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BoG Hikes Policy Rate To 24.5%

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has increased the Policy Rate by 250 basis point to 24.5%. This is the highest policy rate increase since 2017. The rate hike means it will become more expensive to borrow from the banks, a situation that will push …

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KNUST Students Develop Cost-effective Instrument To Measure Temperature And Light Energy From The Sun

Some students at the Mechanical Engineering Department of KNUST have developed a relatively cost-effective digital instrument for measuring ambient temperature and light energy from the sun. The instrument is designed to ease the daunting and expensive task of students accessing readily-available digital instruments for such purpose. The annual energy output …

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CPA Warns Public Against Pre-registered SIM Cards

The Consumer Protection Agency (CPA) has expressed concern over the influx and sale of pre-registered sim cards in Ghana. It has described the situation as a national security threat and has called on the mandated agencies to act swiftly to salvage the situation.   CPA has indicated that fraudsters are …

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Ghana Banned Exportation Of Foodstuff

The Food and Agriculture Minister, Dr. Owusu Afriyie Akoto says government has banned the export of foodstuff to neighbouring countries.   Dr. Akoto says the move is aimed at preserving enough food in the country following reports of food shortages across the globe. Speaking to journalists in Kumasi, Dr. Owusu …

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DVLA Announces Increment In Service Fees

The Driver Vehicle Licensing Authority (DVLA) has announced an increment in fees and charges for services at their offices.   pic.twitter.com/gWtBMruUDb — My Ghana Media (@MyGhanamedia2) September 30, 2022   In a statement, DVLA revealed that Parliament had approved the increase in fees and that it was being “inputted” on …

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Car Dealers Bare Teeth Over 35% Penalty On Duty

The Vehicle and Assets Dealers Union of Ghana (VADUG) has expressed utter dismay over government’s decision to slap 35% penalty on duty on imported used vehicles which are between one to five years old. The dealers, who are already paying high duties on such vehicles,a cc said the new policy …

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