Author: Ellen Dapaah
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Producer Price Inflation rises again by 4.7% to hit 38% in June
Producer Price Inflation continues to go up as latest data from the Ghana Statistical Service indicates that the average cost of inputs received by domestic producers for the production of their goods and services for the month of June rose by 38 percent. This rate indicates that between June 2021 and June 2022 (year-on-year), the…
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Over 15.7 million Ghana cards issued so far – NIA boss
Over 15.7 million Ghanaians current have received their Ghana cards, the Executive Secretary of the National Identification Authority (NIA), Prof. Kenneth Agyemang Attafuah, has disclosed. Speaking to Bernard Koku Avle on the Citi Breakfast Show on Thursday, July 21, 2022, Prof. Attafuah said data available to him reveals that 16,969,034 persons have registered for the…
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MPR must be maintained due to slowdown in inflation curve – Economist proposes
Economist with GCB Capital Limited, Courage Boti has suggested that the Monetary Policy Committee should maintain the current monetary policy rate despite calls by other stakeholders to increase it to stem inflation. Although the country’s inflation rate increased to 29.8 percent in June, the 2.2 percentage point gap compared to what was recorded the previous…
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AfCFTA Secretariat, Equity Group Holdings partner to deepen Africa’s economic integration
At the margins of the 41st Ordinary Session of the Executive Council of the African Union taking place in Lusaka, Zambia, the African Continental Free Trade Area (AfCFTA) Secretariat and Equity Group Holdings have signed a Memorandum of Understanding to deepen the economic integration of the African continent. The partnership seeks to implement the AfCFTA…
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IEA proposes increase in Monetary Policy Rate by 100 to 150 basis points
The Institute of Economic Affairs (IEA) is asking the Monetary Policy Committee of the Bank of Ghana to increase the monetary policy rate by another 100 to 150 basis points to 20 or 20.5 percent. This is ahead of the Central Bank’s MPC press conference on Monday, July 25 which might see the review of…
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Mid-year budget: Atta-Akyea confident gov’t will prioritize revenue measures reforms
Ahead of the mid-year budget review, Chairman of the Mines and Energy Committee of Parliament, Samuel Atta-Akyea, is confident government will prioritize making revenue measures effective. The mid-year budget review which was earlier slated for this week was postponed due to the government’s engagement with the IMF for a bailout program. All other things being…
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Aya Institute launched to promote skills enhancement of financial sector professionals
The Aya Institute for Finance & Management, an international training centre of excellence, has been launched in Accra. The Institute, which emerged from a public private partnership of the German Development Cooperation and four private partners, is expected to contribute to an improvement in the capacities of future and current employees of the financial sector…
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IEA suggests hybrid approach in tackling rising inflation rate
The Institute of Economic Affairs (IEA) is asking the government to take overall responsibility in checking the rise in the country’s inflation rate, as it suggests the use of a hybrid approach to deal with the situation over the long term. This approach, according to the Institute, is a combination of the inflation targeting approach,…
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Ghana’s inflation rate soars again; hits 29.8% in June 2022
Ghana’s inflation rate soared again to hit 29.8 percent in the month of June, a 2.2 percentage point increase compared to the 27.6 percent recorded in May. This comes as many stakeholders continue to mount pressure on the government and the Bank of Ghana to quickly institute measures to check the continuous rise in the…
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COCOBOD laments deforestation in cocoa sector
Deforestation is a major issue in Côte d’Ivoire and Ghana, which together produce nearly two-thirds of the world’s supply of cocoa. Côte d’Ivoire and Ghana respectively lost 25% and 8% of their primary forest between 2002 and 2019, with a significant portion of deforestation due to cocoa farming. The Ghana Cocoa Board has described this…