BUSINESS

Managing Director of GIHOC, Maxwell Kofi Jumah, has stated that his company will continue increasing prices as long as inflation keeps rising. He explains that this has become necessary due to the increase in prices of raw materials and other production resources. According to him, the company needs to be …

Barely three weeks after transport fares were increased by 15 percent, road transport operators have warned of yet another increment from Monday, March 21 if fuel prices are not reduced. The recent transport fares took effect from Saturday, February 26 and due to the escalating fuel prices in Ghana, transport …

Founder and leader of the Ghana Freedom Party (GFP), Akua Donkor, has blamed the current economic hardships in Ghana on the exportation of raw materials and mineral resources from the country. She argues the exportation and sale of these resources at a cheaper price and then importing their finished products …

The ex-pump price of petrol and diesel has shot up by a record 18.2 per cent Wednesday afternoon, March, 16, 2022. The Ghana News Agency has observed that some Oil Marketing Companies (OMCs) adjusted their rates upwards from GHS8.2 per litre to GHS9.7 per litre, representing an increment of GHS1.50 …

The National Petroleum Authority (NPA) says it has made a request through the Energy Ministry to the Finance Ministry to “review or reduce or remove” some taxes and levies on petroleum products in the country. The NPA says it is waiting for the Finance Ministry to do its analysis on …

An Accra-based Trotro driver identified only as Ato last Tuesday night cursed his stars after the conductor popularly known in Ghana as mate absconded with the daily sales when the day activities came to an end. The incident was said to have occurred at about 7:45 p.m. at Odorkor in …

The cedi’s woes are set to worsen if current conditions persist, as it is likely to depreciate by more than 20 percent against its major trading counterpart, the dollar, in the next 12 months, RMB – the corporate and investment division of FirstRand Bank – is projecting. This comes as …

Concerned Drivers Association of Ghana(C-DAG) has given government a one-week ultimatum to have the price of petrol reduced. The drivers contend the GHC 8.44 mark per litre of petrol is highly abnormal and causing an unbearable hardship on them, hence the call. They have threatened failure to heed to this …

Ghana’s cedi has passed the GH¢8 mark to sell at GH¢8.12. This is according to AfriSwap. The Cedi is however trading against the dollar at a buying price of GH¢7.94 whiles the British pound is selling at GH¢10.17 and buying at GH¢10.17. The Euro is also selling at GH¢8.33 and …

The Chamber of Petroleum Consumers, Ghana (COPEC), says it will embark on a demonstration, if nothing is done, about the current hike in fuel prices by the close of the week. This comes on the back of predictions that petroleum prices at the pumps could increase from GH¢8.22 to GH¢10.00 …