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Monetary Policy Rate Increased To 27%

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has increased the Monetary Policy Rate by 250 basis points to 27 percent   The prime rate, which is of keen interest to businesses, signals the rate at which the Central Bank will lend to commercial banks. It also …

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Nigeria’s Govt Unveils New Naira Notes

The President of Nigeria  Muhammadu Buhari on Wednesday finally unveiled the re-designed Naira Notes as proposed by the Central Bank of Nigeria (CBN). The CBN Governor, Godwin Emefiele, had on Tuesday said that the president will unveil the newly designed N1,000, N500 and N200 notes. The unveiling marks the first …

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Fuel Prices See Marginal Reduction At Pumps Today

Prices of petrol and diesel at the pumps are likely to decline by between 10 to 12 per cent from Wednesday, November 16, the Chamber of Petroleum Consumers (COPEC) has projected. In its projections for the November 2022 Second Pricing Window, the Chamber said petrol prices were likely to fall …

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Ghana Cocoa Industry Has No Future – GNACOFA

The Ghana National Cocoa Farmers Association (GNACOFA) has learnt that, the cocoa industry in Ghana is not in their interest and have a bleak future. According to them, the 2019 report on the global cocoa industry, the chocolate industry alone earn a whooping $130 Billion, out of this amount, the …

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