Author: Michael Ogbodu
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Government must begin pegging of port exchange rate right away- GUTA
The Ghana Union of Traders Associations (GUTA) has indicated that it expects the government to, as soon as possible, begin the implementation of its proposed measures to check the constant hike in port duties in the country. GUTA President Dr. Joseph Obeng stated that it was ‘very welcoming … for which we are very grateful.’…
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Fuel prices to hit GHS18/litre in December if government doesn’t intervene – COPEC
If steps are not taken to curb the rampant increase in the prices of fuel at the country’s filling stations, the Chamber of Petroleum Consumers Ghana (COPEC) predicts that fuel prices could reach GHS18 per litre by the end of the year. ‘We are now hitting GHS15 per litre for fuel,’ according to Duncan Amoah, Executive…
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Fuel prices jump to almost GHS16/litre
Over the weekend, fuel prices have shot up to almost GHS16 per litre at some stations in the country. At a leading Oil Marketing Company, Total Energies, for instance, the price of Diesel now stands at GHS15.99 while petrol sells for GHS13.10. This is a sharp rise from the GHS11.06 per litre for petrol and…
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E-levy still failing, government must scrap policy – Dr Ampaabeng
Despite the recent announcement of an increase in the revenues generated from the Electronic Transfer Levy, Tax analyst, Dr Alex Ampaabeng is of the view that the policy ought to be reviewed or scrapped entirely. He stated that “E-levy as it stands, I would say it has failed and it’s got to the point where…
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Fintech players laud BOG’s caution to MoMo loan, defaulters
Players in the fintech space have praised the announcement by the Bank of Ghana that defaulters of Momo loans stand the risk of being denied access to future credit facilities adding that it would help enhance Ghana’s credit system. Speaking to Citi Business News on the sidelines of the launch of the Qore ID Chief…
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Cylinder Recirculation Policy to begin in parts of the country by December
The government has announced that the Cylinder Recirculation Policy is set to kick off in parts of the country by the end of the year. This comes years after the policy was introduced as a stop-gap measure following the atomic junction gas explosion saga in 2017. Speaking at the Ghana International Petroleum Conference, Chief Executive…
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Prices at the pumps to fall marginally – IES
The Institute of Energy Security (IES) is projecting a slight reduction in fuel prices in the coming days. This is despite an almost 11 per cent drop in prices on the world market. The about 3.6 per cent depreciation of the cedi against the dollar has however thwarted any significant drop in prices at the…
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EOCO, SEC caution public against doing business with these 17 unlicensed entities
The Securities and Exchange Commission (SEC) is cautioning the public against doing business with some 17 entities providing investment products without a license. In a joint statement issued by SEC and the Economic and Organized Crime Office (EOCO), it was revealed that these entities were found to be operating through online portals. This was a…
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Don’t extend ban on exportation of grains again – Peasant farmers to gov’t
The Peasant Farmers Association of Ghana has described the ban on the exportation of selected grains in the country as counterproductive. The government had announced an extension of the ban on produce such as maize, rice, soybeans, and other grains. The ban, which took effect in September 2021, was due to expire at the end…
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Ghanaians express concern over NCA’s latest directive on SIM re-registration
Some Ghanaians have raised concerns over the latest directive by the National Communications Authority on the SIM re-registration exercise. The authority announced that Persons who are yet to commence re-registration of their SIM cards or yet to fully complete the process will begin to experience interruptions in their service for two days a week till…