Pulse.com.gh logo

Pulse Business Wrap Inflation hits 17.7% for December 2015

This represents a marginal increment of 0.1% on the 17.6% recorded for November 2015.

  • Published: , Refreshed:

Hello, good evening and welcome to the Pulse Business Wrap.

Here are our headline stories for today

 Inflation hits 17.7% for December 2015

The Ghana Statistical Service  has pegged the inflation rate for the month of December 2015 at 17.7%.

This represents a marginal increment of 0.1% on the 17.6% recorded for November 2015.

Ashanti Region recorded the highest year-on-year rate of 19.2%  while the Upper East Region recorded the lowest rate of 13.7% in the month under review.


1% withholding tax on interest suspended


Elsewhere,the Ghana Revenue Authority has directed the suspension of 1% withholding tax on interest earned by individuals in a press statement issued in Accra today.

The suspension is in response to government's proposals to parliament to repel the law following public backlash after banks sent out text messages to customers informing them about the new law.


On the currency market, 

Currency                    Buying                                   Selling

Dollar                           3.79                                       3. 90

Pound Sterling              5.56                                       5.60

Euro                         4.1                                              4.42


To updates from the stock exchange today, 

Ghana Commercial Bank experienced the biggest loss of the day, dropping  3p to close at 3.75p, whereas Benso Oil Palm Plantation recorded the biggest gain, earning 26p to close at 2.80 p.


And that's a wrap for business for today. For more log on to the website pulse.com.gh

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos

Top Articles

1 Investment banks in Ghana Top 5 investment banks in Ghana and why you...bullet
2 Incompetence Otabil wasn't qualified to be Capital Bank Board Chairman...bullet
3 Breaking Otabil finally breaks silence on banking controversiesbullet
4 Salaries In 2018 Here are the dates public workers will be paid in...bullet
5 Education Top 5 private high schools in Ghana according to WAECbullet
6 Banking In Ghana Stranded customers of First Allied Savings &...bullet
7 Nana Appiah Mensah Menzgold CEO invited by EOCObullet
8 Collapsed Banks Here are the auditing firms for the 7...bullet
9 Tax Policy Gov't weighs in on controversial MoMo taxbullet
10 $100K Saga Presidency denies having knowledge of...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Money Alert Meet Africa's richest womanbullet
3 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
4 Plane Crash Starbow suspends operations following plane crashbullet
5 Former Capital Bank staff grills pork for survivalbullet
6 Bozoma Saint John 10 quotes from Uber top official, Bozoma,...bullet
7 Support Finance minister buys Kantanka carbullet
8 Dr Joseph Siaw Agyepong Nobody can collapse my company –...bullet
9 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
10 Tech 6 reasons you should buy an iPhone SE instead of...bullet