Category: Top Stories
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Producer Price Inflation decreases marginally to 52.1% in January 2023
Recent data from the Ghana Statistical Service, GSS, indicates that the Producer Price Inflation (PPI) for the month of January, 2023 fell marginally to 52.1%, from the 52.2% recorded in December 2022. Producer price inflation is the average prices of goods and services received by domestic producers for their production activities. Per the latest data…
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DDEP: Govt announces final principal amounts of new bonds
The government has announced the final principal amounts of new bonds in the settlement of the domestic debt exchange programme (DDEP). The Finance Ministry in a statement disclosed that: ”In anticipation of the settlement of the Domestic Debt Exchange Programme (DDEP) on 21St February 2023, the Government announces the aggregate principal amount of each series…
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Telecel Group acquires controlling stake in Vodafone Ghana, signaling new era of innovation and growth
Telecom giant Vodafone Group Plc has concluded the sale of its 70% controlling stake in Vodafone Ghana (Ghana Telecommunications Company Limited – GTCL) to Telecel Group, following regulatory approval and the agreement of the Ghanaian Government, as a minority shareholder. The move marks the most significant development for the Ghanaian telecoms firm since 2008 when…
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Third World Network Africa urges Africans to be strategic about AfCFTA
Third World Network Africa, a research and advocacy organization is urging African leaders to develop strategies that will move the continent away from the challenges that confront it by leveraging on the African Continental Free Trade Area. The advocacy group explains that the lack of political will to execute the already discussed policies has delayed…
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Ecobank Kenya appoints Josephine Anan-Ankomah as new Managing Director
Ecobank Transnational Incorporated (ETI) has appointed Ghanaian career banker, Mrs. Josephine Anan-Ankomah as the Regional Executive, Central, Eastern and Southern African (CESA) and Managing Director, Ecobank Kenya. Her appointment has since received clearance from the Central Bank of Kenya. Mrs. Anan-Ankomah leaves her role as Ecobank Group Executive, Commercial Banking. She has served the Bank…
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Irregularities in Ghana’s import substitution policy will be addressed – KT Hammond
The trade minister designate, K. T Hammond, is pushing for a thorough review of Ghana’s import substitution policy to ensure a boost in the country’s export earnings. The policy, which aims to reduce imports and increase local production to enhance the economy, has been in place for several years but has yet to make a…
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We’ll keenly monitor every step in ‘Gold4Oil’ chain – Opoku Prempeh assures
Energy Minister, Dr Matthew Opoku Prempeh has assured that his ministry will keenly monitor every step in the Gold for Oil programme value chain from the ship that brings the oil, through delivery to the BDCs, to the OMCs and to the pumps. This, according to Dr Opoku Prempeh will ensure that the purposes for…
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Men in public sector earn more salaries than women – GSS report
Men working in the public sector earn higher salaries than women in the same sector. This was contained in a report released by the Ghana Statistical Service (GSS) themed “Ghana 2022 earnings: Inequality in the public sector”. GSS in the report disclosed that men have a higher average monthly net salary of GH₵2,669 as against…
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Residential users to pay 100% instead of 85% for electricity consumed – PURC
The Public Utilities Regulatory Commission (PURC) has stated that residential users of electricity are likely to pay the full cost of services provided by the utility provider by the end of the year. This comes on the back of a recent upward adjustment of tariffs by the utility regulator which saw an increase in electricity…
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Attorney General okays sale of Vodafone Ghana to Telecel
After scrutinising documents relating to the transfer of shares in the sale of Vodafone Ghana to Telecel, the Attorney General has given clearance for the transaction. The Finance Ministry had earlier written to the Attorney General with a request for a review of all relevant transaction documents on the transfer of 70 per cent majority…