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Prices of foodstuffs go up astronomically

Consumers must brace themselves up to pay more at their next visit to the market as prices of foodstuffs have increased astronomically, Joy News checks have revealed. A box of tomatoes costs between ¢800 and ¢900 while a bag of onion costs ¢200- ¢220 at the Mallam Atta and Makola markets. According to the market women, in January 2016, the ...

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Bad Economy Forces Businesses Out

Eleazer Nyaunu, the Regional Officer of the Industrial and Commercial Union (ICU), has observed that many companies are relocating to neighbouring countries as result of the high operational cost in the country. According to him, businesses in Ghana are relocating to neighbouring countries like Ivory Coast due to the unfavourable economy in Ghana. “If we are saying that the economy ...

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IMF: Ghana Likely To End Year With 74% Debt-To-GDP Ratio

Government will end the year with a debt-to-GDP ratio of 74.1 percent, according to the new Fiscal Monitor report released by the IMF in Washington DC. The Fiscal Monitor report tracks the expenditure patterns of about 189 countries that are members of the IMF and proposes measures that can be instituted by governments of these countries to control public expenditure. ...

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Dr Nasiru Issahaku appointed Governor of Bank of Ghana

President John Dramani Mahama has appointed Dr Nasiru Issahaku as the Governor of Bank of Ghana. His appointment follows a decision by Dr. Kofi Wampah who took an early retirement, four months before the end of his term on August 05, 2016. First Deputy Governor of the Bank of Ghana (BoG), Millison Narh, took over as acting governor of the Bank ...

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BoG governor to step down early at end-March

Bank of Ghana Governor, Henry Kofi Wampah, will retire this week, he said on Tuesday, cutting short a four-year term during which he has struggled to curb inflation and stem the decline of the national currency. Wampah, whose term officially ends on Aug. 5, told Reuters he had informed President John Mahama of his intention to leave by the end ...

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Fuel Prices Up By 5%

Fuel prices have been reviewed upwards, a statement by the Chamber of Petroleum Consumers has noted.According to the chamber, the review is necessarily to make up for the shortfalls as a result of the increase of price of crude oil on the international market. The changes takes effect today, Thursday, March 17.“Activities and movements in world market prices, which have ...

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MP questions sale of oil blocks when law to regulate them is yet to be passed

A Member of the Mines and Energy Committee of Parliament, Isaac Asiamah, is questioning what he thinks is the haste in selling off oil blocks in the offshore basin when a bill expected to regulate such deals is yet to be approved by Parliament. The Atwima Kwawoma MP told Joy News’ Elton John Brobby the situation does not offer value ...

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Businesses’ Strike Render Sections Of Tema Port Empty

Business activities at the freight forwarding section of the Tema Harbour have been halted following the three-day strike by the Joint Private Business Consultative Forum. The strike, which begun on Monday, forms part of plans by the business associations to protest the high tax regime. It also follows what the forum calls a failure by government to heed their demands for a reduction ...

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Naira Crashes To 300 Against Dollar

Monday’s stoppage of foreign exchange sales to Bureau De Change operators by the Central Bank of Nigeria failed to lift the naira on Tuesday as the currency exchanged for 300 against the United States dollar in Kano, 290 in Lagos and 292 in Abuja. Financial experts said the naira would decline further, while private sector operators described the move as ...

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NPP Will Revive Oil Palm Industry, Says Alan Kyerematen

Former presidential aspirant and former Minister of Trade, Industry and Presidential Special Initiatives, Alan Kwadwo Kyerematen, has assured the people of the Brong Ahafo region of a revival of the oil palm industry, which has collapsed under the John Mahama led-National Democratic Congress government. Addressing a meeting of Moslem clerics and chiefs of settler communities in Derma, in the Tano ...

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