Author: Ellen Dapaah
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![Courier services lament negative impact of fuel price hikes on business [Video]](https://citibusinessnews.com/wp-content/uploads/2022/01/masti-courier-services.jpeg)
Courier services lament negative impact of fuel price hikes on business [Video]
Ghanaians have for several months now complained about the consistent hike in fuel prices. With the most recent one crossing the GH¢7 mark as at January 17, various stakeholders who directly use fuel for their daily activities have been seeking for an intervention, with some commercial drivers even threatening to increase transport fares. Another group…
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NPA waives Sulphur quantity required in petrol, diesel products for local refineries
The National Petroleum Authority (NPA) has waived off an ECOWAS specification regarding the quantity of sulphur allowed in petrol and diesel produced by local refineries. The waiver, taking immediate effect, will run till 31st December 2024 and will allow for licenced local refineries to remain operational whilst measures are introduced to meet the sulphur requirements…
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Banking sector stakeholders laud directive on use of Ghana card for transactions
Stakeholders in Ghana’s banking industry are elated about the Bank of Ghana’s directive to have the Ghana card as the sole ID card to be used for financial transactions. This is because they believe this will check fraud and sanitise the country’s financial system in its entirety. The Bank of Ghana, on Wednesday, served notice…
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Gov’t has no choice than to implement e-levy to salvage debt situation – Joe Jackson
Economic analysts have opined that Ghana needs to implement the electronic transaction levy, popularly known as the e-levy, in order to rake in revenue to manage the country’s debt situation. According to them, the levy is the only hope for salvaging the debt situation. The 1.75% e-Levy which has become a subject of debate among…
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Fuel price hikes: Gov’t urged to use windfall from oil export to cushion Ghanaians
As the price of Brent crude oil continues to surge on the international market, hitting US$86 per barrel as of January 17, 2021, the government is being urged to use the extra income it is making from selling Ghana’s oil to cushion Ghanaians at the pumps. In the 2022 budget, the government pegged a barrel…
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GRA to begin nationwide collection of data on properties
The Ghana Revenue Authority (GRA) has served notice to the general public especially persons who own, rent or occupy properties that it is undertaking a data collection exercise on properties nationwide. This exercise is in line with Section 33 (1 & 2) of the Revenue Administration Act, 2016 (Act 915) which states that for the…
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Economist predicts higher inflation rates in coming months
Data from the Ghana Statistical Service shows that national inflation has risen for the 7th consecutive time hitting 12.6% in December 2021. With this being the highest figure recorded in more than two years, it highlights the problem the government and the central bank are faced with in trying to balance efforts to curb price…
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Ghana’s inflation rate accelerates to 12.6% in December 2021
Data from the Ghana Statistical Service shows that the year 2021 ended with a national inflation rate of 12.6%. Compared to the 12.2% recorded in November 2021. This new figure represents a 0.4% rise in the inflation rate. Month-on-month inflation between November and December 2021 was 1.2% This is the 7th consecutive time the inflation…
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Cocoa carriers demanding better wage suspend strike
Cocoa carriers have suspended their sit-down strike after a week of agitation to demand an increment in their wages and better conditions of service. Cocoa carriers at Tema, Takoradi, and Kumasi abandoned duties and insisted the 62 pesewas they receive per bag they carry should be increased to GH¢1. Although the Cocoa Marketing Company Limited…
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8 persons arrested for alleged involvement in child labour on cocoa farms
Eight persons have been arrested for their alleged involvement in the use of children on their cocoa farms in the Ashanti and Western North Regions. This follows an investigative media report on child labour which exposed how children are hired to work as labourers on various cocoa farms. Child labour issues in the agricultural sector…