MUSIC
Ghana’s Public Debt Hits $23.7bn
Ghana'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.
Ghana 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
Recommended
MUSIC
Sheltah Lyrichal – No Wahala (YOLO) (Prod by RichyBeatzGh)
Ghanaian artist Sheltah Lyrichal makes a vibrant comeback with his latest track, “No Wahala,” Produced by RichyBeatzGh.
Sheltah Lyrichal's No Wahala (YOLO)” is a captivating track that seamlessly blends Afrobeats rhythms with thought-provoking lyricism. Produced by RichyBeatzGh, the song exudes energy and positivity from start to finish.
Sheltah Lyrichal, known for his dynamic style and powerful delivery, brings his A-game on “No Wahala(YOLO).”
The lyrics convey a message of living life to the fullest and embracing the moment, a sentiment captured by the YOLO (You Only Live Once) mantra. Against a backdrop of infectious beats and catchy melodies, Sheltah's verses flow effortlessly, captivating listeners with his storytelling prowess and charismatic presence.
Stream No Wahala here – https://ditto.fm/no-wahala-sheltah-lyrichal
With its irresistible groove and uplifting vibe, “No Wahala (YOLO)” has all the makings of a hit, destined to get audiences on their feet and dancing.
Whether you're a fan of Afrobeats, hip-hop, or simply appreciate good music with a positive message, this track is sure to leave a lasting impression. Sheltah Lyrichal continues to solidify his place as a rising star in the music scene, and “No Wahala (YOLO)” is another testament to his talent and creativity.
Source : Dklassgh.com
Recommended
MUSIC
Ace Cube – Nekpoo (Mixed By Startick)
Ghanaian artist Ace Cube makes a vibrant comeback with his latest track, “Nekpoo,” mixed by Startick. The title, derived from the Ewe language, translates to “stay cool,” embodying the song's laid-back essence and uplifting message.
“Nekpoo” is a fusion of Afrobeat/Amapiano elements and catchy melodies, creating an infectious rhythm that encourages listeners to unwind and enjoy the moment.
Startick's adept mixing brings out the best in the track, enhancing its overall sound quality and appeal.
The song's chorus, coupled with its positive lyrics, promotes a sense of optimism and happiness, making it a perfect addition to any playlist. Ace Cube's return with “Nekpoo” showcases his musical prowess and ability to connect with audiences through feel-good tunes.
With its catchy beats and uplifting vibe, “Nekpoo” is set to captivate listeners and solidify Ace Cube's position as a promising talent in the Ghanaian music scene.
Stream and Download Below
Ace Cube – Nekpoo (Mixed By Startick)
AUDIOMACK
SOURCE: Dklassgh.Com
Recommended
MUSIC
Rizzlah Stylah – Pepper (Prod by HBeat Pro)
Ghanaian Reggae Dancehall sensation Rizzlah Stylah has just released a scorching new Afrobeatz single titled “Pepper,” with production credits going to the talented HBeatPro.
Known for his infectious energy and captivating rhythms, Rizzlah Stylah brings a fresh vibe to the Afrobeatz scene with this latest release.
Rizzlah Stylah's new single “Pepper” takes a fresh approach to the love song genre, blending elements of Dancehall and Afrobeatz to create a captivating musical experience.
The track explores themes of passion, desire, and the intensity of romantic relationships, adding a spicy twist to traditional love song narratives.
LISTEN HERE – https://distrokid.com/hyperfollow/rizzlahstylah/pepper-2/
“Pepper” is a high-energy track that showcases Rizzlah Stylah's lyrical prowess and his ability to blend traditional Ghanaian sounds with modern beats seamlessly. With its catchy hooks and irresistible groove, the song is sure to get listeners on their feet and moving to the rhythm.
HBeatPro's production skills shine through on “Pepper,” creating a rich sonic tapestry that complements Rizzlah Stylah's dynamic delivery. The result is a track that not only entertains but also leaves a lasting impression.
Fans of Ghanaian music and Afrobeatz enthusiasts alike are in for a treat with “Pepper.” It's a testament to Rizzlah Stylah's talent and versatility as an artist, and it's bound to make waves in the music scene.
Stream and Download Below
Rizzlah Stylah – Pepper (Prod by HBeat Pro)
Audiomack
Recommended
-
ENTERTAINMENT NEWS4 days ago
“At Age 14, I Was Stealing Cars” – Shatta Wale Trolls Stonebwoy (Video)
-
ENTERTAINMENT NEWS6 days ago
Captain of the boat that capsized and drowned Junior Pope tells his story
-
ENTERTAINMENT NEWS6 days ago
Criss Waddle likes it bushy – Abena Korkor says as she posts her naket picture with her bushy V online
-
ENTERTAINMENT NEWS5 days ago
We have not broken up- Fella Makafui Reveals as she betrays Medikal (Video)
-
ENTERTAINMENT NEWS6 days ago
Criss Waddle is a fraud boy; – Abena Korkor Goes deep into how AMG boss allegedly made his money
-
ENTERTAINMENT NEWS3 days ago
My “Fa no fom” song is bigger than all Daddy Lumba’s songs combined – DJ Azonto
-
ENTERTAINMENT NEWS6 days ago
Shatta Wale mercilessly insults Stonebwoy’s late mother again (Video)
-
ENTERTAINMENT NEWS4 days ago
Rebbel Ashes Speaks Out Against Ableism in the Music Industry: A Call for Unity and Respect