Category: Top Stories
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Fuel shortage: New policy to ensure direct delivery of fuel products underway – NPA
Government is currently implementing a new policy to ensure the direct delivery of fuel products to the country’s ports without bulk distributors. The policy, which differs from the previous arrangement where BDCs dealt directly with international oil companies is meant to prevent any instances of fuel shortage in the wake of the Russian-Ukraine war that…
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Current high inflation rate not an isolated event – Seth Terkper
Former Finance Minister, Seth Terkper has called on government to take a comprehensive look at the economy to resolve the high inflation rate phenomena being experienced and its knock-on effect on other parts of Ghanaian life. According to Mr. Terkper, the high rate of inflation is connected and tied to different aspects of the economy…
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Ghana needs more entrepreneurs to check imported inflation – Finance Minister
Finance Minister, Ken Ofori-Atta, has explained that the only way by which imported inflation in Ghana can be minimized is if the country is able to raise more entrepreneurs to produce locally. According to him, it is for this reason that the government is investing heavily in projects that can build an entrepreneurial society in…
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Fuel prices to rise marginally in second pricing window of May – IES
Consumers of fuel may have to brace themselves for more shocks in the next couple of days because the Institute of Energy Security (IES) is forecasting a 3 to 6 percent increase in the price of petrol and LPG and 2 percent increase in the price of diesel on the local market. According to the…
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Samuel Dubik Mahama appointed ECG Managing Director
President Akufo-Addo has appointed Samuel Dubik Masubir Mahama as Managing Director of the Electricity Company of Ghana (ECG). He is expected to take over from Kwame Agyeman–Budu who is expected to step down onTuesday, May 17, 2022. Agyeman-Budu was appointed as the managing director of Electricity Company of Ghana, on 3 November 2019. He took…
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Gov’t to put measures in place to reduce ‘imported inflation’ – Ofori-Atta
Finance Minister, Ken Ofori-Atta, has stated that government is committed to building an entrepreneurial society to help reduce the imported inflation. His comments come as recent data from the Ghana Statistical Service indicates that the continuous increase in transport fares and food prices across the country has pushed the national year-on-year inflation for April 2022 to…
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Stakeholders call on policy makers to address upsurge in prices of goods
Following the recent announcement on the rise in the inflation rate in the country, industry players have intensified calls for an intervention to check the rising prices of goods and services in the country. Ghana’s economy has in recent times experienced a downturn. Stakeholders have cited the depreciating cedi, spike in fuel prices, inflation rates…
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Businesses will pass on increased cost of production from high utility tariffs – GNCCI
The Ghana National Chamber of Commerce and Industry (GNCCI) is cautioning that its members would have no choice but to pass on any increases in their cost of production that will arise, as a result of high utility tariffs. The remark follows the recent proposals for tariff increases by the Electricity Company of Ghana (ECG)…
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We are confident in homegrown recovery plan; IMF still not an option – Ofori-Atta
Finance Minister, Ken Ofori-Atta, has reiterated government’s stance on not seeking a bailout from the International Monetary Fund, IMF, despite the current economic challenges. Mr. Ofori-Atta says government will consider home-grown solutions to deal with the difficulties because the country has what it take to recover from the issues facing the economy. The government, despite…
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Benjamin Dzoboku appointed as new Managing Director for Republic Bank Ghana Plc
Republic Bank (Ghana) PLC has appointed Benjamin Dzoboku as its new Managing Director to succeed Farid Antar on his retirement. This was done at a meeting of the Board of Directors held on 15th March 2022. The Bank of Ghana granted approval to the appointment on 10th May 2022. Mr. Antar retires from the Bank…