Tag Archives: hikes

Vice President Dr Mahamudu Bawumia has revealed that he suffered sleepless nights when Ghana went through a phase of persistent hikes in exchange rates leading to a rise in the pricing of fuel products. According to the vice president, the situation and the quest to find a workable solution around it left …

The Bank of Ghana has hiked the monetary policy rate by 250 basis points from 24.5 percent to 27 percent. Chairman of the Monetary Policy Committee and BoG Governor, Dr. Ernest Addison said the decision is expected to anchor inflation expectations in the country with the figure standing at 40.4 percent in October 2022. …

The current economic hardship in the country has forced the price of dog meat, a delicacy in some parts of the Upper East Region, to increase, causing many patrons at Wiaga, in the Builsa North Municipality to complain. Patrons of the meat in the community, which is noted for many …

The Ghana Private Road Transport Union (GPRTU) is targeting a 30 percent to 40 percent increase in transport fares following the recent rise in prices of petroleum products. The union has said negotiations for the upward adjustment will begin tomorrow. In an interview with Citi News, the General Secretary of GPRTU, …

The Concerned Drivers Association of Ghana has served notice to shock the nation over hikes in fuel prices. There have been projections that fuel prices will increase by 10 per cent on Sunday, 16 October 2022, while transport fares are likely to go up by 40 per cent in the …

Ghana owns only 27,000 barrels, representing 18 per cent of the 150,000 barrels of crude oil produced in the country daily. This is woefully less than the 96,000 barrels of crude oil the country consumes daily and does not have any significant influence on the continuous increase in prices of …

The Ghana Private Road Transport Union (GPRTU) will hold a crunch meeting next week to deliberate on a “possible” upward adjustment of transport fares. The Union said the meeting had become necessary due to what they described as “significant hikes” in fuel prices over the past few weeks. Prices of …

EU sanctions on Russian banks are exacerbating Africa’s growing food crisis by making it difficult to pay for wheat exports, according to African Union chair and Senegal President Macky Sall. He told EU leaders that the worst is still ahead if global food supply issues persist. The food crisis has …

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 …

LPG consumers will, henceforth, be paying 5 per cent more for the same quantity of the fuel they purchased previously, as the price of the commodity shoots up from today, Thursday, 3 March 2022, as a result of the restoration of the Price Stabilisation and Recovery Levy (PSRL) on fuel …