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  • Volta Star Textiles assured of government support

    June 14, 2017 5:02 PM 5

    Juapong (VR), June 14, GNA - Dr Archibald Letsa, Volta Regional Minister, has assured management and staff of Volta Star Textiles (VST) of government’s commitment to revive the company. He said government has funds for "distressed" companies and was earnest about its industrial policy. The Regional Minister said this during a working visit to the company

  • Inflation rate falls to 12.6 in May

    June 14, 2017 3:29 PM 6

    The annual inflation rate fell to 12.6 percent in May from the 13.0 percent recorded in April, due to general decline in prices for both the food and non-food groups. Mr Baah Wadieh, Acting Government Statistician, said both the food and non-alcoholic beverages group and the Non-Food group recorded lower rates during the month. The food and non-alcoholic

  • Plastic Eggs Invade Ghanaian Market

    June 14, 2017 2:57 PM 8

    Some traders in some markets in Ghana, especially in Accra, have been found to be selling fake, plastic eggs. The plastic eggs at first glance look real but when shaken slightly appear to contain a lot of fluid. When boiled, they get the appearance of shea butter. On Wednesday June 14, host of Nkran Kwanso on Accra100.5FM, Blakk Eye, chanced upon some of the eggs at the Madina

  • Inflation rate falls to 12.6 percent in May

    June 14, 2017 2:49 PM 7

    Accra, June 14, GNA - The annual inflation rate fell to 12.6 percent in May from the 13.0 percent recorded in April, due to general decline in prices for both the food and non-food groups. The rate of inflation is the lowest since December 2013. The monthly change rate for May was 0.7 percent compared to the 1.6 percent recorded for April. Mr Baah Wadieh

  • Inflation drops to 12.6%

    June 14, 2017 1:17 PM 6

    The Prices of goods and Services for the month of May was fairly stable as inflation saw a slight decline. May inflation fell to 12.6 percent from the 13.0 percent in April. This figure is the lowest since December 2013. Greater Accra recorded the highest inflation while Upper East recorded the lowest. Acting Government Statistician, Baah Wadie attributed

  • Quicken, TD Bank Mortgage Interest Rates Wednesday Jun 14, 2017

    June 14, 2017 11:53 AM 6

    Standard 30 year loan deals have been published at 3.125% at Quicken Loans and APR of 3.60%. 30 year VA loan interest rates are listed at 3.125% carrying an APR of 3.388%. The shorter term, popular 15 year FRM interest rates at the bank are being offered for 3.50% today with an APR of 3.791%. The 5/1 ARM deals at Quicken can be had for 3.875% yielding

  • Ghana inflation falls to 12.6 percent in May vs 13.0 percent in April

    June 14, 2017 9:53 AM 6

    ACCRA Ghana's annual consumer price inflation fell to 12.6 percent in May from 13.0 percent the previous month due to lower fuel prices, the statistics office said on Wednesday. The government aims to cut inflation to 11.2 percent by the end of the year as one part of a drive to restore macroeconomic stability under a three-year assistance programme

  • Sharp sues Hisense over 'shoddily' made TV sets

    June 13, 2017 10:26 AM 2

    Sharp is suing business partner Hisense, claiming the company is putting its name on low quality TVs. Hisense can make TV sets using the Sharp name thanks to a deal it signed with the company in 2015. Sharp said the TVs bearing its name broke US rules on electromagnetic emissions and that Hisense had made false claims about picture quality. Hisense said it "categorically"

  • Moody’s downgrades SA banks and insurers

    June 13, 2017 10:00 AM 9

    JOHANNESBURG – Ratings agency Moody’s has downgraded five of South Africa’s largest banks and four insurers with a negative outlook after the country’s credit rating was downgraded last week. The long-term local and foreign currency deposit ratings of Standard Bank, FirstRand, Absa Bank, Nedbank and Investec Bank were downgraded to Baa3 on Monday, one notch

  • Rising cost of foreign holidays sees inflation soar to four-year high

    June 13, 2017 9:37 AM 5

    The rising cost of foreign holidays and computer games has helped drive up the cost of living as inflation hit its highest level in nearly four years. The rise is likely to raise pressure on the Bank of England to consider increasing interest rates beyond 0.25% when its Monetary Policy Committee meets later this week. The cost of package holidays in particular