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The Chamber of Petroleum Consumers (COPEC) is advocating for a review of the price stabilization and recovery levy to forestall further increases in petroleum products. Petroleum products have been increased about four times in the spate of two months. COPEC attributed the situation to the Coronavirus pandemic and the current …
Read More »Devise measures to curb fuel price increment – COPEC to gov’t
Chamber of Petroleum Consumers (COPEC) has asked government to introduce measures to stop the increase in fuel prices. According to the Chamber, fuel prices have shot up from Ghc 4.670 to Ghc 5.10 per litre within the spate of a month. The Chamber said although these increases cannot be directly …
Read More »Here is the expected petrol price for February
Mid-month data from the Central Energy Fund (CEF) points to another large fuel hike for South African motorists in February, following a significant increase in January. The CEF data shows an under-recovery in prices across the board, expected to rise around 78 cents per litre for petrol, and 60 cents …
Read More »Prices of fuel to increase in December – IES
IES has projected the rise in the price of fuel on the domestic market in December. According to the Institute, the sharp increase is as a result of the 11.5% increase in prices of International Benchmark- Brent crude, the 6.94% increase in prices of Gasoline, the 7.26% increase in Gasoline …
Read More »Fuel Prices To Increase This Month – IES
The Institute for Energy Security (IES) has projected prices of fuel on the domestic market to experience a sharp increase in December. This is due to the 11.5% increase in prices of International Benchmark- Brent crude, the 6.94% increase in prices of Gasoline, the 7.26% increase in Gasoline prices and …
Read More »Fuel Prices To Fall In Second Half Of November — IES Predicts
The Institute for Energy Security (IES) is projecting fuel prices on the domestic market to go down in second half of November this year. IES said it is as a result of indications from the first half of the window. According to IES, prices of fuel on the local market …
Read More »Tsitsi Dangarembga – Booker Prize nominee arrested in Zimbabwe
Award-winning Zimbabwean author Tsitsi Dangarembga, a nominee for this year’s Booker Prize, has been arrested in the country’s capital, Harare, during an anti-government protest. Dangarembga, 61, and another protester were bundled into a police lorry while carrying placards. The government has warned that participation in Friday’s demonstration is regarded as …
Read More »Consumer Price Index drops by 0.1 %
Ghana’s Consumer Price Index (CPI) for June this year has slightly dropped to 11. 2 per cent from 11.3 per cent recorded last month, the Ghana Statistical Service (GSS) has said. According to the GSS, the drop was 0.1 percentage points lower than that of May while the monthly inflation …
Read More »Oil prices jump as lockdowns ease and supplies tighten
Oil prices climbed by more than $1 a barrel on Monday to their highest in more than a month, supported by continuing output cuts and signs of gradual recovery in fuel demand as more countries ease curbs imposed to stop the coronavirus pandemic spreading. Brent crude was up $1.19, or …
Read More »Prices of local goods increasing faster than imported goods
For a fourth consecutive month, inflation for locally produced goods has been growing faster than inflation for imported goods, although Ghana is an import-dependent country. Inflation for imported goods as at February was 5.9 per cent, well below the 8.6 per cent inflation for locally made goods. This is according …
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