File photo National Chairman of General Transport, Petroleum and Chemical Worker Union (GTPCWU) of TUC, Bernard Owusu, believes the recent decrease in fuel prices is a result of the Gold for Oil policy. This contrasts with the Institute for Energy Securities’ (IES) ideology that the fall in prices of …
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Gold for Oil has nothing to do with fuel prices reduction – IES
Executive Director of the Institute for Energy Securities (IES), Nana Amoasi VII, has said that the recent reduction in fuel prices has nothing to do with the ‘Gold for Oil‘ policy. According to him, the fall in oil prices in the international market and the cedi appreciation are what …
Read More »Fuel prices drop by 8%
Some major Oil Marketing Companies (OMCs) have begun reducing prices of some petroleum products at the pumps. Market leader, GOIL has announced a reduction in prices by more than 8%. GOIL has reduced the price of diesel by ₵1.50, selling the product at ₵14.60 per litre. Petrol on the …
Read More »E-levy rate reviewed to 1%; GH¢100 daily threshold maintained
File photo: mobile money (MoMo) The Minority in Parliament has succeeded in ensuring that government maintains the GH¢100 Mobile Money threshold. Parliament also approved the reduction of the Electronic Transfer Levy from 1.5 to 1 percent, effective 2023. Debating the amendment of the Bill in Parliament, Ranking Member on …
Read More »Used clothing dealers announce reduction in prices
The Used Clothing Dealers Association has announced a 30% reduction in the prices of their goods. The Public Relations Officer of the association, John Obiri-Yeboah, made the announcement at a press conference in Accra on Tuesday. According to him, the leadership of the association took the decision in consultation …
Read More »Africa’s first photo library opens in Accra
An ultra modern photo library and exhibition centre which is expected to boost photography and visual story telling that target at harnessing imagery resources across the continent has been commissioned at South La neighborhood in Accra. Known as Dikan Centre, the multi million dollar project which is an initiative …
Read More »ECG embarks on fake meter education in Krobo areas
ECG embarks on fake meter education in Krobo areas The Krobo Office of the Electricity Company of Ghana Limited has embarked on a campaign against fake energy meters in a bid to protect customers from issues associated with use of such meters. The office has, for the past few …
Read More »Cedi continues recent gains; 1$ now ¢9.2
The Ghana cedi continued its recent gains against the US dollar and the euro today, December 19, 2022. This is coming after recording its biggest performance against the American ‘greenback’ and other major foreign currencies last week. Checks by Joy Business at some forex bureaus indicate that that the …
Read More »VIP hints of transport fare reduction
The VIP JEOUN Transport Service has assured the travelling public to expect a fall in fares in the coming days as the Christmas festivities draw near. The Transport Operator said as an ethical and human-centered company that reasons and feels the pain of the travelling public, it has tabled …
Read More »The cedi is not appreciating; only recovering it’s lost value – Economist
An Economist, Dr Godfred Bonkpin, has said that the sudden appreciation of the Ghana cedi is not real, but only a recovery of it’s lost value. His comment has to do with the sudden strength of the cedi after it was knocked out by the dollar and other international …
Read More »Abossey Okai spare parts dealers reduce prices of their wares
As the cedi keeps racing fast behind the dollar, spare parts dealers have reduced prices of their wares by about 10% to 20%. The Chairman of the Abossey Okai Spare Parts Dealers Association, Clement Boateng in an interview with Joy News’ The Pulse on Thursday, said spare parts dealers had since …
Read More »Sale of aphrodisiac, body enlargers on the rise in Bolgatanga Market
aphrodisiac Sales of sex enhancing and body enlargement products in the Bolgatanga market is on the rise despite warnings and confiscation of the products from such traders by the Food and Drugs Authority. The different products which target both genders and aim to boost sexual drive of men, women …
Read More »We’ll not reduce transport fares despite fall in fuel prices – GPRTU
The Ghana Private Roads Transport Union (GPRTU) has scoffed at suggestions that they should reduce transport fares. Trotro According to the union, though fuel prices have reduced, they cannot reduce transport fares. Speaking on Ghana Kasa show on Kasapa 102.5FM/Agoo TV, Tuesday, the Public Relations Officer of GPRTU, Abass Moro, …
Read More »38th Farmers’ Day: Meet the female farmer who rears tortoises
Loading your audio article A 39-year-old woman from the Sehwi Juaboso district has taken agriculture to the next level with her production of tortoises and other reptiles. Lydia Eshun, who mentioned she has love for farming and agriculture in general, added that she wanted to go beyond the usual …
Read More »Petrol, diesel prices to go down by 10% – IES
Prices of petrol and diesel are expected to go down between 10% and 8% from Thursday, December 1, 2022, the Institute for Energy Security has projected. The price of Liquefied Petroleum Gas (LPG), however, is expected to remain stable on account of the cedi’s depreciation. This will be the …
Read More »Importers and Exporters Association reacts to BoG’s withdrawal of FX support
