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Business News of Monday, 17 March 2025

    

Source: www.ghanawebbers.com

Govt warned against bond market return

Dr. Cassiel Ato Forson and President John Mahama Dr. Cassiel Ato Forson and President John Mahama

The Minority in Parliament has warned the government against returning to the bond market, citing fiscal mismanagement and data manipulation that could erode investor confidence. They criticized the announcement's timing, which coincided with the release of high fiscal deficit figures, increasing borrowing risks.

Led by Dr. Mohammed Amin Adam, they pointed to widening sovereign bond spreads and Bloomberg’s report on Ghana’s declining dollar bonds. The Minority accused the government of inflating deficit figures by including GH₵49.2 billion in "unreleased claims" and warned of potential IMF Review consequences.

Despite concerns, they defended the previous administration’s economic policies, highlighting a reduced debt-to-GDP ratio. They urged the government to present accurate data to avoid undermining investor confidence and economic stability.