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Depreciating cedi to negate fuel price drop – ACEP

Benjamin Boakye - Executive Director of ACEP

The Executive Director of the Africa Centre for Energy Policy (ACEP), Ben Boakye has told Citi Business News petroleum prices at the pumps will not experience any significant drop in the coming weeks, even though crude oil price continues to drop on the international market. According to him, a continuous depreciation of the cedi against the dollar will leave prices at ...

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Port officials allay concerns over Joint Inspection

Container boxes are seen at the Yangshan Deep Water Port, part of the Shanghai Free Trade Zone, in Shanghai

With only two weeks to the implementation of the joint inspection on July 1, 2018, port officials say they are set for the exercise despite concerns that the exemption of some agencies could pose health and security challenges. The joint inspection which was earlier scheduled to start in June, was rescheduled to make way for stakeholder engagements. It forms part ...

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Foodstuff prices to stay high despite drop in fuel prices – Esoko


Esoko Ghana has dispelled any possibility of a drop in food prices following the reduction in the prices of petroleum products. Prices of petroleum products were reduced in the second week in June with a second prediction of a two percent drop. Prior to this, statistics released by Esoko showed that prices went up as much as 7 percent for some ...

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We need an authority to propel Petroleum hub project—Amin Adam


Deputy Minister of Energy in charge of Petroleum, Dr. Mohammed Amin Adam, has defended calls for the setting up a special authority to oversee the management of Ghana’s Petroleum Hub project. Dr. Amin believes a dedicated authority will among other things facilitate the raising of the needed funds to develop the petroleum hub. The hub is expected to cost about 50 billion ...

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Gov’t to use research works for policy formulation

Mohammed Ibrahim Awal- Business Dev't Minister

Government policies aimed at enhancing the business environment in Ghana will from now be drafted based on research conducted by business educational institutions, Minister for Business Development, Mohammed Ibrahim Awal has said. His comment follows research conducted by the University of Ghana Business School (UGBS) which showed the momentum of real sector growth in Ghana has waned since 2014 after ...

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Oil marketers push for full employment under cylinder recirculation policy

CEO of the Association of Oil Marketing Companies (AOMCs), Mr. Kwaku Agyeman Duah

The Association of Oil Marketing Companies, has stressed that it will push for full employment for its members under the cylinder recirculation module to protect the interest of LPG distributers. The assertion comes after the LPG Marketers raised concerns that the new cylinder recirculation policy will render them jobless if implemented. Already, the CEO of the National Petroleum Authority (NPA), ...

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Fintechs have 6 months to meet new cyber security standards—BoG warns


The Bank of Ghana (BoG) has urged all fintechs operating in the country to improve their cyber security systems to meet international standard requirements ahead of the passage of the Payment Systems and Services Bill by end of 2018. According to the central bank, the new law will take into account technology, innovation, and consumers’ demand for better services. Speaking ...

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Low internet penetration in Africa due to lack of terrestrial fibre


Experts at the Africa Session of the International Telecoms Week conference in Chicago have described terrestrial fibre constraints as the mother of all bottlenecks hindering increased Internet penetration on the continent. During his presentation on the theme “Enabling Content on the African Continent”, Chief Executive Officer of research firm, Xalam Analytics, Guy Zibi analyzed the African digital journey, highlighting dramatic ...

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Renewable Energy Master Plan to be launched this year


The Ministry of Energy has indicated that the renewable energy master plan currently before parliament will help create an energy hub for Ghana. According to the ministry, the master plan after its implementation will attract investors in the renewable energy sector of the country. Speaking to Citi Business News on the sidelines of a Solar Energy Day event under the theme: ‘Paving ...

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Patrons empowered at #CitiBizFestival’s Sales Revolution


Citi FM/Citi TV’s two-day Sales Revolution ended in Accra on Friday at the Coconut Grove Regency Hotel. The about 130 participants of the Sales Revolution were empowered by sales experts, Maxwell Dodd and Mawuli Ocloo, who showed them keys to excel in their sales work and achieve their targets. The participants comprised sales personnel from top companies in the country ...

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