Business

Eurozone inflation picks up to 1.9%

Inflation in the eurozone accelerated in April, returning to the European Central Bank (ECB)’s target. Initial estimates from Eurostat showed inflation in the bloc hit 1.9%. That was up from 1.5% in March, but just below February’s...

Average deposit rate drops again in 2017

The average interest offered by banks on customer deposits has dropped by about 0.4 percent between February and March this year. The figure declined from 11.6 percent as at end of February 2017 to 11.2 percent as at end of March; the latest Annual...

Gov’t slashes fertilizer prices by 50%

Government has reduced the prices of fertilizer by 50 percent to motivate farmers to increase crop yields and also pave way for more exports. The Ministry of Food and Agriculture revealed that the price of compound fertilizer (NPK) which was GH¢85...

GOIL commissions $15m marine gas storage facility

The Ghana Oil Company (GOIL) on Wednesday commissioned a 15 million dollar Marine Gas Storage (MGS) facility, the largest in the country to improve the bunkering industry and the Ghanaian economy in general. The 13.5 million litre capacity project...

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