BUSINESS

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 …

On the Interbank forex rates from the Bank of Ghana today, March 15, 2022, the Ghana Cedi is trading against the dollar at a buying price of 7.0265 and a selling price of 7.0335. As compared to yesterday’s trading of a buying price of 7.0215 and a selling price of 7.0285. At …

The Poultry Farmers Association of Ghana has announced an increment in the prices of eggs by 10% effective Monday 14 March 2022. Per the new prices, a crate of eggs is now selling between GHC27 and GHC35 depending on the size and place of purchase. Napoleon Agyemang, the national president of the …

Members of the Concerned Drivers Association of Ghana are calling on the government to reduce the price of petrol in the country. The drivers said the GHS8.44-mark per litre of petrol is highly abnormal and causing unbearable hardship. According to the drivers, the frequent increase should never be justified by …

The Price of LPG products is expected to go up again by Wednesday, March 16, according to the Vice-Chairman of the LPG Marketers Association of Ghana, Gabriel Kumi. He has, therefore, urged government to reduce taxes on LPG products. According to him, doing so will increase consumption of LPG in …

Ghanaians will soon be buying diesel and petrol at GH¢10 and GH¢9 per litre at the pumps from Wednesday, 16 March 2022, the Chamber of Petroleum Consumers Ghana (COPEC) has projected. In a statement, COPEC put the impending spike on soaring crude prices on the international market coupled with the …

Assin Central Member of Parliament, Kennedy Agyapong has revealed that despite being in charge of several businesses, he does not take bank loans. According to him, the sole reason for that posture is because of the ridiculous nature of interest rates charged by the banks. Addressing students of the University of Professional Studies …

Director of the Institute of Statistical, Social and Economic Research (ISSER), Prof Peter Quartey, has indicated that the main cause of the depreciation of the Ghana Cedi is speculation by Ghanaians. According to him, speculations that the Cedi will further depreciate against the major currencies encourage people to buy more …

MP for Bolgatanga Central Constituency, Isaac Adongo, has clapped back at the Bank of Ghana after over he calls “cooked reserves.” Ghana’s cedi has been on a depreciation spree since the beginning of this year. As of Friday, March 10, 2022, the dollar was selling at GH¢7.65. This according to the business community …