Category: Government
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We’re nowhere near the era of dumsor—Energy Minister insists
Energy Minister, John Peter Amewu has called on Ghanaians to dismiss claims by the Minority in Parliament that government has returned the country to an era of load-shedding popularly called “Dumsor”. This follows recent calls by the Minority on government to be candid with Ghanaians and release a load shedding timetable following the recent power…
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Cedi depreciation to push fuel prices to ‘all time high’ –IES
The Institute of Energy Security is predicting that prices of fuel will reach an all-time high within the second pricing window in March. The IES says fuel prices could go up by 2.5%. This, they attribute to the depreciating rate of the cedi. Citi Business News finds out how consumers will accept this development. The…
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Power to be normalized within five days – Amewu
Ghanaians will have to endure the recent power outages for five more days. This is according to the Minister of Energy, Peter Amewu who blamed the recent outages on technical challenges and the construction of an interchange at Pokuase in Accra. Many parts of the country have been hit with widespread blackout twice this week.…
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Parliament defers passage of GHc2bn for Ghana Amalgamated Trust
The Government’s decision to support five local solvent but undercapitalized banks through the Ghana Amalgamated Trust (GAT) suffered a setback on Wednesday as Parliament deferred the passage of a GHc2 billion cedis sovereign guarantee for use by the Trust. After a debate on the Finance Committee report which recommended its approval by majority decision, the…
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Fuel prices to increase further if cedi depreciation continues—OMCs warn
Oil marketing companies (OMCs) are bemoaning the dire impact the cedi depreciation is having on their operations. The OMCs warn they may be forced to increase their prices at the pumps if the rate of depreciation continues. The local currency has depreciated more than 8.5 percent this year, hitting GHS5.54 from GHS4.99 at the beginning…
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Inflation for February increases to 9.2%
The year-on-year inflation rate regarding Consumer Price Index (CPI) for February 2019, was 9.2% compared to 9.0% recorded in January 2019. The Consumer Price Inflation measures the change over time in the general price level of goods and services that households acquire for the purpose of consumption, with reference to the price level in 2012,…
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Stakeholders in maritime industry call for Maritime Transport Policy
Stakeholders in the Ghana Maritime Authority are calling for the development of a comprehensive Maritime Transport Policy as soon as possible. According to them, such a policy will streamline activities in the maritime sector—enhancing its contribution to trade. The comments were made at the opening ceremony of the National Maritime Transport Policy Workshop held here in Accra. The…
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RGD pushes for passage of Company’s Act
The Registrar Generals Department (RGD) is calling for the passage of the Company’s Act into law by parliament by the end of the year. The RGD is optimistic the passing of the bill will boost its operations while increasing revenue for the country. The Company’s Act when passed into law will enable the country to…
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Disregard ‘erroneous’ media reports about GRA boss – GRA
The Ghana Revenue Authority has denied reports that the Commissioner-General and two other commissioners of the authority have been removed. According to the GRA, the erroneous impression that the Commissioner General has been ‘cleared out’ of office is untrue. A press release signed by the Assistant Commissioner in charge of public affairs, Kwasi Bobie-Ansah, said…
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Ethiopian Airline crash won’t affect national carrier plans – Aviation Minister
Minister of Aviation, Joseph Kofi Adda says Ghana will continue with its partnership with Ethiopian Airlines to establish a national carrier. According to the Minister, the recent crash of Ethiopian airline flight 302 which claimed the lives of all 157 persons on board, does not negate the good record of the airline. Ghana recently signed…