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 »Policy Rate hike will further exacerbate inflation – AGI
The Association of Ghana Industries AGI says the recent increase in policy rate by the Bank of Ghana will further exacerbate the country’s inflation contrary to what the central bank envisaged. The Monetary Policy Committee (MPC) of the Bank of Ghana on Thursday October 5, 2022 announced increased in the Policy Rate …
Read More »BoG, EOCO uncover further irregularities in financial sector clean-up
A new report published by the Bank of Ghana has revealed further details regarding the resolved microfinance companies and savings and loans institutions, with new information indicating most of these companies diverted funds into other ventures – thereby leading to their insolvency. In a collaborative effort by the Joint Receivers, Bank of Ghana and …
Read More »Parliament Probes Further Into KNUST SRC Executives Tripe To South Africa
KNUST SRC Parliament Council is set to probe further into the School Representative Council’s Executives trip to South Africa. The School’s Parliament Council was petitioned by leaders of Coalition of Concerned Students, KNUST, to provide immediate investigation into the SRC Executives travel to South Africa in somewhere July,2022. In a …
Read More »Cedi to further depreciate as no cent of US$2bn capital has been raised – Adongo warns
Deputy Ranking Member on Parliament’s Finance Committee, Isaac Adongo, has cautioned of a further sustained depreciation of the Ghana Cedi. He believes government’s promise to raise and inject a capital of US$2 billion meant to shore the Cedi and stabilise the economy, is yet to get results. In a Facebook post sighted …
Read More »Price of gas to further go up by March 16 – LPG marketers caution
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 …
Read More »Ghana’s forests risk further depletion – Report
Ghana’s forest risks further depletion with the prices of charcoal and firewood increasing in Accra, a lower-middle-income earning region, amid reduction in consumption of Liquefied Petroleum Gas (LPG). The Ghana Statistical Service (GSS) in its latest Consumer Price Index (CPI) observed that the solid fuel (charcoal and firewood) component of …
Read More »