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%


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


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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What is cryptocurrency or digital cash?


Few people know, but cryptocurrencies emerged as a side product of another invention. Satoshi Nakamoto, the unknown inventor of Bitcoin, the first and still most important cryptocurrency, never intended to invent a currency. In his announcement of Bitcoin in late 2008, Satoshi said he developed “A Peer-to-Peer Electronic Cash System.” His goal was to invent something; many people failed to create ...

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December inflation hits 11.8%

inflation rate

The inflation rate for December 2017 increased slightly to 11.8 percent, up from the 11.7 percent recorded in November in the same year, acting Government Statistician, Baah Wadieh announced Wednesday.The monthly change rate, according to Mr Wadieh comes as a result of the rise in the two main components, Food and Non-food Inflation. “The food inflation rate for December 2017 ...

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Ghana To Build Bauxite Refinery – Bawumia

$1 Million per Constituency

Vice president Dr Mahamudu Bawumia has disclosed the government is putting in place the necessary legislation and infrastructure to establish a bauxite refinery in the next two to three years. A bill seeking to set up a Bauxite Development Authority to facilitate the establishment of an Integrated Aluminium Industry will be submitted to Parliament early next year after broad consultations, ...

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Africa Must Implement SDGs With Urgency – Akufo-Addo

SDGs in Ghana

President Nana Addo Dankwa Akufo-Addo wants African leaders to pursue the implementation of the UN Sustainable Development Goals (SDGs) with high sense of urgency. He noted it has become imperative to see the Goals materialized due to the deficit in human development on the African continent, the high levels of poverty and deprivation, climate change and the teeming numbers of ...

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