Author: Emmanuel Oppong
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Fuel pricing: COPEC predicts marginal drop in first window of June 2023
The Chamber of Petroleum Consumers Ghana (COPEC) is projecting a marginal decline in the prices of fuel in the first pricing window of June 2023. COPEC attributes this projection to the relative stability of the forex rates although the international market benchmark prices of crude oil haven’t been that favorable. The Chamber is further predicting…
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ACEP pushes for research in Africa’s energy sector
With the African Oil and Gas market projected to register a compounded annual growth rate of more than 5.5 per cent between 2022- 2027, the African Center for Energy Policy (ACEP) is calling for holistic research into the energy sector to secure the future of the continent. The Think Tank explains that with the global…
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African leaders urged to employ energy policies that will transform Africa
Third World Network Africa, a research and advocacy organization is urging African leaders to re-look their respective energy transitions plans to make it more tactful to address the economic needs of the continent. The advocacy group maintains that although the continent is working towards a shift from fossil fuels to renewable energy, the current energy…
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IEA casts doubt on robustness of Ghana’s IMF programme
The Institute of Economic Affairs has described the Extended Credit Facility IMF bailout offered Ghana as a “straitjacket” programme which has rendered the managers of the nation’s economy with limited innovative economic ideas to turn the ailing economy around. Ghana received the first tranche of the IMF cash on Friday, May 19 after successfully embarking…
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COVID -19 levy must be abolished – Importers & Exporters insist
Despite the government’s insistence of maintaining the COVID-19 Health Recovery Levy, the Importers and Exporters Association of Ghana, is calling for the immediate abolishment of the levy. The importers and exporters argue that government must completely do away with the Covid -19 levy as well as the Special import levy and the financial recovery levy…
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Halt implementation of utility tariffs increment- FABAG tells govt
The Food and Beverages Association of Ghana (FABAG) is impressing on government to direct the Public Utilities and Regulatory Commission (PURC) not to roll out its recent announcement of increment in tariffs. Effective June 1, 2023, the cost of water services will see an upward adjustment for all consumer groups whiles electricity and natural gas…
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Don’t shortchange customers; use standardized measurements – Traders told
Traders have been advised not to shortchange consumers by embracing standardized measurement in the markets. The Ghana Standards Authority which is encouraging the traders says this is to ensure trade facilitation and guarantee the protection of both consumers and traders. John Opoku Danquah is the Acting Head of Scientific Metrology at the Ghana Standards Authority;…
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Utility tariff increase will cripple businesses – AGI
The Association of Ghana Industries (AGI) has expressed disappointment at the Public Utilities Regulatory Commission (PURC) for announcing an upward adjustment in utility tariffs. Effective June 1, 2023, the cost of water services will see an upward adjustment for all consumer groups whiles electricity and natural gas is also expected to go up by 18.36%.…
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Unilever Ghana PLC records GHS 15 million profit in 2022
Unilever Ghana PLC has recorded GHS 632million in revenue for the 2022 financial year. This represents a 20 percent increase from the GHS 530million recorded in 2021. This is contained in the 2022 Annual Report and Consolidated Financial Statements of the company presented to shareholders. Summarily, the company recorded a profit of GHS15 million in…
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GSA to clamp down on sub-standard cables, electrical products dealers
The Ghana Standards Authority (GSA) is moving to crack the whip on businesses defaulting in the sale of standardized cables and electrical products. In the coming days, the Authority will be deploying over 200 chartered trained officers into various markets to enforce standards compliance. Director General of Ghana Standards Authority, Prof. Alexander Dodoo at a…