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GCB takes over UT and Capital Banks

The Bank of Ghana has approved the takeover of Capital Bank and UT Bank by the GCB Bank Ltd. A statement by the Central Bank stated that it has “approved the Purchase and Assumption transaction with GCB Bank Ltd that transfers all deposits and selected assets of UT Bank Ltd …

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Inflation drops to 11.9%

Inflation has dropped again for the month of July from 12.1 percent in June to 11. 9 percent. The June’s fall is the lowest since September 2013. In a news conference on  Wednesday to announce the recent inflation figures, the acting government statistician Baah Wadie said the period under scrutiny …

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Osafo Maafo opens Ghana Economic Forum

Senior Minister Yaw Osafo Maafo has opened the Sixth Edition of the Ghana Economic Forum (GEF) for more than 500 local and international business leaders, at the Kempinski Gold Coast City Hotel in Accra. The participants are expected to discuss whether the Ghanaian economy and the current development framework allow …

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Economy not doing well — Minority

The Minority in Parliament has described the macro-economic gains of the government captured in the mid-year budget review as cosmetic and artificial. It accused the Minister of Finance, Mr Ken Ofori-Atta, who presented the mid-year budget to Parliament, as cooking up figures which did not reflect the true state of …

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