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The National Petroleum Authority (NPA) has announced that it is restoring the full Unified Petroleum Price Fund (UPPF) margin on petroleum products. It made the announcement to players in the industry on Thursday June 30, 2022, indicating that the decision takes effect from Friday, July 1, 2022. “We hereby wish …
Read More »Five reasons food prices remain high in Nigeria in 2022
Food prices have risen globally in recent years. It began with the coronavirus pandemic that made farmers and food producing companies unable to cultivate and produce food in sufficient quantities. Many food factories ran out of raw materials for their operations. Farmers have since returned to the fields and factories …
Read More »We are not responsible for rising food prices in Ghana – Russia
The Russian Embassy in Ghana has called out the media for misreporting relative to causes of the rising food prices across the continent. The embassy issued a June 30 statement titled: “Embassy’s commentary on the rise in food prices,” in which the stated their concerns over what they described as …
Read More »Why meat prices are going up in Ghana
There has been a sharp increase in the price of meat in local markets, chop bars, and restaurants in Ghana in recent times, shooting the cost of locally prepared food up. XYZ News has been finding out what could be the possible cause of the rise in the prices of …
Read More »Fertiliser sales hit lowest patronage as prices shoot up
Patronage of fertiliser for this year’s planting season is hitting a snag – an all-time low – as farmers are currently having difficulties procuring the commodity for crop production due to rising costs. Although there is an appreciable amount of fertiliser in the system, according to the Peasant Farmers Association …
Read More »Guinea junta bows to economic pressure, increases pump prices
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 …
Read More »Petrol, diesel prices to hit GHC10.949 pesewas – COPEC predicts
The Chamber of Petroleum Consumers (COPEC) is forecasting an upward adjustment in the price of petrol and Liquefied Petroleum Gas (LPG) in the first pricing window of June 2022. According to COPEC, The ex-pump estimations based on the Petroleum Price Indicators and elimination of taxes amounting to 15 pesewas per liter …
Read More »Fuel prices to rise again – IES
Fuel may see a significant increase in price from rising international prices and domestic shortages in the second pricing window of May, according to the Institute for Energy Security (IES). “For the rest of May 2022, the 7.64% rise in Gasoline price, 1.90% rise in Gasoil price, and the 6.05% …
Read More »LPG prices to drop by 2%; petrol and diesel to shoot up by 3% – COPEC
Consumers of Liquified Petroleum Gas should expect some reduction in the price of the product in the coming days as the Chamber of Petroleum Consumers Ghana (COPEC) is projecting a drop of up to 2%. However, prices of petrol and diesel are expected to go up by 3% this month. …
Read More »Price of eggs to go up
The Small Scale Poultry Farmers Association says effective Monday, May 2, 2022, there will be an upward adjustment in the price of eggs. A small egg crate will now sell at GH¢30, the medium size and unsorted crate will go for GH¢32, a cedi more will be needed to get …
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