Category: Top Stories
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Sachet water to sell for 50 pesewas from September 19
The price of sachet water is expected to go up to 50 pesewas from September 19 after recommendations by the National Association of Sachet and Packaged Water Producers. A bag of sachet water will also now sell at GH¢7 from the retail trucks. The association in a statement also recommended that bottled water prices be…
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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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Ghana’s inflation rate rises again; hits 33.9% in August 2022
Ghana’s inflation for August 2022 rose to 33.9 percent. This was announced by the Government Statistician, Prof. Samuel Annim at a press conference on Wednesday, September 14, 2022, when he gave a breakdown of the Consumer Price Index (CPI) and Inflation for 2022. Food inflation for August 2022 was 34.4 percent as against 32.3 percent…
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Prof. Mensah expectant of another increase of the MPR as inflation still soars
Financial Economist, Prof Lord Mensah is hopeful that the Bank of Ghana will increase the Monetary Policy Rate (MPR) again to boost investor confidence in the country. His call comes ahead of the announcement of a new or maintained policy rate on September 27. The Bank of Ghana in an emergency meeting last month hiked…
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NPA orders 45 OMCs to settle PDM debt owed it by September 30
Forty-five Oil Marketing Companies (OMCs) have been given a 14-day ultimatum to settle debts owed the National Petroleum Authority (NPA). These debts, running into more than GHS400 million, are margins and levies owed to the Primary Distribution Margin Fund which have not been paid to the NPA. The defaulting companies include Glee Oil Limited, Apex…
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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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NDPC promises to work with gov’t to check food insecurity, unemployment rate
The National Development Planning Commission has pledged its commitment in working with the government to institute policies that will reduce the rate of poverty, food insecurity and unemployment in the country. This follows the release of the Annual Household Income and Expenditure Survey by the Ghana Statistical Service which showed that 49.1 percent of the…
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Ecobank names Jeremy Awori Group CEO, as Adeyemi retires
The Board of Directors of Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, have selected Jeremy Awori as Group Chief Executive Officer. This comes as the current Group Chief Executive Officer, Ade Ayeyemi, is set to retire after he attains the age of 60, in accordance with ETI policy. In a statement…
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GRA to prosecute business owners who fail to issue VAT invoices
The Ghana Revenue Authority has given the strongest indication that it will in the coming days arrest and prosecute business owners who do not issue Value Added Tax (VAT) invoices to customers. The move which is in line with the Authority’s mandate to improve voluntary compliance is also part of a larger goal to help…
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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…