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Tuesday 17 October 2017

2017-10-12

[N] PURC boss, Samuel Sarpong, sacked
[N] Don’t stampede gov’t into closing fuel stations – OMCs
[N] £350k Scandal: Otumfuo clean – Sacked Bank Official
[N] 245 suspected drug peddlers, prostitutes arrested in Ashanti
[N] Don’t follow ‘malicious’ social media – Rawlings advises Media General
[N] Gov’t withdraws Zongo Development Fund bill

2017-10-11

[B] Ghana woos investors at IMF/World Bank Meetings
[B] Hybrid power stations to add 850MW to grid
[N] Agric College Students Picket At MoFA Today
[N] We don’t need cabinet meeting to solve gas explosions – Namoale
[N] Cost of home loans drop to 30.6 %
[B] Ghana’s exports rise to $ 8.9 billion
[N] Gov’t investigating report of Ghanaian ISIS fighters – Majority
[N] Tension in Bimbila ahead of late chief burial Thursday
[N] Akufo-Addo's 'one achievement, one launch' is new NPP strategy
[N] God is the reason - 13-year-old KNUST student says
[N] Workers on the Kejetia market project to lay down tools following threats
[N] Parliament tasks 3 committees to investigate gas explosions
[N] Mansco Gas must compensate explosion victims – Mahama Ayariga
[N] Police accused in Delta Force 13 case

2017-10-10

[B] Airlines upbeat about boost in business
[N] Earlier charges against Delta Forces dropped
[N] SUNDA Int. & TWYFORD Ceramics donate to gas explosion victims
[N] Operation to ban public smoking in Tamale to be activated after six arrested in
[N] AUCC founder launches book about his life as public servant and private citizen

2017-10-09

[S] Ghana Rugby team beats Mauritius in impressive Sevens campaign
[N] Thieves steal car at Legon after man fled from Atomic gas explosion
[N] Fuel explosions: NPA to employ 200 extra safety auditors – Agyarko
[N] Petrochemical workers opposed gov’t's new policy on gas explosions – Abu Ramadan
[N] Kwadaso Agric. College Students boycott lectures over unpaid allowances
[N] Court grants withdrawal of application against lawyer for EC boss
[N] Nana Addo to personally pay for presidential correspondent’s funeral
[N] NDC financiers, others frustrated our fight against 'illegal' fuel stations - Ay
[N] New Ya-Naa Will Be My 1st Year’s Crowning Achievement – Akufo-Addo

2017-10-08

[N] Kwadaso MP visits flood prone areas after heavy down pour
[I] Ellen Johnson Sirleaf Touts Legacy As She Prepares To Step Down  
[N] Wassa Akropong Shooting; 4 Arrested
[N] Brother Of 13-Year-Old KNUST Student To Break Sister’s Record
[N] Encroachment of Owabi Forest cause of flooding at Atafoa- Assemblyman
[N] Kwadaso: building kills 2, 1 in critical condition
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Business

[ 2017-10-11 ]

Ghana’s exports rise to $ 8.9 billion
Ghana is benefitting from increased revenue from
her exports which is ultimately expected to reduce
the country’s burden on imports and correct the
Balance of Trade (B0T).

The latest figures by the Bank of Ghana indicate
that the country received 8.95 billion dollars
from her exports in August 2017 compared to the
estimated 7 billion dollars it spent on importing
goods for the same period in 2017.

While the total exports represent a growth of
27.8% between August 2016 and the same period in
2017, total imports represents a drop of 12.27%
within the one year period.

The Bank of Ghana (BoG)’s summary of economic and
financial data indicates that Ghana started
recording positive balance of trade at least
within the first quarter of 2017.

The country in August 2017, made 8.95 billion
dollars in export revenue from cocoa, oil and gold
altogether.

This represents 1.95 billion dollars more compared
to the 7 billion dollars the country earned for
the same period this year.

Of the amount, revenue from oil exports went up by
over 140 percent between August 2016 and the same
period in 2017.

The country, in August 2017, raked in 1.68 billion
dollars up from the 683 million dollars recorded
in the same period last year.

Meanwhile, gold recorded the second highest growth
of about 25 percent.

Export revenue from the mineral went up from 3 to
3.79 billion dollars within the one year period.

However cocoa recorded the least growth in export
revenue of about 16 percent.

The cash crop raked in 1.99 billion dollars in
August 20177, from the 1.72 billion dollars
recorded in August 2016.

On imports, Ghana’s oil imports witnessed the
highest drop of about 28 percent; from 1.2 billion
dollars to 900 million dollars.

But non-oil imports such as food and other
consumables amounted to 6.86 billion dollars, down
from the 7.6 billion dollars between August 2016
and August this year.

Source - citibsinessnews.com



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