonuses until lately. Yusif Basigi’s team qualified for the tournament for the seventh time in a row after playing three home and away games. In the meantime, the Black Princesses are camping on Cape Coast in anticipation…
Sprinter Abdul Rasheed Saminu of Ghana has spoken out about the baton exchange incident that resulted in the disqualification of the country’s 4x100m relay team for the 2024 Summer Olympics in Paris. The team placed sixth in their heat and was disqualified for a changeover violation that was discovered during the race’s last leg. With partner Benjamin Azamati, Saminu also participated in the 100m events. Ghana’s 4x100m relay campaign came to a disappointing end with their disqualification; this is reminiscent of their experience in the Tokyo 2020 Olympics, where they were also eliminated due to a baton exchange error in…