Cedi weakened 1.22% to dollar last week; one dollar going for ¢12.30

January 16, 2024 The cedi weakened 1.22% to the US dollar in the retail market last week, following depreciation pressures. It also lost 0.65% to the pound and 0.19% against the euro on the retail market,...

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January 16, 2024 / Comments (0)

IMF bailout: Govt reaches agreement with Official Creditors on debt treatment

January 15, 2024 The government has announced that it has reached an agreement with its Official Creditors in restoring debt sustainability in line with the International Monetary Fund (IMF) programme...

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January 15, 2024 / Comments (0)

AI to cut 40% of jobs globally – IMF

January 15, 2024 Almost 40.0% of global employment is exposed to Artificial Intelligence, the International Monetary Fund has stated in its new analysis. Historically, it said, automation and information...

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January 15, 2024 / Comments (0)

Ghana’s economy to grow by 2.8% in 2024 – World Bank

January 11, 2024 A new report by the World Bank has projected a 2.8% Gross Domestic Product (GDP) growth of 2.8% for Ghana in 2024. The forecast was captured in the January 2024 World Bank Global Economic...

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January 11, 2024 / Comments (0)

Ecobank Ghana appoints Abena Osei-Poku as Managing Director

January 10, 2024 Ecobank Ghana has, this week, appointed Abena Osei-Poku as its substantive Managing Director and Regional Executive for the Anglophone West Africa (AWA) Region of the Ecobank Group,...

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January 10, 2024 / Comments (0)

2023 end-of-year inflation stands at 23.2%; lower than revised target of 31.3%

January 10, 2024 The year-on-year inflation for December 2023 has dropped to 23.2 percent from the 26.4 percent recorded in November in the same period. By this, government ended the year with an inflation...

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January 10, 2024 / Comments (0)

Some OMCs cut fuel prices; petrol, diesel going for ¢11.24 per litre

January 10, 2024 Some Oil Marketing Companies (OMCs) have cut prices of petroleum products at the pumps, beginning today, January 1, 2024. This is the second consecutive time fuel prices are going down. One...

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January 10, 2024 / Comments (0)

Stop harassing our members, we are not running away from paying taxes – GGEA to GRA

December 20, 2023 The Ghanaian German Economic Association is appealing to the Ghana Revenue Authority to stop what it describes as harassment of its members. According to the association, its members are...

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December 20, 2023 / Comments (0)

Bond market: Total market turnover increased by 47.42% to ¢2.07bn

December 20, 2023 The secondary bond market for Government of Ghana papers sustained the upbeat in trading activity last week. Total weekly volume traded increased 47.42% week-on-week to ¢2.07 billion. Last...

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December 20, 2023 / Comments (0)

Economy expands by 2.0% in quarter 3 of 2023

December 20, 2023 Provisional estimates from the Ghana Statistical Service show that the economy expanded by 2.0% in the third quarter of 2023. This is lower than the pre-pandemic average Gross Domestic...

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December 20, 2023 / Comments (0)