Category: General
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Activities in mining and quarrying push June PPI to 7.6%
The Producer Price Inflation (PPI) for June 2019 has increased to 7.6 percent compared to the same period in the previous year. This rate represents a 0.9 percentage point increase in the producer inflation relative to the rate recorded in May 2019 which was 6.7 percent. The Producer Price Index measures the average change over…
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GUTA pleads with traders to reduce prices after reduction in import duties
The Ghana Union of Traders’ Associations (GUTA) has pleaded with its members to pass on the benefits that came with government’s decision to reduce the benchmark value of imported goods as well as a reduction in the calculated value of vehicles at the ports. In a press release issued on Tuesday, GUTA said the gain…
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COPEC calls for removal of stabilisation levy on fuel prices
The Chamber of Petroleum Consumers (COPEC) is impressing on the National Petroleum Authority (NPA) and the Ministry of Finance to remove the stabilization levy on prices of petroleum products if they are to protect the interest of consumers. COPEC maintains that the seeming inability to utilize the levy to cushion consumers when global crude oil…
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Minority demands full disclosure of judgment debt beneficiaries
The Minority in parliament is demanding full disclosure of companies and individuals that benefited from about 300 million judgment debt announced by the Finance Minister, Ken Ofori-Atta. Mr. Ofori-Atta last week told parliament government has paid about 300 million cedis as judgment debt most of which were inherited by the Nana Addo government. But speaking…
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Renewable Energy Act to be amended — Energy Ministry
The Ministry of Energy has disclosed that the Renewable Energy Act is being amended to bring more clarity on the policies and regulations of the act. According to the Ministry, the move is to ensure active participation of the private sector in achieving government’s goal of scaling up the penetration of renewable energy in the…
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Fire Service advocates balconies in high rise buildings
The Ghana National Fire Service (GNFS) has impressed upon corporate institutions seeking to build high rise structures to incorporate balconies to aid in evacuation exercises in cases of fire incidents. The Service believes the move will reduce fatalities at such facilities when fires occur. Divisional Officer Grade III at the Greater Accra Fire Service, Eric…
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GOIL moves to compensate customers after Standards Authority findings
Some Oil Marketing Companies have moved to restore confidence in the services of their fuel stations cited by the Ghana Standards Authority for shortchanging their customers The companies cited include GOIL which is now giving 25 percent free fuel on any quantity of fuel bought at their Galilea and Mile 11 stations in Accra, the…
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Gov’t to digitise distribution of pre-mix fuel this year – Veep
Vice President Dr. Mahamudu Bawumia on Wednesday said the government will digitise distribution of pre-mix fuel this year to crack down on the frequent smuggling of the product and ensure efficiency so that only registered boats enjoy government’s subsidies on the commodity. He said the team working on the digitisation of the commodity has…
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LPG Cylinder Recirculation Pilot programme begins in October — Bawumia
Vice President Dr Mahamudu Bawumia on Wednesday said significant progress has been made towards the pilot implementation of the Cylinder Recirculation Model under the National Liquefied Petroleum Gas (LPG) Promotion Policy. He said the Policy sought to ensure that LPG consumers have access to safe, efficient, affordable and environmentally-friendly LPG for commercial, industrial and…
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Collapsed 347 microfinance companies: Receiver to come out with validated names soon
The Head of the Other Financial Institutions Supervision Department at the Bank of Ghana Mr. Joseph Amoah-Awuah has stated that the receiver of the defunct 347 microfinance companies and the 39 money lending companies is validating claims of customers of the companies. This follows calls from some customers who complained of not hearing from the…