The Government of Ghana has successfully secured $2.86 billion in debt service relief after signing a Memorandum of Understanding (MoU) with its Official Creditors Committee (OCC). The agreement, co-chaired by China and France, represents a crucial step in Ghana’s ongoing efforts to restructure its debt and build a sustainable financial future. This development, announced by…
Ghana will benefit from $2.8 billion worth of debt relief after signing MoU with the Official Creditor Committee – Ato Forson Modern Ghana Read the original article here
Somerset Council could go bankrupt without sharp council tax rise Somerset Live Read the original article here
Meanwhile, both Adani Port and JSW Infrastructure have been spreading their businesses through acquisitions. Last year, JSW Infrastructure acquired a 70.37% shareholding in Mumbai-based Navkar Corporation for around Rs 1,012 crore, marking its entry into the logistics sector. Meanwhile, Adani Ports and Special Economic Zone (APSEZ), India’s largest private port operator, bought a majority stake…
NCLT orders removal of Byju’s IRP, reinstates Aditya Birla Finance as financial creditor MSN Read the original article here
AGI Greenpac Shares Drop 17% After Supreme Court Rejects HNG Acquisition Plan Moneylife Read the original article here
Ghana has formally secured $2.8 billion in debt relief after all 25 members of its official creditor committee fully signed the Memorandum of Understanding (MOU) which was initially reached in principle under the G20 Common Framework for Debt Treatment. This is expected to provide crucial fiscal breathing space as Ghana advances structural reforms under its…
Hawkers Beer enters voluntary administration as Aussie company teeters on brink of collapse MSN Read the original article here
The owners of One33 Brothel decided to liquidate the business. Photo / Joe Gilfillan A $115,000 loss was forecast in the initial report. The company has $127,000 in liabilities offset by only $11,000 in assets, which include cash of $777, fixed assets of $5000 and motor vehicles, the value of which is yet to be…
Giant contractor Put Sarajevo placed under liquidation over Sh800m debt Business Daily Read the original article here