
600 more Ghanaians register for evacuation amid South Africa xenophobic attacks – Okudzeto
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5th December 2022 9:28:00 AM
1 min readBy: Chris Kodo
Ken Ofori-Atta, Ghana's finance minister, is anticipated to give an update on the country's economic situation.
This occurred on November 24, 2022, roughly a week after he presented the 2023 budget statement to the legislature.
It is anticipated that the government's projected debt restructuring program's specifics would be revealed by Finance Minister Ken Ofori-Atta.
Before the presentation, Moody's Investor Services issued a warning that the government's anticipated debt restructuring program is likely to cause private creditors and investors to suffer significant losses on their investments.
According to the firm’s latest verdict on Ghana from an earlier Caa2 rating to Ca rating which is a further junk territory, it expects that the debt restructuring programme will impact both local and foreign currency holders.
Meanwhile, the finance minister Ken Ofori-Atta has also come under a lot of backlash and pressure from both within and outside his party, the New Patriotic Party (NPP), to either resign or be sacked by President Nana Addo Dankwa Akufo-Addo over his handling of the economy.
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