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Category: Business

The Cedi is currently the worst-performing African currency, depreciating 7.6% against the dollar.

4 months ago ValenciaLeave a Comment on The Cedi is currently the worst-performing African currency, depreciating 7.6% against the dollar.

Just two months into 2022, the Ghana cedi has become the worst-performing currency among Africa’s major currencies.
This is due to a 7.6% depreciationRead More…

Akufo-Addo has assured that efforts are being made to stop the recent Cedi depreciation.

4 months ago ValenciaLeave a Comment on Akufo-Addo has assured that efforts are being made to stop the recent Cedi depreciation.

President Nana Addo Dankwa Akufo-Addo has stated that measures are being taken to stop the Cedi’s devaluation versus the US Dollar.
According to the PRead More…

The Withholding Tax on Unprocessed Gold has been Reduced From 3% to 1.5%, According to Abu Jinapor.

7 months ago Mr CarterLeave a Comment on The Withholding Tax on Unprocessed Gold has been Reduced From 3% to 1.5%, According to Abu Jinapor.

Mr. Samuel Abu Jinapor, Minister of Lands and Natural Resources, said that the government has reduced the three percent withholding tax on raw gold toRead More…

Ghana’s Energy Industry Debt is Expected to Reach GHC7 billion by the End of 2021, According to an Energy Expert.

7 months ago Mr CarterLeave a Comment on Ghana’s Energy Industry Debt is Expected to Reach GHC7 billion by the End of 2021, According to an Energy Expert.

Benjamin Boakye, Executive Director of the African Center for Energy Policy (ACEP), has warned that Ghana’s energy-sector debt will reach GHC7 billionRead More…

Ghana Confronts a Significant Challenge in Producing More and Better Employment, According to the World Bank.

7 months ago Mr CarterLeave a Comment on Ghana Confronts a Significant Challenge in Producing More and Better Employment, According to the World Bank.

Despite its impressive growth rates over the years, Ghana confronts a significant difficulty in producing more and better jobs since there is a “missiRead More…

‘The Killer Budget Isn’t Returning; We’re Finally Burying It.’ – Ablakwa

7 months ago Mr CarterLeave a Comment on ‘The Killer Budget Isn’t Returning; We’re Finally Burying It.’ – Ablakwa

After the rejection of the 2022 budget statement provided by Finance Minister Ken Ofori-Atta, Member of Parliament for North Tongu Samuel Okudzeto AblRead More…

Republic Bank, UBA, & GCB Bank Provide the Cheapest One-Year Loans to Household Consumers – BoG

7 months ago Mr CarterLeave a Comment on Republic Bank, UBA, & GCB Bank Provide the Cheapest One-Year Loans to Household Consumers – BoG

Republic Bank, UBA, and GCB Bank provided the cheapest loans for household consumers over a one-year period, according to the Bank of Ghana’s SeptembeRead More…

Policy Rate Increases will Have a Mixed Impact on the Economy, According to Economists.

7 months ago Mr CarterLeave a Comment on Policy Rate Increases will Have a Mixed Impact on the Economy, According to Economists.

The Bank of Ghana’s policy rate hike will have a mixed impact on the Ghanaian economy, according to economist Dr. Adu Owusu Sarkodie, who spoke to ScoRead More…

BoG Reports a 7.88% Drop in Registered Internet Banking Customers to 1.019 Million.

7 months ago Mr CarterLeave a Comment on BoG Reports a 7.88% Drop in Registered Internet Banking Customers to 1.019 Million.

According to the 2020 Payments Systems Oversight Annual Report, the number of registered internet banking customers fell 7.88 percent from 1,106,270 iRead More…

“We Propose 0.5% for E-Levy,” says IEA, Claiming 1.75% is “Too High.”

7 months ago Mr CarterLeave a Comment on “We Propose 0.5% for E-Levy,” says IEA, Claiming 1.75% is “Too High.”

The debate over the proposed 1.75 percent Electronic Transaction Levy in the 2022 Budget and Economic Policy will continue, as the Institute of EconomRead More…

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