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MTN loses case against NCA

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The 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 →

MORE BUSINESS NEWS

Bawumia to answer questions on Ghana’s economy April 3

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The Vice President and head of Ghana’s economic management team, Dr. Mahamudu Bawumia, will answer questions relating to the state of Ghana’s economy at a town hall meeting slated for April 3, 2019 at the College of Physicians and Health … Read more →

Cedi depreciation must be halted to save industries – AGI

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The Association of the Ghana Industries(AGI) has urged government to put in measures that will stabilize the cedi against the dollar. This follows a recent announcement by the Finance Minister, Ken Ofori-Atta, that the free fall of the cedi against … Read more →

Cedi will regain strength in weeks — Ofori-Atta

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The Minister of Finance, Mr Ken Ofori-Atta, has given an assurance that the cedi will begin to appreciate against the major currencies within the next two weeks. “The reversal will occur and it is going to be pretty stable,” Mr … Read more →

China economy: Beijing unveils $298bn tax cuts to boost growth

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China’s number two leader Li Keqiang has warned the country faces “a tough struggle,” as he laid out plans to prop up the world’s second-largest economy. Opening the annual session of China’s parliament, he forecast slower growth of 6% – … Read more →

BoG to inject $800m into reserves efforts to stabilise cedi.

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The Bank of Ghana (BoG) says it will add a minimum of $800 million to the country’s reserves this month to stabilise the cedi against major international currencies, especially the dollar. The Head of Financial Markets at the central bank, … Read more →

More local investors show interest in economy – Yofi Grant

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In spite of capital formation challenges, more home-grown investors are taking up investment opportunities in the economy, the Ghana Investment Promotion Centre (GIPC) has said. GIPC, the agency entrusted with making the country sellable, said lately that it had seen … Read more →

Ghana’s Economy 25% Bigger – Bloomberg

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Ghana’s economy is almost a quarter bigger than previously estimated after the West African nation’s statistical agency had changed its base for measuring gross domestic product (GDP). The country’s GDP at current prices measured 257 billion cedis ($52.5 billion) in … Read more →

Ghana’s economy better than 2 years ago – IMF boss

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The Managing Director of the International Monetary Fund (IMF), Ms Christine Lagarde, has observed that the Ghanaian economy is in a better place than it was two years ago. She said the IMF-supported programme had been an anchor for orderly … Read more →

Economy grows by 5.4% in second quarter

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The economy grew by 5.4 per cent year-on-year in the second quarter of 2018, compared to 11. 1 per cent recorded for the second quarter of 2017, provisional data from the Ghana Statistical Service (GSS) has indicated.  The value of … Read more →

Mahama’s Bad Economy Being Revived – Akufo-Addo

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President Akufo-Addo has said the government is reviving the economy, despite the difficult circumstances it inherited from the John Mahama administration. According to President Akufo-Addo, the first order of the day for his administration was to get the fundamentals of … Read more →

Ghana’s economy now valued at GH¢256.6 billion

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Ghana’s economy is now valued at GH¢256.6 billion after the rebasing of gross domestic product (GDP) based on measurements from 2013 instead of 2006. This is the second time in less than 10 years that the Ghana Statistical Service (GSS) … Read more →

Economy is in good hands; we’re steering it well – Bawumia

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The Vice President, Dr. Mahamudu Bawumia, says Ghana’s economy is in good hands and is being steered in the right direction for growth. He thus advised Ghanaians to ignore naysayers who believe the economy is on a downward trend instead. … Read more →

IMF, businesses laud govt – For steering economy successfully

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The International Monetary Fund (IMF) and private sector players have lauded government’s efforts in steering the affairs of the Ghanaian economy from 2017 till now. They however urged government to sustain the gains made. Fiscal deficit dropped from 9.0 percent … Read more →

IMF: Ghana’s economy to grow at 6.3%, 7.6% in 2018, 2019

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• Single digit inflation also predicted GHANA’S economy will grow at 6.3 percent and 7.6 percent in 2018 and 2019 respectively, with inflation at 8.7 and 8.0 percent respectively, the International Monetary Fund (IMF) has disclosed. The growth projection contained … Read more →

We are building resilient, robust economy – Prez. Akufo-Addo to US Governors

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President Akufo-Addo has said the work government has undertaken since he took office is leading to the building of a resilient and robust economy. He believes this will subsequently take Ghana to a situation beyond aid. According to him, he … Read more →

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