Sampson Awingobit Asaki The Importers and Exporters Association has hinted at possible food shortages over the Bank of Ghana (BoG)’s decision to withdraw foreign exchange support for the importation of some food commodities. The development, according to the Association, will also cause a surge in food inflation in the …
Read More »Unregistered SIM Cards Deactivation November 30
by:brightwebtv/nana asare The Ministry of Communications and Digitalisation has announced that SIM cards that are not fully registered would be blocked from accessing data services on November 20, and completely deactivated on Wednesday, November 30, 2022. According to the sector Minister, Ursula Owusu-Ekuful SIM cards that have been …
Read More »Fuel prices to be reduced next week – COPEC
Executive Secretary of COPEC, Duncan Amoah The Chamber of Petroleum Consumers (COPEC) has announced that fuel prices are likely to be reduced by Monday, November 14, 2022. There has been a recent hike in fuel prices, including diesel and petrol. Diesel is currently selling for more than GH¢23, while …
Read More »Fuel prices to be reduced next week – COPEC
Executive Secretary of COPEC, Duncan Amoah The Chamber of Petroleum Consumers (COPEC) has announced that fuel prices are likely to be reduced by Monday, November 14, 2022. There has been a recent hike in fuel prices, including diesel and petrol. Diesel is currently selling for more than GH¢23, while …
Read More »GUTA hints of product shortage ahead of Christmas
Makola Market in Greater Accra Region / Credit: Myjoyonline.com The Ghana Union of Traders Association (GUTA) has hinted of a likely shortage of goods during the festive season in December. It says containers that are coming out of the port are nothing good to write home about. Public Relations …
Read More »Drivers park vehicles to protest high fuel prices [Video]
File photo Drivers who ply the Goaso-Kumasi road in the Ahafo Region have boycotted work in protest of the continuous fuel price hikes. According to them, their businesses are struggling and they will be out of jobs if the transport fares are not increased. The aggrieved drivers told Adom …
Read More »COPEC predicts further increases in fuel prices
The Chamber of Petroleum Consumers (COPEC) has predicted a 10 percent increase in prices of Liquefied Petroleum Gas (LPG) with petrol and diesel likely to see an increase between GHS 3 and GHS 8 effective Tuesday, November 1, 2022. COPEC says this has been as a result of the …
Read More »Sachet water prices to go up today
Ghanaians will begin paying more for sachet and bottled water from today, Monday, October 31, 2022. This follows a recommendation from the National Association of Sachet and Packaged Water Producers for prices of sachet water to go up by 60 pesewas. It also suggested that 500ml bottled water be …
Read More »Fuel prices to go up further in November – IES
Fuel prices are expected to go up at the pumps mid-November, the Institute for Energy Security (IES) has projected. This is due to the significant depreciation of the Cedi against the American greenback, and the appreciable increase in Gasoil price on the international fuel market. [adrotate group=”2″]“In IES’ estimation, …
Read More »Kumasi Traders turn down President Akuffo Addo’s plea to reduce prices of goods
File photo Traders in the Central Business District of Kumasi, capital of the Ashanti Region, say they will only reduce prices of goods if the local currency appreciates against other international currencies. According to them, though they are willing to sell their products at a relatively cheap price, high …
Read More »VALCO workers protest continuous stay of retirees
Workers of Tema-based Volta Aluminum Company (VALCO) are protesting the continuous stay in office of some top management personnel who they described as retirees. According to the workers, the retirees at the company number about 28 – nine being in administration. The workers are also protesting their poor conditions …
Read More »Transport fares up by 30% from tomorrow – Concerned drivers assoc. October 28, 2022
The National Chairman for the Concerned Drivers Association urged all passengers to comply with the new fare increment The Concerned Drivers Association has announced a 30 per cent increment in transport fares. The increment takes effect from Saturday, 29 October 2022. The Ghana Private Road Transport Union (GPRTU) had …
Read More »We are on course to go past ¢15 to a dollar – Prof Bokpin
An economist, Professor Godfred Alufar Bokpin, says the Ghanaian cedi is on course to exchange 15 cedis to a dollar before the end of the year. According to the Professor, the depreciation of the local currency will not stabilise anytime soon. However, he has urged Ghanaians to be calm …
Read More »Ghanaians to pay more for goods, services as inflation hits 37.2% in Sept
Ghanaians have no choice but to pay more for goods and services, as the country’s inflation rate keeps soaring. There is currently no end in sight with the inflation rate, which keeps defying measures put in place by government. The rate has moved from 33.9 percent in August 2022 …
Read More »Transport Ministry backs Airports Company service charge review
Pamela Djamson Tettey – MD, GACL addresses Dep.Min. Transport, Hassan Tampuli (in white shirt) and members of Parliament’s Select Committee on Roads and Transport during the team’s day’s visit to Kumasi and Tamale airports on Monday A Deputy Minister of Transport, Hassan Tampuli, has backed the request of the …
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