Ghana Data Insights

Your data window to Ghana on economics, politics, finance, showbiz et cetera.
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We had lots of education on this space, for those who missed, we promise you won't regret, this is a recording of our conversation on Kidney Health and how to manage Kidney disease.

https://t.co/IbIjgpzVf3

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The Gold Fields Ghana Foundation (GFGF) has invested over $6.9 million in enterprise development within its host communities over the past 22 years. A significant portion of this investment went into the Cocoa Farmers’ Support Programme (CFSP), aimed at assisting over 600 farmers

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About 22% of the price Ghanaians pay per kilogramme for Liquified Petroleum Gas (LPG) is taxes.

- LPG Marketers Association

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We're #GDI

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Ghana's Inflation for March 2024 increased to 25.8% from 23.2% recorded in February.

This marks the highest March inflation rate in ten years, following an outlier of 45% in 2023.

#GDIToday #GDI #Ghdatainsights

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Ghana’s public debt has increased by GH¢30.5bn after the country entered into an IMF deal in May 2023

Data from the Bank of Ghana revealed that the total public debt stock of the country increased from GHS 579 bn to GHS 610 bn after the country commenced its IMF programme

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Bloomberg reports show the cedi depreciated by nearly 9% in Q1 of 2024, ranking it as the third weakest currency after Nigeria and Egypt.

This decline is attributed to a reduced trade balance of $ 392.8 million in the first two months of 2024.

Source : @JoyNewsOnTV

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Two transport unions have announced an increase in transport fares, effective Saturday, April 13, 2024.

The unions announced a 15% rise for short-distance fares, 20% for long-journey trips, and a 15% increase for taxis. Short-distance taxi fares will change from GH¢ 10 to GH¢ 15

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Power crisis: 70% of the challenge is financial, liquidity related – Kwabena Donkor
#GDIToday

Nana Aba | Enokay

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Ghana’s low exposure to loans from China has enhanced its debt restructuring – World Bank
#GDIToday

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Ghana's Non-Performing Loan rate on a stratospheric rise as rate hits 24.6%.
This means every GHS100 loan sanctioned, commercial banks loses at least GHS24.6.
#GDI

Nana Aba | Amorim | Enokay

[Ghana Data Insights @GhdataInsights]

In the BoG's March 2024 MPC report, it was noted that there was slow growth in private sector credit by banks.

Specifically, in February 2024, there was a 5.1% rise, contrasting with the significant 29.5% growth seen in February 2023

[Isaac Kofi Agyei @IsaacKofiAgyei]

NPA reverses suspension of Price Stabilization and Recovery Levy on petroleum product...

The truth is, when you keep forgetting you are under an IMF programme, you will continue to take unilateral decisions only for them to be cancelled later by an IMF commitment.

[Isaac Kofi Agyei @IsaacKofiAgyei]

Is 'DUMSOR' back?
More on @JoyNewsOnTV and @Joy997FM

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Effective on Monday, 22nd January, public transport fares would be increased by 30%.

The Commercial Transport Operators of Ghana, in a press release, stated that the increase is a result of a “substantial rise in the costs of lubricants, spare parts and DVLA service charges

[Isaac Kofi Agyei @IsaacKofiAgyei]

Guinness World Records receives more than 350 applications from Ghana since July 2023
#GuinnessWorldRecords

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Budget 2024:

Government and World Bank will recapitalise the Banks through the Ghana Financial Stability Fund and Financial Sector with over GH¢10 billion to enable aggressive financing of private sector businesses.

-Ken Ofori-Atta #Budget2024

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Budget 2024:

The NHIS witnessed an expansion in coverage, with 16 million active members as at September 2023. Efforts to integrate the Ghana Card into the enrollment system are progressing steadily.

-Ken Ofori-Atta #Budget2024

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Budget 2024:

On our own, we are committing GHS 200 million to ensure that more young persons are supported into entrepreneurship.

- Ken Ofori-Atta #Budget2024

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Budget 2024:

A Task Force, comprising Public regulators and Private sector actors, has already been established to drive the Night Economy initiative under a public private partnership arrangement.

- Ken Ofori-Atta #Budget2024

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Budget 2024:

The Digital Youth Village (DYV) is a key initiative of the Ministry of Communications and Digitalisation and University of Ghana to promote digital entrepreneurship among the youth and serve as a bridge between academia and industry.

- Ken Ofori-Atta #Budget2024

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Budget 2024:

As we promote ‘December in GH’ initiatives, we will also work towards enhancing security and the lighting infrastructure.

- Ken Ofori-Atta #Budget2024