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Inflation in May rises to 42.2% – GSS

The year-on-year inflation rate for May 2023 has increased to 42.2%, up from the 41.2% recorded in April 2023. According to the Ghana Statistical Service,...

Business

Germany in recession as inflation hits economy

An adjustment to growth figures shows that persistent inflation helped push Germany into recession in the first three months of the year. Europe's largest economy...

Business

African central banks are ready to keep rates as inflation falls

Most African central banks are expected to keep interest rates unchanged in the coming two weeks as decades-high inflation eases following more than a...

Business

Inflation in US below 5% since 2 years

Inflation in the US dropped to its lowest level in two years last month as a result of lower prices for milk, new vehicles,...

Business

MTN to increase price of products in Ghana, 18 other African markets

Bloomberg reports that MTN Group Limited is set to revise the prices of its products in 19 African countries. South Africa, Nigeria and Ghana are...

Business

Reduce lending rates to reflect fall in inflation – BoG to banks

The Bank of Ghana has entreated commercial banks to lower lending rates at a time macroeconomic performance of the nation, including inflation, is improving. Elsie Addo Awadzi,...

Business

Inflation continues to fall, now at 41.2% as of April

In April 2023, inflation dropped for the fourth consecutive month, to 41.2% from 45% in March 2023, according to the Ghana Statistical Service (GSS). Since...

Business

March saw another decline in Fed’s preferred inflation indicator

A new data released on Friday April 28 by the Commerce Department, says the Federal Reserve's preferred inflation measure continued to decline in March,...

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Ghana’s inflation drops to 45% in March 2023

Ghana's inflation for March 2023 has fallen sharply to 45%. This was influenced by some deflation recorded by the Food and non-alcoholic beverages group. The...

Business

Euro and dollar stay steady despite bank fears receding

The U.S. dollar and euro steadied on Thursday as concerns over the banking sector receded, while investors switched focus to inflation for more hints...

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Jury acquits Diddy of sex trafficking, convicts him of transporting women for prostitution

“Don’t make me and Stonebwoy fight ooo”- Samini warn netizens

Kanye West’s Heil Hitler song bans him from entering Australia