Business24 Newspaper 11th December, 2020

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THEBUSINESS24ONLINE.NET

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FRIDAY DECEMBER 11, 2020

NO. B24 / 138 | NEWS FOR BUSINESS LEADERS

FRIDAY DECEMBER 11, 2020

Akufo-Addo vows to restore growth

Inflation back to single digit By Joshua Worlasi Amlanu macjosh1922@gmail.com

F

or a fourth consecutive month, consumer inflation has slowed, reaching a single digit in November, although still above the pre-COVID-19 level. November inflation was 9.8 percent, which is 0.3 percentage points (ppts) lower than the October rate of 10.1 percent. Cont’d on page 3

EC to issue report on procurement processes

By Eugene Davis

President Akufo-Addo

By Nii Annerquaye Abbey annerquaye@gmail.com

P

resident Nana Addo Dankwa Akufo-Addo has vowed to restore economic growth to preCovid-19 levels, after he was declared winner of the closely-

contested December 7 polls. “My immediate task will be to continue with the process of reversing the effects COVID-19 has had on our economy and on our lives, and put the nation on course for full economic recovery and development,” he said in his victory speech at

ECONOMIC INDICATORS EXCHANGE RATE (INT. RATE)

Business24 Limited. Copyright@2020 All Rights Reserved. Tel: +233 030 296 5297 Editor@thebusiness24online.net

his residence in Accra. “Before the pandemic struck, Ghana, in recent years, was one of the fastest-growing economies in the world. I give you my word, we will regain this reputation,” he added.

BRENT CRUDE $/BARREL

POLICY RATE

14.5%

NATURAL GAS $/MILLION BTUS

GHANA REFERENCE RATE

15.12%

GOLD $/TROY OUNCE

OVERALL FISCAL DEFICIT

11.4% OF GDP

PROJECTED GDP GROWTH RATE AVERAGE PETROL & DIESEL PRICE:

0.9% GHC 5.13

T

he Electoral Commission (EC) boss, Jean Mensa, says the commission will release a report on its procurement processes and savings made to date.

Cont’d on page 2 INTERNATIONAL MARKET

USD$1 =GHC 5.7027

ugendavis@gmail.com

CORN $/BUSHEL COCOA $/METRIC TON COFFEE $/POUND:

Cont’d on page 3 Follow us online:

$41.26 2.622 1,922.57 329.50 $2,339.27 $109.65

facebook.com/business24gh twitter.com/business24gh linkedin.com/pg/business24gh instagram.com/business24gh


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