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Food prices up as Christmas draws near

Enquiries show that the prices of foodstuffs and livestock have increased with the approach of the Christmas festivities. In Accra, the capital, enquiries made at the Madina and the Agbogbloshie markets showed that prices quoted for livestock and food items had increased. A trader in foodstuffs and livestock who purchases …

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Why BoG can’t close down MenzGold

The Bank of Ghana (BoG) has confirmed that precious minerals trading company, MenzGold, is taking deposits from the general public although it has not been licensed by the central bank to do that. The bank came to that realisation after its team of investigators completed an undercover investigation into the …

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November inflation inches up to 11.7%

Inflation for the month of November 2017 increased to 11.7 per cent as against 11.6 per cent recorded in October 2017. This means that the general price level within the period under review went up marginally by 0.9 per cent.   The rise was as a result of the corresponding …

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Ghana signs €100m renewable energy agreement with Germany

Ghana and Germany have signed a 100-million Euro bilateral investment and reform partnership agreement to promote private investment in renewable energy and vocational training in Ghana. Ghana’s Finance Minister, Ken Ofori-Atta, and Germany’s Deputy Minister for Economic Cooperation and Development, Friedrich Kitschelt, signed the agreement for their respective countries. The …

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Second Deputy BoG Governor resigns

The Second Deputy Governor of the Bank of Ghana, Dr Johnson Asiama has resigned. Sources say he has taken his accumulated leave leading to his exit from the bank by the close of this month. Dr Asiama’s decision to move on was communicated in the first week of December to …

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US$1.05bn cocoa loan stabilises cedi — BoG

The Bank of Ghana (BoG) has confirmed receipt of US$1.05 billion of this season’s cocoa loan, which it says is instrumental in stabilising the cedi against its seasonal depreciation pressures. The inflows have also boosted the country’s gross reserves, bolstering them to US$6.9 billion, equivalent to 3.9 months of import …

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