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“After a thorough and unbiased assessment, collapsed banks and financial institutions shall be restored”-Mahama

Former President John Mahama pledged that following a “unbiased assessment,” all of the banks that the Akufo-Addo administration, under the ministerial direction and oversight of former Finance Minister Ken Ofori-Atta, collapsed would be returned to their owners. The Bank of Ghana closed ten banks that belonged to Ghanaian businessmen between …

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Ghana’s inflation drops marginally to 23.1% in May

May 2024 saw a small decline in inflation to 23.1%. This is less than the 25.0% recorded in April, a decrease of 1.95 percentage points. Government Statistician Professor Samuel Kobina Annim told reporters during a press briefing that transportation had 10.5% monthly inflation. He urged the government to come up …

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