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PURC splashes Gh¢99k on X’mas hampers

The management of the Public Utilities Regulatory Commission (PURC) spent GH¢99,663 on Christmas hampers for 2012, the Auditor General has revealed. According to the latest Auditor General’s report (2014) on public boards, corporations and other statutory institutions, although the amount was released for the purchase and distribution of the hampers in 2012, “the purchase of hampers was not retired nor ...

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KNUST students manufacture multi-purpose drones

Provost of the College of Engineering, Professor Mark Adom-Asamoah   Students of the College of Engineering of the Kwame Nkrumah University of Science and Technology (KNUST), have manufactured drones for various purposes.The development of the drones are in line with the University’s core mandate as a Science, Technology and Engineering based institution to propel national development.The Provost of the College ...

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Moody’s say Mahama’s previously undisclosed arrears of GH¢7 billion ($1.6 billion), will heighten Cedi volatility!

Source: bloomberg.com Ghana’s worse-than-expected budget deficit will heighten currency volatility and elevate the nation’s funding demands to finance previously undisclosed arrears of GH¢7 billion ($1.6 billion), according to Moody’s Investors Service. The discovery of the payment arrears reverses Ghana’s progress on consolidating its fiscal deficit since 2015 under an International Monetary Fund program, Moody’s said in an e-mailed statement on ...

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Dow rallies past 20,000 again on strong jobs report

Source: msn.com The Dow jumped 175 points to 20,060, with Goldman Sachs contributing the most gains. The S&P 500 rose 0.7 percent, with financials rising 1 percent. The Nasdaq advanced 0.4 percent. The U.S. economy added 227,000 jobs in January, while the unemployment rate ticked higher to 4.8 percent, the Bureau of Labor Statistics said Friday. Economists polled by Reuters ...

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New GH¢5 denomination to be in circulation from March 4

Source: Myjoyonline.com The Bank of Ghana (BoG) is planning to put into circulation the new GHC5 notes from March 4. The notes which are being issued in line with the Bank of Ghana’s 60th Anniversary will circulate alongside the current notes in the system. The GH¢5 cedi denomination will be a legal tender as well as a collector’s item. The ...

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Trump pushes drugmakers for lower prices, more U.S. production leftright

Source: reuters.com U.S. President Donald Trump in a meeting on Tuesday with pharmaceutical executives called on them to manufacture more of their drugs in the United States and cut prices, while vowing to speed approval of new medicines and ease regulation. Trump told them the government was paying “astronomical” prices for medicines in its health programs for older, disabled and ...

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We’re not issuing GH¢30, GH¢100 and GH¢200 notes – BoG

The Bank of Ghana has rubbished reports going viral on social media that it is issuing new denominations of GH¢30, GH¢100 and GH¢200 respectively. In a statement Thursday, the Central Bank also called on the general public to disregard the reports stating that they are malicious. “The attention of the Bank of Ghana has been drawn to stories circulating on ...

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Ghana’s public debt hits GH¢119.9 billion

Latest figures from the Bank of Ghana indicate that Ghana’s public debt has hit a high turnover of 119.9 billion Ghana cedis at the end of November representing 71.9 percent. The figures show that the public debt rose by five billion Ghana cedis in one month, from October to November, 2016. These are latest debt figures of the country as ...

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