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There could be a further reduction in the prices of petroleum products as the government has hinted of plans to provide financial assistance to the Bulk Distributing Companies (BDCs) to help them secure good deals at the trading level. This would enable the BDCs to purchase the finished products in...
President of the Ashanti Regional Gold buyers Association Solomon Autel has raised concern about the high rate of foreigners taking over the gold buying business in the country, and called on the authorities to check on their activities as they export the precious commodity illegally. According to him the association...
Parliament has passed the Special Petroleum Tax Amendment Bill to reduce the tax from 15 percent to 13 percent. The amendment comes after recent protests against the rising cost of fuel, as well as calls from the minority for the Special Petroleum Tax to be scrapped. Speaking to Citi Business News, a...
The Institute for Energy Security (IES) has predicted a slip dip in the prices of fuel at the pumps within the second pricing window for the month of February, 2018.IES said the forecast is based on “positive indicators recorded within the period under review ; being the stability of...
Utility Companies in the country are consulting with the Public Utilities Regulatory Commission (PURC), for tariff review.The consultative meeting is also being used to address issues of quality of service which many have over the years been bashing the utility companies for.The Northern Electricity Development Company at the presentation...
The President of the Republic, Nana Addo Dankwa Akufo-Addo, has appointed Mrs Elsie Awadzi as the 2nd Deputy Governor of the Bank of Ghana. The appointment is, however, subject to consultation with the Council of State. Mrs Awadzi is an international economic and financial lawyer with a total of 21...
The Chamber of Petroleum Consumers (COPEC) has threatened to hold a nationwide demonstration against the government if it fails to reduce petroleum prices within a week. In a statement issued and signed by Mr.  Duncan Amoah, the Executive Secretary of Copec-Ghana on Thursday, February 8, 2018, after the President Nana...
The Chief Executive Officer of Kanshipp Ghana Limited, Mr. Seth Effah Hills has bemoaned the unstable internet at the port as it is hindering the smooth operation of the paperless port clearing system which was implemented by the government in the last quarter of 2017. He applauded the government for...
The company's vehicles and machinery were seized and detained for weeks An Accra High court has quashed a decision by the Lands and Natural Resources Minister John Peter Amewu to revoke mining licenses of Exton Cubic to prospect for bauxite in the Ashanti region describing the decision to revoke the lease...
President Nana Addo Dankwa Akufo-Addo has revealed his government has saved Gh¢800 million from restricted tenders. Delivering the 2018 State of the Nation Address in Parliament on Thursday, February 08, 2018, he revealed that in 2017 there were 346 Requests for Restricted Tenders, and 167 (48%) were approved, and 179...
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