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Ghana’s Public Debt Hits $23.7bn

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's total public debt rose to 94.5 billion cedis ($23.7 billion) by end-June, equivalent to 71 percent of gross domestic product (GDP), up sharply from 67 percent the previous month due to currency depreciation, the central bank said on Friday.
signed a three-year aid deal with the International Monetary Fund in April in a bid to stem a slide in the cedi currency, curb inflation, and tackle its growing debt.
The government has launched a debt restructuring strategy which focuses on the issuance of more long-term securities, mostly of five- and seven-year maturities.
It plans to issue a fourth Eurobond of up to $1.5 billion this month to fund spending and refinance part of the debt.
External borrowing amounted to 58.6 billion cedis, representing 44 percent of GDP at the end of June, the bank said in a data on its website.
In addition to low commodities prices, expectations of a rate rise by the U.S. Federal Reserve have kept the dollar strong and added to pressure on emerging currencies like Ghana's cedi.
The currency has weakened 13.8 percent since January, according to the central bank.
Gross foreign assets dipped to 2.8 months of import-cover at the end of July, from 2.9 months at the end of June.
The Bank of Ghana's Monetary Policy Committee is set to announce a rate decision on Monday and analysts expect bank to keep the rate steady at 24 percent in a continued support for the cedi ahead of the U.S. rate decision next week, a Reuters poll showed on Thursday.
The rate rose to 24 percent from 22 percent after the bank merged the policy rate with its reverse repo rate last in July.
Source: Reuters

Samuel Amadotor, known professionally as D.Klass GH is Multiple Award Winning Ghanaian Blogger, Music Promoter, Publicist, Pharmacy Technician by Profession and the Founder of Dklassgh.Com. He has an interest in promoting Up and coming artists and has a keen interest in showcasing the talents in Volta Region. His blogging covers international artists and has affiliates around Africa to boost his reach to the targeted audience. Get In Touch if you need my service | Email: [email protected]| Call/whatsapp: 0241 444 116 Or connect with me across social media handles, @Dklassgh

MUSIC

Khedie – Higher (Prod by KD DeBeatBoss)

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Khedie - Higher (Prod by KD DeBeatBoss)

Ghanaian Musician cum song engineer has recently released a soul-stirring new song titled “Higher,” Produced by KD DeBeatBoss himself. In this uplifting track, Khedie expresses his gratitude and praises to God for His continuous goodness and mercy throughout the years.

“Higher” is more than just a song; it's a heartfelt expression of faith and appreciation for the blessings and guidance received. Khedie's lyrics resonate with themes of thanksgiving, acknowledging God's faithfulness and the impact of His grace in every aspect of life's journey.

With 's expert production, “Higher” delivers a powerful musical experience that combines captivating melodies, stirring vocals, and uplifting instrumentation. The song's arrangement uplifts the spirit, creating an atmosphere of worship and celebration for listeners.

Khedie's vocal delivery is sincere and heartfelt, conveying a deep sense of gratitude and reverence. “Higher” serves as a reminder to count one's blessings and to always acknowledge the source of strength and inspiration.

As Khedie shares his testimony through “Higher,” listeners are encouraged to reflect on their own journey and the moments of divine intervention and provision in their lives. The song's message of praise and thanksgiving resonates across different audiences, making it a standout track in the realm of gospel-inspired music.

“Higher” by Khedie is a testament to the power of faith and the transformative impact of acknowledging God's goodness. It's a song that uplifts, inspires, and invites everyone to join in celebrating the greatness of the Almighty.

Stream and Download free music below

Khedie – Higher (Prod by KD DeBeatBoss)

6 MB

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SOURCE: Dklassgh.Com

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MUSIC

Rainy Afrika – Real (Prod By Apex Jusen) (Audio + Video)

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Rainy Afrika - Real (Prod By Apex Jusen)

Emerging Ghanaian Musician has dropped a compelling new track titled “Real,” produced by Apex Jusen. This latest release from delves into the realms of hip-hop, delivering a powerful message about authenticity and staying true to oneself in life's journey.

“Real” is more than just a song; it's a manifesto for being genuine and authentic in a world that often values appearances over substance. Rainy Afrika's lyrics cut through the noise, urging listeners to embrace their true selves and reject the pressures to conform or pretend to be someone they're not.

In a world of facades and illusions, “Real” emerges as an anthem for authenticity, a melody that resonates with the rawness of human emotions. With soul-stirring lyrics and a haunting melody, this song delves deep into the essence of being different in a world that often demands conformity and Uniqueness

Stream here – https://ditto.fm/real-rainy-afrika

With a dynamic beat and skilled production by Apex Jusen, “Real” delivers a captivating listening experience that combines thoughtful lyricism with catchy hooks and infectious rhythms. Rainy Afrika's delivery is both impassioned and relatable, making “Real” resonate with audiences who appreciate music that speaks to the complexities of self-expression and identity.

As an emerging talent in the Ghanaian music scene, Rainy Afrika's “Real” showcases not only his artistic prowess but also his ability to connect with listeners on a deeper level. The song serves as a reminder that being true to oneself is a powerful statement, and embracing authenticity is a key ingredient in living a fulfilling and meaningful life.

With “Real,” Rainy Afrika solidifies his position as an artist to watch, offering a fresh perspective and a distinctive voice in the realm of hip-hop music.

Stream and Download Real by Rainy Afrika below

Rainy Afrika – Real (Prod By Apex Jusen)

8 MB

Boomplay – https://www.boomplay.com/albums/86763969

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SOURCE: Dklassgh.Com

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MUSIC

Lucky Ekeh ft Chief One – Time Go Come (Prod by Hairlergbe)

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Lucky Ekeh ft Chief One

Ghanaian musician has recently unveiled an exciting new amapiano single titled “Time Go Come,” featuring Chief One and produced by Hairlergbe.

This vibrant track injects the infectious energy of amapiano music into the Ghanaian music scene, offering a fresh and captivating sound for listeners to enjoy.

“Time Go Come” is not just a catchy tune but also carries a powerful message about financial prosperity and the belief that success will eventually come to those who work hard and remain patient. The song's lyrics are infused with optimism and determination, reflecting the artists' confidence in their abilities and their unwavering belief that their time for abundance will arrive.

Listen – https://distrokid.com/hyperfollow/luckyekeh/time-go-come-feat-chief-one

With its upbeat rhythm, infectious melodies, and energetic vocals from Lucky Ekeh and Chief One, “Time Go Come” promises to be a standout hit in the amapiano genre. The collaboration between these talented artists showcases their musical synergy, resulting in a track that is both uplifting and danceable, making it a favorite among fans of amapiano and Afrobeat music.

As “Time Go Come” gains momentum on the airwaves and streaming platforms, it is poised to become a must-listen track for anyone looking to groove to the latest and hottest sounds from 's music scene.

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Lucky Ekeh ft Chief One – Time Go Come

7 MB

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