Tag Archives: prices

George Weah lost to Boakai because he failed to tackle corruption, rising commodity prices, and ongoing economic challenges

    Liberian President George Weah lost his second election to former Vice President Joseph Boakai as a result of his failure to tackle corruption, rising prices, and continued economic difficulties tarnished his image, according to the report. According to the information gathered, President George Wuah came into power on …

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More pain in Kenya as pump prices jump 13pc in latest review

The Kenyan government suspended the utilisation of a fuel stabilisation fund in its latest monthly fuel review cycle, which has seen pump prices leap by more than 13 percent per litre on average. The rise in the cost of fuel has the overall effect of increasing transport costs, worsening inflationary …

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Cocoa farmers demand increase in farm-gate prices to GH¢1,380

Cocoa farmers are demanding a farm-gate price of GH¢1,380 for a 62.5kg bag of cocoa beans, a 72.5 percent increase over the current price of GH¢800. As COCOBOD gets ready to announce new prices for the upcoming 2023/2024 cocoa season in the coming days, a group known as the Ghana …

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Fuel prices to increase marginally from Monday – COPEC

The Chamber of Petroleum Consumers (COPEC) has predicted a marginal increment in fuel prices in this pricing window [July]. According to the Executive Secretary of COPEC, Duncan Amoah, petrol and diesel prices are expected to see an increment of 2.6% and 2.4% respectively at various pumps. He however noted that …

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Cocoa prices reach 6-year high amid supply concerns

The global cocoa market experienced a surge in prices during April 2023, reaching a six-year high in both the London and New York markets, according to the April 2023 cocoa report by the International Cocoa Organization (ICCO). Prices of the front-month [May 2023] cocoa futures contract rose by 5 percent …

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Cement dealers asked to reduce prices as transport fares reduce

Following the announcement of a reduction in transport fares, a presidential staffer, Dennis Miracles Aboagye, has called on producers and retailers of cement to also reduce their prices. According to him, cement prices increased when the dollar was selling at about GH¢16, therefore, it should also reduce now that the …

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Prices of petrol to go up by 2%, diesel to drop by 5.6% – COPEC

The Chamber of Petroleum Consumers (COPEC) has projected that the price of petrol may increase by 2 percent in the next pricing window that starts from April 16, 2023. According to COPEC, the projection is based on the increase in international benchmark pricing from $772.75 per metric tonne to $900.20 …

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Stable cedi, cheaper crude reasons for falling pump prices – ACEP

The Executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye, reiterated that falling fuel prices at the pump is the result of a general reduction on the global crude oil market and a stable cedi, and not the gold-for-oil barter policy. He said domestic consumers, just like …

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The 4 ‘killer’ reasons for wicked house prices in Ghana

Have you visited Ghanaian real estate classifieds websites Meqasa or JiJi and wondered who exactly buys those houses? You’re not alone. Many listed prices are prohibitive. Even an apartment listed at 50,000 USD is equivalent to over 376,000 Ghana Cedis. Many houses are priced over 500,000 USD which is overly …

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Fuel prices begin to drop at various OMCs

Consumers of petroleum products are expected to witness a reduction in prices across the country from January 2, 2023. This comes after some major Oil Marketing Companies (OMCs) have begun to adjust prices downwards at various pumps. Checks by GhanaWeb Business to some OMCs showed that GOIL has reduced the …

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