Economy

2018 Budget Highlights: Tax in Focus

2018 Budget

2018 Budget Highlights Commentary by PWC report state it in this way In a bid to consolidate the Ghanaian economy’s path to macroeconomic stability and to boost the productive sectors of the economy, the 2018 Budget Statement (“the Budget”) of Government of Ghana has the theme “from stabilisation to growth: putting Ghana back to work again”. This is anchored on ...

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73% of Ghanaians working in vulnerable conditions —Report

Vulnerable conditions in Ghana

A report published by the Trades Union Congress (TUC) has revealed that 73% of Ghanaian workers operate under vulnerable conditions. The report also points out that a majority of Ghanaian workers receive less than 2 dollars a day, and do not have any form of pension contributions. Out of the employed population of 11.21 million, 64.3 % who are self-employed ...

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Stock market updates (weekly outlook)

Stock

   Have knowledge about your stock market Index Performance is a stock index that adds the amount of all dividends payments, capital gains (rise in the value of a capital asset that gives it a higher worth than the purchase price. The gain is not realized until the asset is sold)  and other cash disbursements to the net stock price. When measuring ...

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SWINGS OF MASS PSYCHOLOGY IN THE FINANCIAL MARKETS

Karpowership

Humans have been in the business of trading since the dawn of time. It has always been safe trading among ourselves than raiding one another. With time, money has become a medium of exchange, and stocks, bonds, commodities, and currency markets have become the hallmarks of all advanced societies. It took the medieval Italian traveler, Marco Polo fifteen years to ...

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Inflation Hits 10.6% Percent

leakages and slippages

The Consumer Price inflation has increased to 10.6 percent in February from 10.3 percent recorded in January. The marginal increase is being attributed mainly to an increase in fuel prices. Food inflation for February also rose to 7.2 percent from 6.8 percent the month before while non-food moved up to 12.2 percent.  Four regions namely Upper West, Brong Ahafo, Greater Accra ...

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Obuasi Mine To Be Reestablished- Anglo Gold Ashanti

Obuasi Mine

After the suspension of Anglo Gold Ashanti at the Obuasi mine since 2014, the mining giant has alerted operations would soon begin after reaching an agreement with the government to reestablish the Goldmine. The mine was suspended as a result of a drastic fall in gold prices and the great loss led to the retrenchment, leading to the mine in ...

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ECOWAS Single Currency will boost Trade & Economic Activity – Akufo-Addo

Single Currency

President Nana Addo Dankwa Akufo-Addo, says the introduction of a single currency in West Africa will, amongst others, help remove trade and monetary barriers, reduce transaction costs, boost economic activity, and raise the living standards of the peoples of the Region. Delivering the opening address at the 5th Meeting of the Presidential Task Force on the ECOWAS Single Currency, held ...

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Inflation Drops To 10.3% From 11.8%

Mankessim

The Ghana statistical Service has revealed that inflation has dropped from 11.8 percent to 10.3 percent for the month of January. This represents a significant drop considering the fact that inflation increased to 11.8 percent in December. The monthly change rate in January 2018 was 1.4 percent compared with the 1.0 recorded in December 2017. Inflation is the rate at ...

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Government raises GHC1.99 billion bond at 16.5%

graduate unemployment

The Akufo Addo Government has raised a total of GHC1.99 billion in a five-year domestic bond at a yield of 16.5 percent. The initial guidance for the bond, open to non-resident Ghanaians, was in the range of 15 percent to 16.5 percent. The total bids tendered were 2.01 billion cedis but government accepted 1.99 billion cedis. Settlement of the bond ...

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Bitcoin drops $2,000 in value as South Korea announces planned trading ban

bitcoin

News follows nation’s clampdown on cryptocurrencies as exchanges are raided over alleged tax evasion and fears of gambling addiction  Bitcoin’s 1,500% surge since January 2017 has spurred huge demand, stoking worries of a growing gambling addiction in the country. Photograph: Anadolu Agency/Getty Images The value of bitcoin plunged 13.5% in the early hours of Thursday after news hit that South Korea is ...

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