Finance
BoG expects flexibility in IMF programme amid changing economic dynamics
The Governor of the Bank of Ghana, Dr. Ernest Addison, has expressed expectations for flexibility within the IMF programme to accommodate the evolving dynamics of the local economy.
Speaking at a joint press conference on the second review of the
LPG marketing companies oppose new tax by NPA
The LPG Marketing Companies Association of Ghana has described as insensitive the imposition of a new levy pegged at $80 per metric ton on LPG effective April 1, 2024.
In a statement dated April 15, 2024, the association said the
LPG consumption shows decline amidst soaring prices – IES analysis reveals
A regression analysis conducted by the Institute for Energy Security (IES) has revealed a concerning trend of declining of Liquefied Petroleum Gas (LPG) consumption within the country’s downstream petroleum sector.
The study, spanning from January 20…
Naira’s rebound brings no respite for struggling Nigerians
The naira is on a roll, but struggling Nigerians are still waiting to reap the benefits.
The currency of Africa’s biggest oil producer has jumped almost 40% against the dollar since mid-March, making it the world’s best performer. Those gains
Mahama to form joint army-police anti-robbery squads to safeguard 24-hour economic activities
Under a new Mahama government, joint military-police anti-robbery squads would be formed across the country to provide security for economic activities that would take place under the National Democratic Congress’ 24-hour economy proposal.
This was a…
Nigeria to compel oil firms to sell crude to domestic refineries
The federal government through the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has introduced new regulations requiring its oil producers to sell crude oil to local refineries in a move to reduce the country’s dependence on imported refin…
PURC fines ECG board members GHS5.8 million for dumsor timetable breaches
The Electricity Company of Ghana (ECG) has been fined hefty sums by the Public Utilities Regulatory Commission (PURC) for various infractions.
The PURC imposed a GHS36,000 penalty on ECG for failing to disclose all its bank and investment accounts de…
Transport Ministry orders police, security agencies to arrest drivers charging unapproved fares
The Ministry of Transport has directed the Ghana Police Service and other security agencies to lookout for transport operators charging fares above the approved ones.
In a directive issued on Sunday, April 14, 2024, the Ministry called upon the Ghana…