Tag: Mark Badu Aboagye
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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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Akufo-Addo government charged to reduce cost of power in 2nd term
The Ghana National Chamber of Commerce and Industry has urged President Akufo-Addo to couple the extension of electricity to communities without power, with a significant reduction in the cost of power itself, across the country. According to data from the Energy Ministry, access to Electricity in Ghana as at the end of 2020 was around…
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Bankers, businesses anxious over BoG’s policy rate
There are mixed expectations ahead of the policy rate to be announced later this morning by the Bank of Ghana. The Monetary Policy Committee at its last meeting reduced the policy rate to 17 percent. Some bankers and businesses Citi Business News has been speaking to all argue that the central bank must provide a…