Inflation in Ghana, 2 others to stay above 50% in 2023; will accelerate by over 3% – World Bank

April 5, 2023 Inflation in Ghana, Uganda, and Burundi is expected to accelerate by more than 3 percentage points in 2023 from last year. This means inflation will stay above 50% this year. Inflation...

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April 5, 2023 / Comments (0)

Kasapreko Group Chairman receives Presidential Honour at 2023 National Honours and Awards

April 5, 2023 Kasapreko Company Limited and its Group Chairman, Dr. Kwabena Adjei, have been honoured by President Nana Addo Dankwa Akufo-Addo at the 2023 National Honours and Awards ceremony in Accra,...

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April 5, 2023 / Comments (0)

Total trade on new government bonds falls by 38.03%

April 5, 2023 Market activity on domestic sovereign bonds slumped last week as total trade retreated 38.03% week-on-week to ¢62.31 million. Interest in the new bonds, according to trading results,...

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April 5, 2023 / Comments (0)

World Bank lowers Ghana’s growth rate to below 2% in 2023

April 5, 2023 The World Bank has lowered Ghana’s growth rate to under 2.0% in 2023, placing it at the 29th position in Sub-Saharan Africa, its April 2023 Africa Pulse Report has revealed. This is...

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April 5, 2023 / Comments (0)

ACEP fears prices of fuel will go up after OPEC+ announced oil output cuts

April 5, 2023 Energy think tank the Africa Centre for Energy Policy (ACEP) has expressed fears that prices of fuel may go up after Saudi Arabia and other OPEC+ oil producers on Sunday announced further...

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April 5, 2023 / Comments (0)

Proposed Investor Protection Fund expected to be operational from 2024

April 4, 2023 The Director General of the Securities and Exchange Commission (SEC) Rev. Daniel Ogbarmey Tetteh has disclosed that the proposed Investor Protection Fund is scheduled to take off from...

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April 4, 2023 / Comments (0)

BoG to keep policy rate steady at 30.5% in 2024 – Fitch Solutions

April 4, 2023 Fitch Solutions has indicated that the Bank of Ghana will keep the policy rate on hold at 30.5% in 2024. This is coming after the Central Bank adjusted its key lending rate to banks at...

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April 4, 2023 / Comments (0)

Parliament passes three new taxes

April 3, 2023 Parliament has passed the Excise Duty Amendment Bill 2022, the Growth and Sustainability Levy Bill, 2022, the Ghana Revenue Authority Bill 2022 and the Income Tax Amendment Bill 2022. The...

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April 3, 2023 / Comments (0)

GRA reiterates calls for businesses to embrace  E-VAT

March 31, 2023 The Ghana Revenue Authority (GRA) has reiterated calls for business operators to embrace the E-VAT system to help government rake in more revenue as part of efforts to address the economic...

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March 31, 2023 / Comments (0)

Cedi starts week on strong note; $1 now ¢12.25

March 29, 2023 The Ghana cedi started this week on a strong note gaining some grounds against the US dollar in the retail or forex market. The local currency gained about 20 pesewas in value against the...

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March 29, 2023 / Comments (0)