BUSINESS

Ghana faces a real-time risk of fuel shortage hitting the country as workers of state-owned Bulk Oil Storage and Transportation Company BOST threaten to lay down their tools over poor management decisions by their Managing Director, Edwin Provencal, who allegedly earns more than 1.35 million Ghana Cedis as a net …

Ghana is expected to experience more acute climate hazards such as flooding, as well as more frequent and intense drought, a report on Ghana’s roadmap for resilient infrastructure in changing climate has revealed. The 165-page report said, the consequence of the country’s climate change, has the potential to threaten the …

The Ghana Private Road and Transport Union (GPRTU) has described the 15 pesewas cut per litre of fuel by government as woefully inadequate. The disappointed Union says it expected government to at least reduce the fuel price by Ghc2 cedi per liter. Speaking to GHOne Evelyn Araba Aidoo, the Head of Communications …

Dr Chris Kpodar, Chairman, and Chief Executive Officer of Solomon Investments Ghana Limited, has called on the Government to enter into a joint venture with reputable international oil companies to help revamp the Tema Oil Refinery. Dr Kpodar, who is also a Chief Technical Advisor for the Centre for Greater …

The Chamber of Petroleum Consumers Ghana (COPEC), says it is utterly shocked at government’s 15 pesewas per litre reduction in the cost of fuel beginning April 1, 2022. COPEC’s Executive Secretary, Duncan Amoah insists the reduction is way below its expectations following discussions between relevant stakeholders and the government. Speaking …

Government as part of measures to mitigate the economic hardships on Ghanaians has reduced margins in the petroleum price build-up by a total of 15 pesewas per litre. Finance Minister, Ken Ofori-Atta who made the announcement during a government press conference in Accra on Thursday, March 24, 2022, said the …

Minister of Finance, Ken Ofori-Atta is expected to on March 24, 2022 announce a number of measures aimed at addressing Ghana’s current economic challenges. The move comes after government held a crunch Cabinet meeting at the Peduase Lodge last weekend. Some key measures set to be announced by the finance minister will …

Government has announced it will inject a capital of US$2 billion into the economy to curtail the sustained depreciation of the cedi against major trading currencies. This was captured in a circular released by the Presidency on March 23, 2022. The Presidency said the move forms of measures adopted by …

Local airline operators, PassionAir has suspended flights to the Volta regional capital, Ho. According to the airline, although the new Ho route did not enjoy a lot of patronage, the decision to suspend flights to that part of the country is mainly due to the increase in fuel prices. The …

The ongoing Russia-Ukraine war will have a negative impact on Ghana’s construction industry, as the West African country imports about 60 percent of her steel and iron ore from the war-torn Eastern European nation, the Bank of Ghana has warned. At its 105th Monetary Policy Committee meeting this week, the Bank of Ghana said: …