Government Statistician Samuel Kobina Annim has disclosed that Ghana’s inflation rate for April witnessed a slight decrease to 25.0 per cent. This marks a marginal decline from the previous month’s rate of 25.8 per cent, representing a decrease of 0.8 percentage points. Professor Annim attributed this decline to a slowdown in food inflation, which decreased…
In response to mounting concerns raised by the LPG Marketers Association, the National Petroleum Authority (NPA) has pledged unwavering support to alleviate operational expenses for Liquefied Petroleum Gas (LPG) traders. The contentious issue at hand revolves around the proposed imposition of an $80 per metric ton (MT) fee on suppliers’ premiums, aimed at bolstering investments…
Instead of spending all your time earning money, you have to start making your money work for you. If you don’t start making strategic investments, you will never generate passive income. Passive income means that you can invest your money from savings into assets that will generate a risk-adjusted return, without spending your time to…
The Ghanaian cedi has continued its downward slide against major foreign currencies, with corporate demand driving its depreciation. Year-to-date, the cedi has lost 13.35% of its value against the US dollar, now averaging GH¢14.10 to a dollar across forex bureaus. Additionally, it has weakened significantly against the euro and the pound. Last week, the Central…
Cocoa extended its surge — surpassing $9,000 a ton for the first time ever — as a supply crunch grips the market and chocolate makers grapple for beans. Futures are up about 50% this month alone and have more than doubled already this year. Poor harvests on the back of bad weather and crop disease in…
Producers of indigenous Ga dish, Kenkey, in Teshie and Osu have challenged the Minister for Food and Agriculture, Bryan Acheampong’s assertion that kenkey prices are decreasing. Within the week, the minister has lauded the government’s Planting for Food and Jobs initiative, saying it has caused the price of maize to be stabilised. “There is a lot of…
