Author: Michael Ogbodu
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We remain committed to getting LPG retailers to resume operations – NPA
The National Petroleum Authority (NPA) has assured consumers of its commitment to getting LPG Retailers to resume operations soon. Speaking to Citi Business News, the Communications Manager at NPA, Mohammed Abdul-Kudu, stated that his outfit is working hard to have the issues resolved. He stated that the assurance he could give to the consuming public…
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Disregard reports of a reintroduction of road tolls in the country – sector ministry
The Ministry of Roads and Highways has discredited assertions of a reintroduction of road tolls across the country. This comes after the Finance Minister, Ken Ofori Atta’s presentation of the midyear budget review where he had indicated the commencement of the collection of road tolls on some roads in Accra. The sector ministry in a…
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Eximbank commits $10 million to sustain Ghana’s largest yam exporter position
The Ghana EximBank is set to commit 10 million dollars to the sector to sustain Ghana’s position as the world’s largest exporter of yam. Speaking to the media on the sidelines of a stakeholder forum on yam exports, Chief Executive Officer of the Ghana EximBank, Lawrence Agyinsam, stated that the amount his outfit is committing…
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Finance Minister Ken Ofori Atta likely to lose job as minority in parliament seek vote of censure
The Finance Minister, Ken Ofori Atta, risks losing his job as the Minority caucus in parliament is gathering signatures to kick start a vote of censure proceedings against him. The move seeks to invoke article 82 of the constitution which provides the procedure of removing a Minister of State through proceedings in parliament. The finance…
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Delay in paying contractors worsening govt’s debt position – Construction Chamber
The government’s consistent delay in the payment of contractors is further worsening its debt position. This is according to the Ghana Chamber of Construction industry, which stressed that the government’s non-payment continues to attract penalties which balloon the amount owed them. CEO of the Chamber, Emmanuel Cherry stated that “if a contract is being given…
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Oil & Gas Service providers call for enforcement of regular fuel storage tank cleaning rule
To ensure the quality of petroleum products sold at the pumps is not compromised, players in the oil and gas services sector are demanding the strict enforcement of standards and protocols across the value chain. The National Petroleum Authority was established by law to regulate the petroleum downstream industry in Ghana and Benjamin Armstrong, the…
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NPA encourages consumers to lodge complaints of foul play at the pump for redress
The National Petroleum Authority is encouraging the public to reach out to its office whenever they have a challenge with products sold to them at the pumps. This according to the NPA will enable it to weed out non-compliant companies in the system. Communications Manager at NPA Mohammed Abdul-Kudus stressed that it was important that…
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Banks must improve their systems to check rising spate of financial fraud – e-Crime Bureau
Cyber security firm, e-Crime Bureau is encouraging businesses in the financial sector to beef up their security and ensure they safeguard their systems to mitigate the occurrence of fraud. This follows a recent report by the bank of Ghana which indicated an increase in fraud-related losses by Banks and specialized deposit taking institutions in Ghana…
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We did no wrong in sale of 260 metric tonnes of slop oil – TOR
Management of the Tema Oil Refinery (TOR) has refuted claims of wrongdoing in a recent sale of about 260,000 tonnes of slop oil. This follows a recent publication that suggested that TOR was involved in a shady deal with some unlicensed companies. The report revealed what it described as a shady transaction between state-owned Tema…
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Fuel prices to go up by over GH¢1 per litre soon – COPEC
It appears the woes of fuel consumers are not yet over, as the price of the commodity is tipped to increase by about 12 percent in the next pricing window of June 2022. This would mean that the average price of fuel is likely to increase by about GH¢1.33 per litre. While petrol prices are…