Author: Bobbie Osei
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IES charges NPA to encourage OMCs to reduce fuel prices
The Institute for Energy Security (IES), has called on government through the National Petroleum Authority (NPA), to bring pressure to bear on Oil Marketing Companies (OMCs), to reduce prices of fuel at the pumps to reflect the trend on the international market and the relative stability of the Cedi against the US Dollar. Even though…
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Investors urged to understand risk-return profile before investing on Stock Market
Investors have been cautioned against following the bandwagon when it comes to investing on the Ghana Stock Exchange this year. According to the General Manager of UMB Stockbrokers, Ben Ackah, investors need to prioritize understanding their risk-return profile before investing in popular stocks. The risk–return spectrum, also called the risk–return trade-off or risk–reward, is the…
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Defunct S&Ls customers doubtful they’ll be paid despite President’s promise
The Coalition of Affected Savings and Loans Customers has expressed doubts about Presidents Akufo-Addo’s assurance that they will start receiving their payment from Monday, February 24. President Akufo-Addo during the State of the Nation Address announced that the Receiver for the collapsed Savings and Loans and Microfinance Companies will start disbursing an amount of 5…
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Car dealers urge gov’t to consult on moves to regulate importation of used vehicles
The Automobile Dealers Union Ghana (ADUG), has reiterated calls for government to hold broader consultations with all stakeholders in the automobile industry, regarding the intended regulation and a possible ban on the importation of some category of second-hand and salvaged vehicles. Data available from the Ghana Revenue Authority (GRA), Customs Division, indicates that between 2005…
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Be efficient in using Eurobond proceeds to attract better rates – Lord Mensah urges gov’t
Financial Economist and Senior Lecturer at the University of Ghana Business School, Dr. Lord Mensah, has called on government to judiciously invest proceeds from the recently issued US$3 billion Eurobond, to ensure that the country attracts lower coupon rates in subsequent Eurobond issues. According to him, investors are likely to accept lower rates in the…
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Customers of Savings & Loans, Microfinance including DKM to get full payments
Vice President, Dr. Mahamudu Bawumia, says all customers of defunct savings and loans and microfinance companies will be paid their locked up funds in full, including DKM customers who were affected in 2015. This is the second time a high government official has made the assurance following a directive by President Akufo Addo to the…
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Boost TOR’s capacity and spend less dollars on oil import – Energy Consultant
An Energy Consultant with Petroleum Development Oman, an exploration and production company, Yusif Sulemana has called for the immediate retooling of the Tema Oil Refinery, TOR, to play its role of refining crude oil within the petroleum value chain. His call comes barely a month after Ing. Herbert Ato Morrison was appointed Managing Director of…
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Consumers lament ‘high cost’ of courier services as E-commerce booms
As internet and mobile phone usage increases, it is not only connecting people, but also facilitating e-commerce, making it easy for people to purchase items or deliver same conveniently. This is often made possible by the growing number of courier services in the country. While this is becoming the preference for many, there’s an emerging…
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COPEC urges Gov’t to tread cautiously over increasing cost of LPG
The Chamber of Petroleum Consumers (COPEC), says the implementation of government’s Cylinder Re-circulation policy and the efforts to get more Ghanaians to use LPG for domestic purposes, may come to naught if the rising cost of LPG is not reversed. LPG prices at the pumps have risen significantly affecting both commercial and domestic users. According…
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Moody’s rating influenced coupon rates for US$3billion Eurobond – Lord Mensah
The government’s successful issuance of a US$3 billion Eurobond in three installments has been partly attributed to the recent improvement in Ghana’s ratings from a stable outlook to positive by international rating agency, Moody’s. Moody’s based its rating on what it calls rising confidence in Ghana’s institutions which are expected to lead to stability in…