BUSINESS

Government to pump US$2 billion into economy to rescue cedi – Presidency

Government has announced it will inject a capital of US$2 billion into the economy to curtail the sustained depreciation of the cedi against major trading currencies. This was captured in a circular released by the Presidency on March 23, 2022. The Presidency said the move forms of measures adopted by …

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PassionAir suspends flights to Ho over fuel price hikes, high exchange rates

Local airline operators, PassionAir has suspended flights to the Volta regional capital, Ho. According to the airline, although the new Ho route did not enjoy a lot of patronage, the decision to suspend flights to that part of the country is mainly due to the increase in fuel prices. The …

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Russia war to hit construction sector as Ghana imports 60% of steel, iron ore from Ukraine – BoG

The ongoing Russia-Ukraine war will have a negative impact on Ghana’s construction industry, as the West African country imports about 60 percent of her steel and iron ore from the war-torn Eastern European nation, the Bank of Ghana has warned. At its 105th Monetary Policy Committee meeting this week, the Bank of Ghana said: …

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Beposo accident: Truck driver, mate in critical condition – Police

The driver and the conductor who were in the tipper truck that got involved in an accident between Beposo and Asemasa in the Shama District of the Western Region, claiming 14 lives on the spot, are currently receiving treatment at the Central Regional Hospital. Police say the two were able …

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Keep calm, cedi will stabilise soon – BoG Governor

Governor of the Bank of Ghana, Dr. Ernest Addison, has calmed nerves over the current rapid depreciation of the cedi, saying, the bank is implementing interventions that will stabilise the local currency against its major trading currencies in the shortest possible time. His comments come on the back of concerns over the …

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20 African countries with the highest debt-to-GDP ratio

Like other professions, Economists use many abbreviations. One of the most common is GDP, which represents Gross Domestic Product. According to the International Monetary Fund, the term has become widely used as a reference point for the health of national and global economies. The Gross Domestic Product (GDP) comprehensively measures …

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Dr. Bawumia to speak on the economy on April 7 in Cape Coast

The Vice President, Dr. Mahamudu Bawumia, will speak on the Ghanaian economy in April, his spokesperson, Dr. Gideon Boako has said. Following worsening effects on the Ghanaian economy, including price hikes on fuel and basic commodities and depreciation of the Cedi, there have been calls on the Vice President to …

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Stampede during GhanaCard registration – NIA clarifies incident

The National Identification Authority (NIA) has explained the circumstances that led to the stampede at its head office during the registration for the GhanaCard on Tuesday March 22. Corporate Affairs officer at NIA, Henry Aboagye told TV3 that “I went there, the gate was opened around 7:30AM. There was a …

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Zipline to begin home deliveries soon

Madam Naa Adorkor Yawson, the General Manager of Zipline, says her outfit will soon begin home deliveries in the country. She said the delivery would form part of efforts to promote healthcare supplies by taking advantage of the country’s digitisation drive to grow a viable healthcare system that enhances access …

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Asamoah Gyan apologises for ‘nonsense must stop’ statement

Ghana’s all-time top scorer, Asamoah Gyan, has apologised for the use of ‘nonsense’ while expressing his disappointment over Majeed Ashimeeru’s omission from the Black Stars squad to face Nigeria. Gyan, in spite of the apology, stood by his earlier words that the Anderlecht midfielder should have been included in the team to face …

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