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Pulse Business Wrap - 13th April, 2016

107 views · Published 13 April 2016 · 1:34 · Indexed 29 October 2026

Channel: Pulse Ghana · 2016 · Entertainment

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In first interview, BoG governor talks price stability

Bank of Ghana (BoG) Governor Abdul-Nashiru Issahakuhas pledged to fight inflation and ensure price ensure price stability.

Speaking for the first time since becoming the governor of the BoG on April 4, Issahaku told Reuters that he also wants to sanitise the microfinance sector and enhance the regulator's transparency and capacity.

Inflation to hit single digit by 2017

Ghana’s inflation rate is set to reach single digit by end of 2016, as has been optimistically announced by Deputy Governor of the Bank of Ghana, Millison Narh.

Speaking at the 25 anniversary of NDK Financial Services, Millison Narh was upbeat about the central bank’s ability to stir the country back a single-digit inflation rate.

Financial experts are however doubtful that the target will be achieved given the usual gross over expenditure by governments during election years.

We go to the currency market now where

Currency                      Buying                         Selling

Dollar                            3.82                             4.12

Pound Sterling             5.38                              5.68

Euro                             4.35                            4.65

 

On how your stocks performed on the GSE Index today

 

ECOBANK GHANA LTD were the biggest losers of the day, losing 9p to close at 6.90p

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