Tag Archives: INCREASES

The United Kingdom government has announced an increment in immigration and nationality fees which will be paid for vital services with effect from October 4, 2023. According to the UK government, the new charges will see the cost for visit visa for less than six months increase from £15 to …

President Akufo-Addo has officially announced a significant increase in the farm gate price of cocoa beans, raising it from GH¢800 to GH¢1308 per bag for the upcoming cocoa season. During the opening of the 2023/2024 cocoa season in Tepa, located in the Ashanti region, President Akufo-Addo revealed that this adjustment …

John Abdulai Jinapor, Member of Parliament for Yapei Kusawgu has revealed that Fuel Marking Margin (FMM) has been increased as at April 14, 2023. In an April 14 post on his official Facebook timeline, he wrote: “The National Petroleum Authority has just increaesd the Fuel Marking Margin by a whopping 125%. “Expect …

The Public Utilities Regulatory Commission (PURC) has reportedly increased the tariffs for utility services. According to GTV, the PURC has agreed on increasing electricity and water tariffs by 29.96 percent and 8.3 percent, respectively. “Public Utilities Regulatory Commission (PURC) increases electricity tariffs by 29.96% and water tariffs by 8.3%. “All …

The Social Security and National Insurance Trust (SSNIT) has announced an increment in the maximum insurable earnings for 2023 from ¢35,000 to ¢42,000. The increment, according to SSNIT, comes on the back of careful consultation with the National Pensions Regulatory Authority in accordance with Section 63 (3) of the National Pensions Act …

The Bank of Ghana has revised the limits on mobile money transactions in the country. A statement issued by the central bank on Thursday, December 23, 2022, explained that the review forms part of measures to “facilitate more efficient payments, encourage the seamless transition to a cash-lite society as well as …

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has, at an emergency meeting held on Wednesday August 17, increased the Policy rate from 19 to 22 per cent. Governor of the BoG Dr Ernest Addison said recent developments in the foreign exchange market showed elevated demand pressures, reflecting among …

An attempt by some driver unions to maliciously increase public transport fares without the consent of the main union, GPRTU, and the Ghana Road Transport Coordinating Council (GRTCC), who per the administrative arrangement, have the mandate to negotiate public transport fares on behalf of all driver unions, has hit a …

Guinea’s military-led transition government has announced a new set of prices for petroleum products, despite repeatedly promising it would not increase the cost of the commodity. The decision announced on Tuesday saw the prices of petrol, diesel, and oil go up 12,000 GNF ($1.36) per litre, up from 10,000 GNF …

The Bank of Ghana Monetary Policy Committee has reviewed the policy rate by 200 basis points from 17 percent to 19 percent. Governor of the central bank, Dr. Ernest Addison speaking at a press conference on Monday May 23 explained the move is meant to stem inflation which has been surging in recent …