Category: Top Stories
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LPG prices increase by 6%, LPG Marketers want taxes on product scrapped
The LPG Marketers Association of Ghana is calling on the government to scrap taxes imposed on the product in order to ease the pressure on consumers. According to the Vice-Chairman of the association, Gabriel Kumi, they will have no option but to pass on the extra cost to consumers anytime there is an increase. Prices…
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Gov’t must adopt measures to properly analyze cost of petroleum contracts to avoid losses – PIAC
The Public Interest and Accountability Committee (PIAC) is asking the government to adopt measures to thoroughly vet costs provided by international companies before petroleum contracts are signed. In a 10-year assessment report on the petroleum sector, the Committee says this needs to be tackled with all seriousness to prevent wastage of money in the sector.…
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Gov’t could struggle if revenue measures aren’t supported – John Kumah
A Deputy Finance Minister, John Kumah says it may get to a time that government may not be able to fulfill some critical payment obligations if its revenue mobilization measures including the Electronic Transfer levy, also known as the E-levy are not supported. The Electronic Transfer Levy is one major component within the 2022 budget…
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Increase investment in rice production to make local produce competitive – Peasant Farmers
Head of Programmes and Advocacy at the Peasant Farmers Association of Ghana, Charles Nyaaba has reiterated calls for government to adequately support and invest in rice production in the country. According to him, leaving players in the rice value chain to compete with produce from areas with well-subsidized rice programs, only leads to Ghana’s rice…
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Fast track plans for trading in Chinese Yuan instead of US dollar – GUTA to Gov’t
The Ghana Union of Traders (GUTA) has called for the fast-tracking of moves to ensure that Ghanaian traders are able to trade more in the Chinese Yuan when doing business with China. Such a move is expected to reduce pressure on the Cedi because imports will not be done with US dollars. Most of Ghana’s…
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AGI advocates reduction of imports to check cedi depreciation
President of the Association of Ghana Industries, Dr. Humphrey Ayim-Darke, has emphasized the need for government to put in place measures to increase exports and reduce imports into the country. According to him, this will check the rate of depreciation of the Ghana cedi against the dollar. Currently, the Ghana cedi is the worst-performing currency…
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Gov’t completes piloting of YouStart, programme to start in April – Ofori-Atta
Government has completed the piloting of its flagship YouStart programme and says it is ready to roll it out in April 2022. According to Finance Minister, Ken Ofori-Atta, the youth entrepreneurship programme when rolled out will be a vehicle for supporting young entrepreneurs to gain access to capital, training, technical skills, and mentoring to enable…
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Increase support for Agric sector to curb inflation – Prof. Quartey to Gov’t
Head of the Economics Division at the Institute of Statistical, Social and Economic Research, at the University of Ghana, Prof. Peter Quartey has urged the government to consider identifying and supporting large scale farmers around the country, who would, in turn, support smaller farmers around them as a way to ensure sustained growth of Ghana’s…
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Fuel prices cross GHS8.00 per litre
Fuel prices at some fuel stations continue to rise, crossing the GHS8 per litre mark in the first week of March 2022. This is expected to have a ripple effect on other Oil Marketing Companies, which will also adjust their prices upwards. Only two weeks ago, fuel prices averaged GHS6.4 per litre as the Price…
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Immigration Service successfully admits first batch of Ghana card holders at KIA
Ghanaian passengers who have successfully been admitted into the country with their Ghana cards have expressed satisfaction in the new verification process upon their arrival at the Kotoka International Airport. This comes after the passengers went through due processes supervised by the Ghana Immigration Service at the airport to verify their cards against the national…