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Ghana August inflation rate up by 0.3%

The year-on-year inflation rate for August was 9.9 per cent up from 9.6 per cent recorded in July 2018. The monthly change rate in August 2018 was zero per cent, compared with the rate of 0.4 per cent recorded in July 2018. The year-on-year non-food inflation rate for August 2018 …

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Ghana’s banking sector highly exposed to fraud – BoG

Ghana’s banking sector is said to be highly exposed to different fraud types such as cyber fraud, suppression of cash and deposits, forgery of documents and alteration of accounts.  Dr. Joseph France, the Head of Financial Stability at the Bank of Ghana made the remarks at a sensitization workshop organized …

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Lack of transparency in Chinese lending will increase Africa’s debt burden – LeCompte

As African leaders get ready to leave the Chinese capital of Beijing after the third Summit of the Forum on China-Africa Cooperation (FOCAC), they may be smiling and looking forward to accessing the $60 billion pledged by Chinese leader, Xi Jinping. There was a $50 billion pledge he made three …

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The UK is sending Adoboli back to Ghana

Kweku Adoboli, the investment banker who went to the UK when he was four years old, but found himself at the wrong side of the law while working for Swiss banker UBS and was jailed for causing the loss of (£1.8bn) approximately $2.3 billion has been detained by the Home …

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China promises another $60b for African countries

The Chinese president, Xi Jinping has pledged another $60 billion in aid, investments and loans to African countries. He made the pledge at the ongoing Forum on China-Africa Cooperation (FOCAC) in Beijing. In 2015 China made a similar $60 billion pledge to Africa. The pledge includes $15 billion of aid, …

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Africa warned against copying China’s development model

Professor Li Anshan, Director, Africa Research Centre, Peking University of China, has cautioned Africa against copying the development models of China and other developed nations. He said such moves could be a recipe for disaster for Africa economies because their natural environment, cultures and histories were different from China and …

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