Tag: IES
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Prices of petroleum products to rise marginally in October – IES
In the face of a global surge in crude oil prices, resulting in increased costs for refined products in international fuel markets, domestic petroleum product prices in Ghana are set to continue rising according to the Institute of Economic Studies (IES). The IES said the Ghanaian market has seen relative stability in liquid fuel prices,…
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IES calls for efficient exploration of Ghana’s lithium resource
The Institute for Energy Security (IES) has emphasized the need to promote the efficient and sustainable lithium exploitation in Ghana’s mining industry. This is on the back of Lithium discovery in commercial quantities in the Central Region. Addressing a National Stakeholder Dialogue on Energy Transition which focus on Lithium discovery in Ghana, the Executive Director…
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Price of diesel and LPG to drop marginally; petrol to remain unchanged – IES
The price of diesel and Liquefied Petroleum Gas (LPG) is expected to fall marginally in the first pricing window of July. This is according to a recent analysis by the Institute for Energy Security (IES). The projection by the Institute for Energy Security, notes that the reduction can be attributed to the 2.6% fall in…
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IES predicts further fall in fuel prices
The Institute of Energy Security (IES) has projected an expected fall in the prices of fuel. The marginal drop in the prices of petrol, diesel and Liquefied Petroleum Gas (LPG) announced by the Institute will reflect at the pumps. In a statement, the IES attributed the fall to prices on the world market and the…
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Fuel prices may remain unchanged despite cedi depreciation – IES
Despite the reduction in global prices of finished petroleum products, the prices of such products in Ghana may remain unchanged for the next two weeks. This is due to the recent decline in the value of the Ghana cedi against the US dollar, which may offset the expected reduction in fuel prices. The Institute for…
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Inflation to end 2023 at an average 38.1% – EIU
The Economist Intelligence Unit (EIU) predicts that despite a slowdown in monthly inflation over most of the period, inflation will average 38.1% by the end of the year. This is due to upward domestic price pressures, including the introduction of new taxes such as the Value Added Tax (VAT) rate and excise duties, as well…
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IES predicts drop in fuel prices from April 1
The Institute for Energy Security (IES) is forecasting a 2% to 5% decrease in fuel prices in the first pricing window in April. According to IES, Liquefied Petroleum Gas will be the biggest gainer, with a 9% decrease in price. IES Research Analyst, Adam Yakubu, speaking to Citi News said, this development is due to…
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IES raises doubts on claimant to 600,000 barrels Russian oil
The Institute for Energy Security (IES) has raised doubts over the claimant to the 600,000 barrels of Oil that arrived in Ghana on Friday from Russia. A release by the IES indicated that the consignment aboard the vessel MT Theseus is being stashed in Ghana as the pool of buyers shrinks after Russia was blacklisted…
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Fuel prices likely to drop in February second pricing window – IES
The Institute for Energy Security (IES) is projecting a marginal drop in the prices of fuel for the second pricing window in February. IES projects the price of Gasoil to drop by about 4.26% from GH¢15.90 to about GH¢15.25 in the second week of the pricing window. The price of liquefied petroleum gas is also…
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PURC’s reasons for 2023 tariff increment baseless – IES
The Institute for Energy Security (IES) has taken a dig at the Public Utilities Regulatory Commission (PURC) following the increment in utility prices. The IES in a statement described the announcement as baseless. PURC early this week announced an increment in electricity prices by about 30% and 8.3% for water effective February 1, 2023. The…