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Food prices go up in Techiman

A Ghana News Agency (GNA) survey in the Techiman Municipality in the Brong-Ahafo region has revealed an increase in food prices, which has been attributed to the beginning of the new planting season, Christmas festivities and the recent celebration of Eid-Ul-Adha festival by Muslims. Mr Dominic Akussung, Techiman Municipal Marketing …

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Ghana cedi depreciates since January

The year-to-date Ghana cedi depreciation to the dollar now stands at 24.57 per cent, the Gold Coast Securities (GCS)-Cedi Index has shown. This means that the cedi since January 2008 had weakened to the dollar by that percentage. It recorded 0.48 Ghana pesewas (GHp) depreciation to the dollar on Monday. …

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Credit Union in Kumasi declares profit

St. Martin Co-operative Credit Union (CRU), recorded a net profit of GH¢ 51,663.16 this year as against GH¢24,648.34 declared last year. Total assets of the Union rose from GH¢1,054,263.79 to GH¢1,395,679.79 within the same period. Mr. Mathew Kwame Oppong Asare, Board Chairman of the Union disclosed these at the Annual …

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Business activities surge at Ghana-Togo border

The Ghana-Togo border at Aflao witnessed brisk business on Monday with much heavier vehicular and human traffic across the crowded frontier. With Christmas just three days away, such heavy human and vehicular activities across the frontier were to be expected. The situation however seemed to be fuelled by speculations that …

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Man fined GH¢220 for stealing grasscutters

A Sekondi District Magistrate’s Court on Monday fined Stephen Cudjoe 38, GH¢220 on his own plea for stealing two grasscutters valued at GH¢100. In default, Cudjoe would serve three months imprisonment in hard labour. Prosecuting, Assistant Superintendent of Police (ASP) Albert Deletsa said the complainant, Richard Essien a trader residing …

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Factory prices in Ghana drop

The annual percentage change in the Producer Price Index (PPI), which is the percentage change for all industry, between November 2007 and November 2008, which measures inflation in prices of goods at production level, recorded 19.35% for November this year. This implies that ex-factory prices for all industry, which includes …

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Oil prices fall below $40 on fears of weaker crude demand

Oil prices fell Tuesday in Asia, adding to a sharp drop overnight, as concern that energy demand is evaporating in the face of a severe global economic slowdown sent crude below $40 a barrel. Light, sweet crude for February delivery fell 64 cents to $39.27 a barrel in electronic trading …

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Ghanaian youth asked to stay away from cyber fraud

The youth, have been tasked to work hard to achieve academic excellence and progress in their chosen professions rather than engage in cyber fraud. The Reverend Enoch Osafo, Pastor in charge of the Taifa Central branch of the Christ Apostolic Church International, expressed his regret over the misuse of the …

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GhIPPS not preventing private operators from electronic payment system – CEO

The Chief Executive Officer of Ghana Interbank Payment and Settlement Systems (GhIPPS), Mr Frederick France, has dismissed suggestions that private electronic payment service providers are being prevented from carrying out their operations. “It is not true that GhIPPS is preventing the private switch providers from the market. Our task is …

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GCB to introduce mobile banking next year

Ghana Commercial Bank (GCB) on Monday said it would introduce mobile banking services next year to enable its customers to transact banking businesses even outside of banking halls. This new service is aimed at bringing banking operations closer to customers, especially very busy ones, who do not have time to …

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