Category: Top Stories
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Inflation drops marginally to 52.8% in February 2023
Inflation fell for the second month in 2023 to 52.8% after a 19-month surge. This means that in the month of February 2023, the general price level was 52.8% higher than in February 2022, representing a 0.8 percentage point lower rate of inflation compared to January 2023. This was captured in the data released by…
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Gold for Oil policy will save Ghana $4.8bn annually – Veep
Vice President Dr Mahamudu Bawumia has stated that the country will save $4.8 billion annually from the ‘Gold for Oil’ policy. According to him, this is the most important aspect of the policy which is aimed stabilising prices of fuel products, as well as reduce pressure on Ghana’s foreign exchange. Speaking at the commissioning of…
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Gold for oil policy to further reduce fuel prices in coming days – Bawumia
Vice President Dr. Mahamudu Bawumia has announced that consumers of petroleum products should expect a further decrease in the prices of fuel at the pumps as a result of the implementation of government’s Gold for Oil Policy. Already, the national average price for petrol and diesel currently stands at GH¢13.53 and GH¢13.69 respectively. Dr. Mahamudu…
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Expect your matured coupons within 48hrs – Govt tells bondholders
Government says processes for paying matured coupons on outstanding bonds commenced on Monday, March 13, 2023, and urged bondholders to expect such payments to hit their accounts within the next 48 hours. This was captured in a statement issued by the Ministry of Finance on Tuesday, March 14. “Government is pleased to announce that processes…
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Govt gradually destroying financial market – Senyo Hosi
The Convener of the Individual Bondholders Forum, Senyo Hosi, has slammed the Finance Ministry, the Ghana Stock Exchange (GSE) and the Securities and Exchange Commission (SEC) over their woeful handling of the financial market. Speaking on the Citi Prime News on Tuesday, March 14, Mr Hosi said the failure of the Finance Ministry to honour…
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Pensioner bondholders lament govt’s failure to pay matured coupons
The Pensioner Bondholders Forum has expressed disappointment over government’s failure to pay out matured coupons to investors who did not tender their bonds under the Domestic Debt Exchange Programme. This is the second time the government has failed to pay coupons that matured between February 6 and 20. In an interview with Citi News, Dr.…
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MMDAs urged to profile investment avenues to attract investors
Players in the Agribusiness sector are urging the various Metropolitan, Municipal and District Assemblies (MMDAs) across the country to profile the investment avenues within their jurisdiction to attract investors. According to the players the role of the MMDAs in the growth of the agriculture sector is critical and should not be underestimated. In a media…
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Ghana loses over $16 million to post food harvest- Danish Embassy
The Denmark Ambassador to Ghana, Tom Nørring is calling for a stronger partnership between Danish and Ghanaian businesses to finding feasible solutions to the food wastage recorded in the country. He explains that Ghana loses about 50% of its food harvest to wastage. This development he believes can be mitigated if players in the agricultural…
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Silicon Valley Bank crisis: What led to stock crash, what lies ahead?
America’s Silicon Valley Bank (SVB), one of the most prolific lenders in the private market ecosystem, has been embroiled in a major crisis. SVB Financial Group bonds plunged alongside its shares after the company moved to shore up capital after losses on its securities portfolio and a slowdown in funding. Several experts have compared the…
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Energy Minister scheduled to speak on Ghana’s near-term opportunities at NAEPEC 2023
The Energy Minister, Dr Matthew Opoku Prempeh participating for the first time in the North Africa & Europe Energy & Hydrogen Exhibition & Conference (NAEPEC). The Conference is organised at the Fira Barcelona, Gran Via, Barcelona, Spain from the 13-17 March, 2023. Dr. Prempeh will be speaking on Monday, March 13, as a keynote speaker…