The Ghana Statistical Service on Wednesday said the annual producer price inflation was 33.1 percent year-on-year in June. This was up slightly from its revised estimate for May of 33.0 percent. Producer price inflation is an advanced indicator of consumer price inflation, which rose to 15 percent in June, driven mainly by a persistent depreciation of the local cedi currency. Featured Image: Category: EconomyRecommended: 1Share This: Compose Homepage: 1
The Ghana Statistical Service on Wednesday said the annual producer price inflation was 33.1 percent year-on-year in June. This was up slightly from its revised estimate for May of 33.0 percent. Producer price inflation is an advanced indicator of consumer price inflation, which rose to 15 percent in June, driven mainly by a persistent depreciation of the local cedi currency. Featured Image: Category: EconomyRecommended: 1Share This: Compose Homepage: 1
The Institute of Economic Affairs (IEA) has warned that unless government shows greater fiscal discipline it would be forced to seek a bail-out from the International Monetary Fund (IMF) to restore economic stability. Speaking at the IEA’s mid-year economic review in Accra, a Senior Economist of the think-tank, Dr. John Kwakye, said government must get tough on its expenditure and tackle head-on the domestic factors that created the challenges confronting the economy. “This should include rationalisation
The Institute of Economic Affairs (IEA) has warned that unless government shows greater fiscal discipline it would be forced to seek a bail-out from the International Monetary Fund (IMF) to restore economic stability. Speaking at the IEA’s mid-year economic review in Accra, a Senior Economist of the think-tank, Dr. John Kwakye, said government must get tough on its expenditure and tackle head-on the domestic factors that created the challenges confronting the economy. “This should include rationalisation
Having had the privilege to work with thousands of individuals over the years through conferences, seminars and other avenues, I’ve realised that there’s one thing that we all have in common regardless of our age, race, gender or class. We are all born impregnated with dreams that are ready to be birthed at some point in our lives. We’ve often heard it being said that the richest place in the world is the graveyard. This is because therein you’ll find unborn dreams, untapped talent, unfulfilled
Having had the privilege to work with thousands of individuals over the years through conferences, seminars and other avenues, I’ve realised that there’s one thing that we all have in common regardless of our age, race, gender or class. We are all born impregnated with dreams that are ready to be birthed at some point in our lives. We’ve often heard it being said that the richest place in the world is the graveyard. This is because therein you’ll find unborn dreams, untapped talent, unfulfilled
The Supreme Court yesterday ordered the Bank of Ghana (BoG) to respond to the actual issues in the case on whether it has provided a stable currency in accordance with the constitution, while deferring a ruling on the central bank’s preliminary objection until the response is filed. John Ephraim Baiden, a lawyer and banking lecturer, filed the case in the country’s apex court in March seeking among others a declaration that “upon a true and proper interpretation of Article 183(2)(a) of the
The Supreme Court yesterday ordered the Bank of Ghana (BoG) to respond to the actual issues in the case on whether it has provided a stable currency in accordance with the constitution, while deferring a ruling on the central bank’s preliminary objection until the response is filed. John Ephraim Baiden, a lawyer and banking lecturer, filed the case in the country’s apex court in March seeking among others a declaration that “upon a true and proper interpretation of Article 183(2)(a) of the
The Ghana Employers Association (GEA) has called for severe punishment for smugglers of counterfeit pharmaceutical products and textiles into the country to deter the practice and save local industries. Alex Frimpong, the association’s chief executive, believes the current punishment of a fine not exceeding GH¢ 24,000 or three years imprisonment or both is not enough to save local industries badgered by the influx of counterfeit products. “The current maximum amount of GH¢24,000 or a jail
The Ghana Employers Association (GEA) has called for severe punishment for smugglers of counterfeit pharmaceutical products and textiles into the country to deter the practice and save local industries. Alex Frimpong, the association’s chief executive, believes the current punishment of a fine not exceeding GH¢ 24,000 or three years imprisonment or both is not enough to save local industries badgered by the influx of counterfeit products. “The current maximum amount of GH¢24,000 or a jail
As part of efforts to empower and confidently connect its customers, telecommunication service provider, Vodafone Ghana will embark on new initiatives to create unique and a more value experiences for customers. “This year promises to be exciting for our customers. We are committed to providing our customers with the best products and services, and a great network experience,†said the Chief Executive Officer (CEO) of Vodafone Ghana, Haris Broumidis. Speaking to journalists on the objectives
As part of efforts to empower and confidently connect its customers, telecommunication service provider, Vodafone Ghana will embark on new initiatives to create unique and a more value experiences for customers. “This year promises to be exciting for our customers. We are committed to providing our customers with the best products and services, and a great network experience,†said the Chief Executive Officer (CEO) of Vodafone Ghana, Haris Broumidis. Speaking to journalists on the objectives
GDS Link, a global provider of customer-centric risk management, process automation and Credit Reference Bureau solutions, says that its division, GDS Modellica Ltd., Ghana, has signed a Software Evaluation agreement with afb, a consumer finance business, for the usage and testing of the DV360® solution. afb plans to call for the integration of the Data Engine component of the DataView360 Credit Risk management suite with afb’s Loan Origination System. Through this integration afb will automate
GDS Link, a global provider of customer-centric risk management, process automation and Credit Reference Bureau solutions, says that its division, GDS Modellica Ltd., Ghana, has signed a Software Evaluation agreement with afb, a consumer finance business, for the usage and testing of the DV360® solution. afb plans to call for the integration of the Data Engine component of the DataView360 Credit Risk management suite with afb’s Loan Origination System. Through this integration afb will automate
The issue of biometric data has become very topical in this modern world we live in, but the question most Ghanaians are seeking answers to is: “Why biometric at this time†when the country is in dire economic crisis with no sign of recovery and statutory bodies are floundering to meet their obligations while Ghanaians are now surviving only on hope? This is because the thought of total collapse of our beloved country is as unbearable as that of a statutory scheme like the National Health Insurance
The issue of biometric data has become very topical in this modern world we live in, but the question most Ghanaians are seeking answers to is: “Why biometric at this time†when the country is in dire economic crisis with no sign of recovery and statutory bodies are floundering to meet their obligations while Ghanaians are now surviving only on hope? This is because the thought of total collapse of our beloved country is as unbearable as that of a statutory scheme like the National Health Insurance
The National Insurance Commission (NIC) has developed new guidelines to compel insurance companies to pay claims that have been established as genuine within seven days. The Commission believes the guidelines will help to boost confidence in an industry that has over the years been battered by claims redemption challenges which have left many people in pain, affecting confidence and trust in insurance companies. The NIC contends that implementation of the ‘No Premium, No Cover’ policy has made
The Shea-nut and Soybean Suppliers Association of Tamale has expressed gratitude to Nuts For Growth (N4G), a new nuts company that is being built in the Northern Region with the aim of creating more than 30,000 jobs. The company is aiming at creating 30,000 indirect and 700 direct jobs to reduce unemployment in the Northern Region. The Association said N4G is putting up a factory at Duuyin, a community along the Tamale/Salaga highway, to process shea-nuts, maize and soya beans, and appealed to the
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