BUSINESS NEWS
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#Budget2021: Petroleum prices to go up by 5.7%
Petroleum prices are expected to go up by 5.7%, Osei Kyei-Mensah-Bonsu, the caretaker Minister for Finance has said. Kyei-Mensah-Bonsu said the…
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#Budget2021: Cedi depreciation in 2020 lowest in fourth republic – Kyei-Mensah-Bonsu
The Minister for Parliamentary Affairs and caretaker Minister for Finance, Osei Kyei-Mensah-Bonsu has touted last year’s performance of the cedi…
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Ghana’s debt stock now GHS291.6 billion
Ghana’s debt stock has hit GHS291.6 billion as of December 2020. This was disclosed on Friday, March 12, 2021, by…
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Biden’s relief package poses risks to emerging markets amid rising U.S. bond yields
Emerging markets could become a casualty of the US$1.9 trillion COVID-19 relief bill passed by U.S. Congress on Wednesday, as…
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Akufo-Addo orders NLA boss to proceed on retirement; sacks deputy
The President, Nana Addo Dankwa Akufo-Addo has ordered the Director-General of the National Lottery Authority, Mr. Kofi Osei Ameyaw to…
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Inflation rate for February 2021 rises slightly to 10.3%
The year-on-year inflation rate rises to 10.3% in February 2021 compared to 9.9%, the previous month, the Ghana Statistical Service (GSS) has said.…
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Tullow records US$1.23bn loss in 2020
Oil giant, Tullow Oil, registered a loss of US$1.23 billion last year, driven by non‐cash exploration write‐offs and impairments, according…
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AfDB named world’s best multilateral financial institution for 2021
Global Finance has named the African Development Bank (AfDB) the best multilateral financial institution in the world, global recognition of…
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National Development Bank to support businesses – Nana Addo
President Nana Addo Dankwa Akufo-Addo says the establishment of the National Development Bank under the Ghana CARES programme, is to provide…
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IES blames power outages on GRIDCo’s financial challenges
The Institute for Energy Security (IES), a think tank, has blamed the recent power outages on poor maintenance and upgrade…
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