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MTN loses case against NCA
Posted on | CommentThe Accra High Court has dismissed the case by MTN, which was seeking the court to quash the decision by the National Communications Authority (NCA) to classify it as a significant market player (SMP) in the telecommunications industry in Ghana. … Read more →
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Fruit juice from Ekumfi factory to hit market by January
Posted on | CommentGhanaians should expect the first batch of the much-talked-about Eku Juice, the first product from the Ekumfi Fruits and Juice factory by January 2020. That is according to the company’s Director of Operations, Fred Kobbyna Acquaah. The Ekumfi Fruits and … Read more →
Depreciating Cedi cause of fuel hike – Minority
Posted on | CommentThe minority in Parliament has blamed the increment in fuel prices on the depreciation of the cedi. Ranking Member of the Mines and Energy committee of Parliament Adams Mutawakilu says the incompetence of the Vice President and managers of the … Read more →
GPHA justifies impending 11% increment in port tariff
Posted on | CommentThe Ghana Ports and Harbours Authority (GHPA) has dismissed claims that its agreement with private terminal operating partner Meridian Port Services (MPS) to increase tariffs at the port is a compromise to allow the latter cede 20% retention of container … Read more →
Ekumfi pineapple juice out
Posted on | CommentThe Ekumfi Pineapple Processing Factory has come out with what appears to be one of the many pineapple juice brands it will be producing. Dubbed: Eku Juice, the product comes as the company moves to fulfill its pledge of commencing … Read more →
Cedi depreciation is a disguised blessing
Posted on | CommentFor some time now, our airwaves, print and even social media seem to have had a respite on the issue of cedi depreciation and rising exchange rates. Experts and politician alike also have had same recession on the topic. But … Read more →
BoG to inject US$125m into economy
Posted on | CommentBETWEEN October and December 2019, the Bank of Ghana will inject US$125 million into the Ghanaian economy to shore up dollar in circulation, boost liquidity and prevent any rapid depreciation of the cedi. With Christmas approaching and many traders expected … Read more →
Cedi depreciates 1.83% in Q3
Posted on | CommentTHE cedi depreciated by some 1.83 per cent to the US dollar from July 1 to September 31, 2019, representing a relatively stable quarterly performance by local currency. The currency had collectively lost about 9.0 per cent in value in … Read more →
Ghana’s debt stock hits 200 billion cedis by May
Posted on | CommentData released by the Bank of Ghana shows that the country’s total debt stock has hit 200 billion cedis by May 2019. The data shows that the debt stock increased by 2 billion cedis in three months from March to … Read more →
Ghana’s economy expands 6.7% in first quarter of 2019
Posted on | CommentGhana’s economy grew 6.7 per cent year-on-year in the first three months of 2019 compared to 5.4 per cent in the same period last year, the Ghana Statistical Service said on Wednesday. The quarter-on-quarter seasonally adjusted growth rate was 1.6 … Read more →
Diversify Ghanaian economy – World Bank
Posted on | CommentTHE World Bank has urged the Government to strengthen efforts at diversifying the country’s economy and broaden the tax base to ensure that larger numbers of tax payers contribute to the domestic revenue mobilisation. The World Bank Group believes that … Read more →
BoG rejects EIU projection Ghana cedi will hit ¢6 to the dollar
Posted on | CommentGovernor of the Bank of Ghana has downplayed projections from London based Economists Intelligence Unit (EIU) that the Ghana cedi could witness another round of serious depreciation in the coming months. Dr. Ernest Addison said, “I don’t think that these … Read more →
See the upgraded cedi notes Dr Addison signed on March 4, 2019
Posted on | CommentThe Bank of Ghana has released a clearer version of the upgraded cedi notes due to start circulation on May 6. The notes were signed by the Governor of the Bank of Ghana, Dr Ernest Addison, on March 4 and … Read more →
Ghana’s economy to grow by 7.6% this year – World Bank
Posted on | Comment– On the back of increases in oil and gas production, agric – World Bank The World Bank has projected Ghana’s economy to grow by 7.6% this year. This is a slightly higher than government’s own 7.2% growth projection contained … Read more →
Migration to digital economy still on course — VEEP
Posted on | CommentThe Vice-President, Dr Mahamudu Bawumia, has said the government remains committed to leveraging on technology to achieve a digital economy. He noted that in spite of the overriding factors of a largely informal Ghanaian society, the pursuit of digitisation in … Read more →
BoG to issue upgraded cedi notes on May 6
Posted on | CommentThe Bank of Ghana (BoG) is expected to issue upgraded banknotes into circulation on May 6, 2019. The upgraded banknotes will have enhanced security features in line with evolving changes in technological landscape, according to the BoG. The bank additionally … Read more →
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