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    Bank of Ghana widens its scope on cryptocurrency

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    Our cars to sell for cheaper soon- locally assembled automobile companies

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    Ghana’s inflation rate rises again; hits 31.7% in July 2022

    Fitch downgrades Ghana’s credit rating from B- to CCC

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    Bank of Ghana widens its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

    GIPC and GSE sign MoU to attract more investment into Ghana

    Appolonia City unveils its first commercial building; Adumuah Place

    Dr. Ampabeng advocates consolidation of road taxes into fiscal policy

    WAPCo commits to cleaner and reliable energy

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    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

    Extend SIM card re-registration exercise to January 2023 – MoMo agents

    Vodafone agrees sell stake in Ghana’s business to Telecel

    Telecoms Chamber and IIPGH advocate sustained coding education

    IIPGH to enter coding education partnership with Telecoms Chamber

    PayAngel joins Microsoft for Startups Founders Hub

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    African countries that could follow Sri Lanka into economic chaos

    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

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Gov’t slashes fuel coupons for appointees by 50%

bycitibusinessnews
March 24, 2022
in Local Economy, Top Stories
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Government appointees will have to endure a reduction in their fuel coupons as the government initiates steps to cut down on its expenditure.

The Minister of Finance, Ken Ofori-Atta in his address to the nation on Thursday, March 24, 2022, announced a 50% decrease in the fuel allocations for government appointees.

“These times call for very efficient use of energy resources. In line with this, there will be a 50% cut in fuel coupon allocations for all political appointees and heads of government institutions, including SOEs, effective 1st April 2022.”

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Ken Ofori-Atta also mentioned that there is an embargo with immediate effect on all foreign travels except ones that are pre-approved and statutory.

Addressing the press on measures taken to help tackle the current economic challenges, the sector minister said that unless it is necessary that the foreign travel be embarked upon, no political or government appointee will be allowed to travel.

He further noted that a complete suspension has been imposed on the importation of vehicles for the rest of the year, 2022, to help reduce total vehicle purchases by the public sector by at least 50%.

“With immediate effect, a moratorium has been imposed on all foreign travels except pre-approved critical statutory travels.”

“The government again with immediate effect has imposed a moratorium on all purchase of imported vehicles for the rest of the year, this will affect all new orders, especially four-wheel drives. We will ensure that the overall effect will reduce total vehicle purchases by the public sector by at least 50%.”

Fuel prices reduced by 15 pesewas per litre effective April 1

Fuel prices will go down by 15 pesewas per litre effective April 1, 2022. This reduction will be in place for three months. This was disclosed by the Minister of Finance while announcing measures put in place by the government to cushion Ghanaians against current economic shocks.

Among the new measures is a 50% cut in fuel coupons issued to state officials including state agencies and a further 10% cut in government expenditure.

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