February records 9.2% CPI inflation Rate

The year-on-year inflation rate regarding Consumer Price Index (CPI) for February 2019, was 9.2% compared to 9.0% recorded in January 2019, a Ghana Statistical Service (GSS) report has indicated. According to the GSS, the monthly change rate in February 2019 was 1.0% which is the same as recorded in January 2019. Acting Deputy Government Statistician, […]

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Ghana’s inflation rate drops to 9% from 9.4%

Ghana’s inflation rate has dropped to 9 percent, the lowest since 2013. The recorded rate for December last year was 9.4 percent. Acting government statistician, David Kombat revealed at a press briefing in Accra, the food inflation rate for January 2019 was 8 percent compared to 8.7 percent recorded in December 2018. The non-food inflation […]

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We have produced enough chocolate for the Chocolate Day – CPC MD

The Managing Director of the Cocoa Processing Company (CPC), Nana Agyenim Boateng says there is enough produced chocolate to satisfy the Ghanaian market for the Valentine or Chocolate Day festive period. He declared the local chocolate consuming market was worth US$45 million observing the processing company produces 4000 cantons every week which gets distributed. Mr. […]

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AGI kicks against moves to increase utility tariff

The Association of Ghana Industries (AGI) says Ghanaian businesses will be overburdened if the Public Utilities and Regulatory Commission (PURC) approves the recently proposed tariff increases, without ensuring that efficiency in the power value chain is improved. The Northern Electricity Distribution Company (NEDCo) and the Ghana Grid Company (GRIDCo) have called for an upward review […]

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Ghana’s debt hits 172.9 billion cedis

The total amount that Ghana owes reached 172.9 billion cedis in November 2018. This is according to data from the Bank of Ghana. The Summary of Economic and Financial data by the central bank shows that between July and November 2018, the country added 13.2 billion cedis to its debt. The figure went up from […]

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Vodafone secures 4G Licence

Vodafone Ghana has officially reached an agreement with the National Communications Authority (NCA) for the purchase of one slot of the 2×5MHz frequency spectrum in the 800MHz band for mobile services. The slot, purchased at the cost of US$30million, was awarded to Vodafone following successful financial negotiations with the NCA, in line with the Authority’s […]

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ISSER warns against excessive borrowing

The Institute of Statistical, Social and Economic Research (ISSER) said the country has resorted to external borrowing because it has consistently under-achieved its revenue targets. ISSER stated that government had borrowed about GHS50billion over the past years, including bailout loans, adding that, if the situation is not checked, it would lead to high-interest payments which […]

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Adopt electronic payment as a way of life – Dr Bawumia

The Vice President, Dr Mahamudu Bawumia, on Wednesday launched the Phase-Two of the Mobile Money Interoperability Payment System and urged Ghanaians to adopt electronic payment as a way of life. He said the nation had reached an era of electronic payment, therefore, there was no choice but to go with the tide in order to […]

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ECG invests more than GHC14 million in Accra West

The Electricity Company of Ghana (ECG) has spent more than 14 million Ghana cedis (a total of GH¢ 14,272,134.32) on improving its System and expansion projects in the Accra West Region, between January and October this year. The amount represents the cost of constructing 250 new projects to extend supply to unserved communities and improving […]

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President’s dismissal of GEPA CEO improper – Audit Service

Internal auditors have described President Akufo-Addo’s dismissal of the former Executive Secretary of the Ghana Export Promotion Authority, Gifty Klenam as “irregular and improper”. Referring to the Ghana Export Promotion Council Act, the internal auditors held the view that Gifty Klenam can only be sacked by the Minister for Trade and Industry and not the […]

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