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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...
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 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...
Seth Terkpe,finance minister Seth Terkper, Minister of Finance, on Thursday October 20, laid a paper containing details of the government’s budget for the first quarter of 2017 before parliament. The paper has been referred to the Finance Committee of Parliament. The committee is expected to present its report on the...
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 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...
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 National Petroleum Authority (NPA) has disclosed that Ghana loses about 850 million cedis annually in taxes, due to the increased activities of fuel smugglers into and out of the country. The illegal act is said to involve operators who ply their business at the ports by fuelling tanks with...
Government has announced an increment in cocoa price per bag from Gh¢425 to Gh¢475 effective October 1, 2016.A deputy Finance Minister, Cassiel Ato Forson, announced the 2016/17 cocoa price at the 2016 Cocoa Day celebrations at Tepa in the Ahafo Ano North District of the Ashanti region. The event...
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