Category: Top Stories
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Russia-Ukraine tensions, Cedi depreciation may increase fuel prices by 4% – IES
As the country continues to suffer fuel price hikes and increases in transport fares, consumers may have to brace themselves for more shocks in the next few days. The Institute for Energy Security (IES) is predicting a four percent increase in the prices of Liquefied Petroleum Gas (LPG), Diesel, and Petrol at the pumps in…
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Our members must fulfil tax obligations to remain in good standing –AOMC
The Association of Oil Marketing Companies says it expects its members to fulfil all their financial obligations to the government to remain in good standing. Chief Executive Officer of the Association, Kwaku Agyeman Duah, stated that such developments were unhealthy for the sector. “GRA has got a mandate to make sure that everybody pays tax.…
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Sanction culprits in our reports – Auditor General urges Finance ministry
The Auditor-General, Johnson Akuamoah Asiedu is urging the Ministry of Finance to strictly sanction individuals or institutions found culpable of misapplying or misusing public funds per its reports. Mr Asiedu stressed that accountability was key to ensuring the protection of the country’s resources and value for money. “We also want to urge the minister of…
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Pump prices could hit GHS10/litre if Russia-Ukraine situation worsens- Dr Sulemana
Energy Consultant, Dr Yussif Sulemana says if the conflict between Russia and Ukraine escalates, Ghanaians must brace themselves to start buying fuel at about GHS10 per litre. The price of fuel on the global market reached an over 8-year record of $100 a barrel. Already, the previous increases to about $90 dollars had resulted in…
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Lack of storage facilities causing local rice grains to dry up and lose value
Research has shown that although rice is the second most important staple food after maize in Ghana, only one-third of rice consumed here is produced locally. In the recent past, rice farmers with some government support and initiatives like the made in Ghana Rice Campaign spearheaded by the CEO of Citi Fm and Citi TV,…
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Gov’t could struggle later 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 fulfil some critical payment obligations if the government’s revenue mobilization measures including the electronic transfer levy are not supported. Although he has debunked claims that government workers may not be paid in the next three…
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GTP workers suspend strike against MD
Workers of Textile Ghana Limited, producers of GTP in Tema, have temporarily suspended their strike which began last Thursday, February 24, 2022. The workers laid down their tools over alleged unfair treatment by their Managing Director, Fatoumata Doro. The workers, who are calling for the dismissal of their MD, claimed that she has disregarded their…
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‘Downward review of benchmark discount value doesn’t address our concerns’ – AGI
The Association of Ghana Industries (AGI), says it is dissatisfied with the government’s decision to review the benchmark discount value while consultations are still ongoing. After months of agitation and weeks of consultations with stakeholders in the trading community on the benchmark values reduction policy, the government has finally concluded on a 30 percent discount…
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‘E-levy is wicked but necessary to prevent economy from collapsing – Prof. Atuguba
The Dean of the University of Ghana School of Law, Prof. Raymond Atuguba, has urged Members of Parliament to pass the controversial e-levy. According to him, the e-levy is one of the short-term measures the government must undertake to prevent the country from plunging into an economic crisis. Speaking at a forum organized by Solidare…
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Abena Osei-Asare proposes new Committee to transition importers into manufacturers
The Finance Ministry has proposed to the trading community a new Industrialization Committee to help importers begin manufacturing some of the things they buy from other countries. This comes on the back of an announcement of a phased reversal of the benchmark values discount policy starting March 1, 2022. The Finance Ministry last week announced…