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Deficit slashed to 6.3%

Government has revised down key macroeconomic targets, including lowering 2017 budget deficit to 6.3% of Gross Domestic Product (GDP) from 6.5%, a clear indication of the government commitment to fiscal consolidation.

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Ghana saves more than US$3bn in exports

Ghana has saved more than US$3bn in exports value following the introduction of the Letter of Commitment module (LOC) by the Ghana Community Network Services Limited (GCNet) for the Bank of Ghana to track the repatriation of export proceeds into the country since July 1, 2016, Head of Foreign Bank Operations of the Bank of Ghana, Mr. Eric Hammond has said.

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