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Fuel prices are expected to go down marginally today, Saturday, 1 February 2020 between 2 and 4%, sources at the National Petroleum Authority have told Classfmonline.com This follows a significant reduction in the price of Brent Crude on the world market. At the same time, the local currency, cedi, has …
Read More »Top European club sacks Nigerian star for returning late from Christmas break
Nigerian football star and former Manchester City player, Chidiebere Nwakali, has been sacked by his club, Kalmar FF for returning late from 2019 Christmas break. The former Nigerian youth international was in his country last December to celebrate Christmas and refused to return to Sweden after the end of the …
Read More »Public debt hits GHS214.9bn
Ghana’s total public debt stock increased by GHS6.3 billion between September and November 2019 to reach GHS214.9 billion in November 2019. This is about US$39.0 billion but lower than the September debt of US$39.2 (GHS208.6 billion) because the cedi, since the beginning of the year, had increased in value to …
Read More »Nigeria to announce reopening of its border on Friday
The Nigerian government is expected to announce the reopening of its border with Benin after months of closure. According to Citi FM’s report, the Nigerian government in a memo signed by the Comptroller of its Immigration Service, Victor David Dimka, said a decision will be announced on Friday 31st January …
Read More »Cedi to fall 8.60 percent in 2020 – Report
The Ghana cedi is projected to decline in value to the US dollar by 8.60% ± 1.50% at the end of 2020. This will be lower than the 12.9% depreciation to the American currency in 2019. This means the cedi will hover around GHS6.05 ± GH¢0.10 by 31 December, 2020. …
Read More »ECG: Prepaid credit deductions’re service charges
The Electricity Company of Ghana has attributed the deductions effected on prepaid electricity to service charges. According to the power distribution company, all residential and non-residential electricity prepaid customers in the country are charged a monthly service charge depending on their consumption. The Public Relations Manager of the utility provider, …
Read More »Stock Market pulls back to start week
The GSE Composite Index tumbled by 12.46 points (-0.55%) due to losses in two banking and telecom counters to close at 2,236.29 with a -0.92% year-to-date return while the market capitalization declined by 0.23% to settle at GH¢57.96 billion. CAL Bank (-1.02%) lowered the GSE Financial Index by 1.11 points …
Read More »ECG attributes prepaid electricity deductions to service charges
The Electricity Company of Ghana is attributing deductions on prepaid electricity to service charges. According to the power distribution company, all residential and non-residential electricity prepaid customers in the country are charged a monthly service charge, depending on their consumption. Public Relations Manager, Theresa Osabutey disclosed this in an interview …
Read More »AngloGold Ashanti to contribute US$2 for every ounce produced to develop communities
President Akufo-Addo says the AngloGold Ashanti Limited has agreed it will contribute US$2 for every ounce of gold produced into a Community Trust Fund, over the lifespan of its Obuasi Mine to facilitate development projects in the local communities of the area. According to him, a one-off contribution of US$250,000 …
Read More »Government’s initiatives are not slogans but policies – Bawumia
Vice President Alhaji Dr Mahamudu Bawumia has stated that government’s initiatives, were not slogans but policies implemented to benefit Ghanaians. He said the programmes, such as the One District One Factory (1D1F), Planting for Food and Jobs and Free Senior High School, were all policies put in place to protect …
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