THEBUSINESS24ONLINE.NET
1
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