BUSINESS NEWS
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BoG urges commercial banks to lower lending rates as inflation figures decline
The commercial banks operating in Ghana have been urged by the Bank of Ghana to lower their lending rates while…
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Inflation for April drops to 41.2%
Inflation has dropped to 41.2% for the month of April 2023. This represents a 3.8 percentage point decrease from the…
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Ghana cedi to end 2023 at ¢12.40 to a dollar – Fitch
Fitch Solutions has predicted that the Ghana cedi will end 2023 at a rate of ¢12.40 to one US dollar,…
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Ghana bags $3.5bn from non-traditional exports in 2022
The Value of Ghana’s Non-Traditional Exports increased to 3.5 billion dollars in 2022 from the 3.3 billion dollars recorded in…
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Help us secure $3bn IMF deal – Akufo-Addo to Japan’s PM
President Nana Addo Dankwa Akufo-Addo is courting the support of Japan to help Ghana reach an agreement with the International…
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GRA set to implement 3 new taxes on May 1
The Ghana Revenue Authority (GRA) has announced that the implementation date for the new and revised taxes, which were introduced…
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Fitch downgrades Ghana’s long-term local currency to RD
Fitch Ratings has lowered the Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) of the nation to restricted default (RD) from…
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Ghana’s reserves almost empty; to end 2023 at nearly 3 weeks of import cover – IMF
Ghana’s net international reserves will end 2023 at nearly three weeks of import cover (0.8 month), the 2023 International Monetary…
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Economic growth slows down to 3.1% in 2022
Ghana’s economy grew by 3.1 per cent in 2022, compared to 5.1 per cent in 2021, the Ghana Statistical Service…
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Fuel prices go up; currently selling at over GH¢13 per litre
Fuel prices have seen a marginal increase at the pumps as a litre of petrol which sold at GH¢12.65 is…
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