Economy

Inflation Rate for September, 2019 hits 7.6%,

Inflation Rate

The Year-on-year inflation rate for September fell slightly to 7.6 percent compared with 7.8 percent recorded in August 2019, the Ghana Statistical Service said on Wednesday. Professor Samuel Kobina Anim, the Government Statistician, told the media that the general prices of goods and services went down by a marginal rate of -0.1 percent between August and September. Market Women at ...

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Ghana to host first-ever Global SDG Youth Summit

Global SDG Youth Summit

Ghana in November would host the first-ever global SDG Youth Summit with over 25 African countries in attendance. The sustainable development goal which was introduced and adopted in January 2016 has since a lot of initiatives being executed by the UN and the African Union. President of the Republic of Ghana, Nana Addo Danquah-Akuffo Addo would grace the Youth Summit ...

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The Ghana Stock Exchange could rebound in the Election Year

GSE

Should trend analysis be anything to go by, then the Ghana Stock Exchange should rebound the next year 2020, the next election year after a woeful performance in 2019 currently returning about -16%. Investopedia defines trend analysis as a technique used in technical analysis that attempts to predict future stock price movements based on observed data trends. The investment education portal continues ...

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Economist justifies why Ghana is likely to go back to the IMF

Dr. Lord Mensah

Economist, Dr. Lord Mensah has stated that there is a likelihood Ghana will go back to the International Monetary Fund, IMF. According to Economist, Dr. Lord Mensah the country’s revenue continues to dwindle and debt continues to go up, it may be forced to subscribe to the IMF programme in the coming years. Speaking to Accra based Starr FM, Dr. ...

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Ghana’s economy to grow by 6.5% – not 7.6% – in 2019 – EIU

The Economist Intelligence Unit (EIU) has said, with consumer demand remaining robust during the year, helped by the lower cost of credit, it projects Ghana’s GDP to reach 6.5% in 2019. This projection is about 1.1% less than the government has projected to grow the GDP this year. The 2019 Budget presented by the Finance Minister, Ken Ofori Atta, proposes ...

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Inflation drops to 6-yr low

Inflation Rate

The general prices of goods and services in the country fell by 0.4 percentage points to 9 percent, the lowest ever recorded since January 2013 when the rate hit 8.8 percent – making a strong case for the Bank of Ghana to further cut its policy rate. The fall, according to the statistical service, can be attributed to a decline ...

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More local investors show interest in economy

GIPC - local investors

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 it has seen a rise in the number of Ghanaians knocking at its door for opportunities. It said indigenous investors, just like foreign ones, ...

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LETTER TO MY SON…”THE CROWN & THE CLOWN

son

Dear Son, I don’t know how you would meet this letter; as a child full of wonders, a teenager full of curiosity and opinions or as a man with women at your feet. All I know is you would meet it with a clenched fist, ready to fight on. Son, I chose this day to write to you because we ...

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No one will be shielded …Prez declares on collapse of 7 banks

President Nana Addo Dankwa Akufo-Addo has said that government will not shield anyone found to have played a role in the collapse of the seven local banks. The President, speaking at the opening of the new head office complex of Standard Chartered Bank in Accra, bemoaned the cost of rescuing the seven banks to the tax payer adding that the ...

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Nduom begins national campaign tour against panic withdrawals

The Chairman of GN Bank, Dr. Papa Kwesi Nduom has begun a nationwide tour aimed at appreciating customers who have remained loyal to the country’s indigenous banks. Themed, “Stop the panic withdrawals and strengthen indigenous banks”, Dr Nduom will use the opportunity to urge the population in general to avoid panic bank withdrawals as it may negatively affect the operations ...

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