BoG revises balance, transaction limits of mobile money wallets upwards, starting March 1

March 1, 2024 The Bank of Ghana (BoG) has revised the balance and transaction limits of customers’ mobile money wallets upward, effective March 1, 2024. A statement from the Ghana Chamber of...

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March 1, 2024 / Comments (0)

IFE, Prefos partner to construct solar assembly plant

February 29, 2024 A German intervention to promote decent work, The Facility Investing for Employment (IFE), has signed a grant agreement with Prefos Limited, a Ghanaian-owned electrical engineering firm,...

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February 29, 2024 / Comments (0)

GIPC reaffirms commitment to creating enabling policies for e-mobility businesses

February 27, 2024 The Deputy Chief Executive Officer (CEO) of the Ghana Investment Promotion Centre (GIPC), Yaw Amoateng Afriyie, has reaffirmed the centre’s commitment to creating enabling policies for...

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February 27, 2024 / Comments (0)

Banks recover in capitalization due to strong growth in 2023 profit – Fitch

February 27, 2024 A significant growth in profitability of banks in 2023 driven by exceptionally high yields on treasury bills is helping the financial intermediaries recover in capitalization from the large...

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February 27, 2024 / Comments (0)

Average unemployment rate in Ghana in 3 quarters of 2023 estimated at 14.7%

February 21, 2024 The average unemployment rate in Ghana for the first three quarters of 2023 was estimated at 14.7%, with the rate among females consistently higher than males, the Ghana Labour Statistics...

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February 21, 2024 / Comments (0)

Producer Price Inflation shoots up to 17.4% in January 2024

February 21, 2024 The Producer Price Inflation (PPI) rate for January 2024 stood at 17.4%, higher than the 16.6% recorded in December 2023. This was in line with the Consumer Price Index which also went up...

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February 21, 2024 / Comments (0)

Cedi depreciates 3.56% to dollar since January 1; $1 going for GH¢12.75

February 21, 2024 The Ghana cedi has lost about 3.56% in value to the US dollar since the beginning of 2024. The local currency lost ground last week despite improved market liquidity. This came on the back...

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February 21, 2024 / Comments (0)

28 developing countries including Ghana remain stuck in debt trap – World Bank

February 21, 2024 The World Bank has disclosed that 28 developing economies including Ghana with – the weakest credit ratings – remain stuck in a debt trap with no hope of escape anytime soon....

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February 21, 2024 / Comments (0)

GSE lists GH¢150m Kasapreko bond on GFIM

February 21, 2024 The Ghana Stock Exchange has listed the first of a GH¢600 million bond raised by manufacturing firm, Kasapreko PLC onto the Ghana Fixed Income Market. The GH¢150 million bond was 100%...

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February 21, 2024 / Comments (0)

CEO OF BRUSSELS AIRLINES VISITS GHANA

February 20, 2024 On Friday February 9, the CEO of Brussels Airlines, Ms. Dorothea von Boxberg, paid an official working visit to Ghana. Ms. Dorothea, during her visit hosted clients, partners and workers of...

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February 20, 2024 / Comments (0)