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    Deadline for debt exchange program moved to February 7 with new terms

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    Policy Rate increased by 100 basis points; now at 28%

    Africa loses $88bn annually through illicit financial flows – Akufo-Addo

    AMA to roll out digital revenue collection system in March 2023

    We will not layoff Vodafone staff – Telecel

    Petrol to sell for GHS15 in February – IES

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Ghana’s public debt stock hits ¢575.7bn in November 2022; more than 90% of GDP – BoG

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    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

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    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

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    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

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Fuel prices up by 27% from today

bycitibusinessnews
January 4, 2016
in Business, News, Oil And Gas
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The latest increase of between 18 to 27 percent in the prices of petroleum products occasioned by the passage of the Energy Sector Levy (ESL) by Parliament last month, is expected to take effect from today [Monday] January 4.

Although a good number of fuel stations say they will be effecting the changes today, Citi News’ checks at some fuel stations in Accra over the weekend, revealed that some have already started charging the new prices.

At some of the fuel stations visited around the Kwame Nkrumah Circle, a gallon of petrol was selling at about Ghc15.40 pesewas with diesel going for Ghc14.50 pesewas.

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But majority of them said they were waiting to effect the changes from Monday.

The price of LPG has also gone up by about 18 percent price per kilogram. But for the introduction of the levy, the price of diesel would have been reduced by 10%.

Petrol on the other hand, would have been reduced by some 5.5 percent per liter at the pumps but the levy has triggered an increase of at least 27 percent.

Meanwhile, the Ghana Private Road Transport Union (GPRTU) has warned all its members to desist from increasing transport fares until the union engages the Transport Ministry.

Some transport owners have served notice of a possible increase in fares.

But the Chairman of the GPRTU Kwame Kuma in an interview with Citi News said drivers have no right to increase the fares until a directive is given to that effect.

In recent times, transport fares have remained unchanged despite intermittent marginal reductions in the prices of petroleum products as a result of the implementation of the petroleum deregulation policy.

–

By: Ebenezer Afanyi Dadzie/citifmonline.com/Ghana

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