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    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

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    Manufacture of petroleum products push PPI to 31.2% in April

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    Akufo-Addo worried over impact of fertiliser shortage on poultry industry

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    Agribusiness Chamber demands resignation of Agric Minister over sector woes

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    Manufacture of petroleum products push PPI to 31.2% in April

    Nigeria begins processes to join Ghana-Côte d’Ivoire Cocoa Initiative

    Victor Yaw Asante, FBNBank Ghana MD

    Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD

    6th CEO’s Summit pushes for ease of doing business law to boost economic growth

    Policy rate likely to be increased to tame inflation – Databank CEO

    Banking Consultant bemoans continuous charging of unfair fees by banks

    Chamber of IPPs disappointed over ECG’s tariff increase request

    A comprehensive storage strategy will deal with post – harvest losses & inflation – CSIR

    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

    NPA allays fears of fuel scarcity in the country

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    Ho Node Hub rebrands as Node Eight

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    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

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    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

    Seth Terkper advises against e-levy; urges government to run to IMF

    AfCFTA members conclude negotiations on rules of origin to enhance free trade

    Implement strategies to sustain increased consumer preference for digital payments – Bawumia

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Hoteliers apprehensive about power challenges in 2017

bycitibusinessnews
January 11, 2017
in Government, Local Economy, Top Stories, Tourism
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The Ghana Hotels Association has expressed fear of a recurrence of unstable power supply within the first quarter of the year 2017.

The challenge that confronted the country’s power sector between 2012 and 2016 affected most sectors of the economy.

Like other sectors, some hotels were compelled to shut down over operational challenges.

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The hotel subsector also recorded a negative growth of 2.2 percent.

The Greater Accra Regional Chairman of the Ghana Hotels Association, Dr. Edward Ackah Nyamekye Junior told Citi Business News members of the association would not want to experience such outages within the first quarter to save their industry.

“We are getting scared with some of the reports we are getting now. There is some information making rounds that if the country is not careful, we may go back to another power crisis so we are pleading with the government to ensure that this does not happen because we don’t want to go through that experience again at all,” he stated.

In the hoteliers’ view, the challenge of low sales that normally characterizes the first quarter of every year risk worsening should the power crisis remain unresolved.

“It affected us negatively some hotels had to close down some hotels had to lay off workers and the consequences of that crisis still lingers on that is we are pleading with the government to ensure that  their concern is with the energy sector so that we will have continuous power to grow our businesses,” Dr. Ackah added.

–

By: Anita Arthur/citibusinessnews.com/Ghana

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