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Ghanaians are to brace themselves to pay more for fuel, effective Thursday, July 1, 2021, the Chamber of Petroleum Consumers-Ghana (COPEC) has said. It is expected that the rise in fuel would lead to a litre of diesel and petrol seeing about 2% increments at the pumps due to the rising …
Read More »Crude oil price rebound, gold and cocoa price decline – BoG report
• The Bank of Ghana said the Composite Index of Economic Activity (CIEA) grew strongly by 26.8 percent in March 2021, against a contraction of 1.9 percent a year earlier • The report also said lending rates of banks declined to 20.9 percent in April 2021, compared to 22.4 percent recorded in …
Read More »Fuel prices to shoot up again from May 17
Fuel prices are likely to be increased again from Monday, May 17, 2021. The increment is due to some new price changes made on the international market for the commodity, which was $520 per metric tonne but now pegged at about $545 per metric tonne. This translates to about …
Read More »We’re yet to announce price; ignore GHC30 tag – Dzata Cement
The management of Dzata Cement says it yet to announce the price of its products. It comes after widespread social media reports that the cement is selling for GHC30, a price way below competition. Different brands of cement sell between GHC45 and Ghc50 currently in Ghana. In a statement, the …
Read More »Cement price hike due to production cost – Manufacturers
The Chamber of Cement Manufacturers Ghana has indicated that the high cost of cement is a result of the high cost of production, unfair trade practices, low utilisation of cement products, and unfair competition. The Chamber believes the pressure caused by the COVID-19 pandemic is also a major factor. Ghana …
Read More »Fuel margins reduced to 9 pesewas
The 17 pesewas per litre increase in fuel margins as announced weeks ago by the National Petroleum Authority (NPA) has been reduced. Effective Wednesday, May 5, 2021 prices of petroleum products at various pumps will witness a decrease of 9 pesewas per litre. A communique sighted by GhanaWeb said, this decision …
Read More »Increase in prices of eggs: Poultry farmer blames high cost of feed
The Greater Accra Poultry Farmers Association (GHAPFA) has attributed the recent increase in egg prices to the high-cost feed used by the poultry farmers. The president for the association, Mr. Michael Nyarko-Ampem stated that the raw materials used in preparing the feed has surged by over 100 percent. “There …
Read More »Why the price of Nigeria’s Dangote cement is high
The management of Dangote Cement Plc says the increase in the price of cement is due to the Value Added Tax which was included on April 12. Currently, the price of a bag of cement from its factories and plants in Obajana and Gboko is N2,450 and N2,510 at …
Read More »Niger president wins $5 million Mo Ibrahim African leadership prize
Niger’s President Mahamadou Issoufou has won this year’s $5m Ibrahim prize for Achievement in African Leadership for his work in promoting economic progress and joining regional efforts to quell the threat of Islamist militants. Issoufou was first elected in 2011 and re-elected in 2016. He stepped down after serving two …
Read More »Cement price goes up
Owing to the COVID-19 pandemic, the price of cement has escalated over the last few days across the country. According to cement sellers and stakeholders, “clinker”, the raw material used to produce cement is imported and since its price has increased in the international market owing to the pandemic, a bag of …
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