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Wordcount: 652
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Economic Outlook And Tax Net of Ghana
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The Monetary Policy Committee (MPC), the body that determines price stability, has indicated that the economic outlook is favourable and that inflation expectations are shifting downward.
For the month of August, inflation rate stood at 27. 7 per cent easing from the June rate of 29.6 per cent. Depreciation of the Cedi has been about 3.5 per cent on the inter-bank market against the US dollar since the beginning of the year. It is a good sign. However, it will be put to severe test during the last quarter.
The bigger news is that we have reserves enough to cover 3.4 months of imports, a jump over the projected 2.3 months for this year. The increase is attributed to firm implementation of fiscal and monetary framework, savings from the
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