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Ghana banking clean-up cost risks surging to $3.5b

Bloomberg The cost of Ghana’s financial sector clean-up risks escalating to 20 billion cedis ($3.5 billion) as the government weighs increasing the guaranteed payback for some depositors, Finance Minister Ken Ofori-Atta said. The West African nation has approved funding of about 16.4 billion cedis since 2017 to help recapitalise the industry and safeguard depositors’ funds after the central bank revoked ...

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UK economy won’t stay close to EU after Brexit, says Javid

Bloomberg UK Chancellor of the Exchequer Sajid Javid signalled Britain is planning to shift its economy further away from the European Union’s, firing an early salvo in what’s set to be a fractious year to hammer out their future relationship. “There will not be alignment, we will not be a ruletaker, we will not be in the single market and ...

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US job openings fall in Nov to two-year low

Bloomberg US job openings fell in November to the lowest level in almost two years, indicating more employers see headcounts sufficient enough to meet demand. The number of positions waiting to be filled decreased by 561,000 to 6.8 million, the lowest since February 2018, according to the Labour Department’s Job Openings and Labour Turnover Survey, or JOLTS. Openings have steadily ...

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