Ghana Nsem
The Government of Ghana has paid $700 million to Eurobond holders ahead of schedule, increasing total repayments under its debt restructuring programme to $2.1 billion. The Finance Ministry says the move reinforces Ghana’s commitment to meeting its debt obligations and rebuilding investor confidence.
President John Dramani Mahama has said Ghana’s economic progress cannot be sustained without a corresponding transformation in the country’s moral values. He urged citizens to embrace integrity, discipline and accountability, stressing that true national development depends not only on government policies but also on the character and actions of the people.
A delegation of Ghana’s banking leaders who recently completed a professional visit to Malaysia are calling for stronger ethical reforms in Ghana’s financial sector. They argue that banking must go beyond profit-making and embrace integrity, trust, and responsible financial practices to restore public confidence in the industry.
BreakingSeveral Oil Marketing Companies (OMCs) have begun reducing fuel prices at the pumps following improved market conditions, with GOIL PLC leading the latest round of price cuts. GOIL has lowered the price of petrol to GH¢12.79 per litre and diesel to GH¢15.35 per litre, while other major OMCs are expected to follow suit.