Tag: Oil
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Ghana remains an oil led economy – Statistical Service
Latest figures released by the Ghana Statistical Service show that Ghana’s economy continues to be led by the oil sector. A development, some economists have warned could have dire implications for the country’s future if not checked. For the third quarter this year, the Ghana Statistical Service stated that oil contributed largely to the growth…
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Producer price inflation drops to 7.1% in November
The Producer Price Inflation (PPI) for Ghana reached 7.1 percent in November 2017. This represents a 1.2 percent drop in the 8.3 percent recorded in October 2017. The Producer Price Inflation measures the average change over time in the prices received by domestic producers for the production of their goods and services. The Acting Government…
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Ghana’s trade surplus hits 1.4 billion dollars – BoG
New figures from the Bank of Ghana have shown that Ghana’s total balance of trade recorded a surplus of 1.429 billion dollars as at June this year. This is equivalent to 3.1 percent of GDP. The surplus is an improvement over the 1.4 billion dollars deficit recorded in the same period last year. This has…