Fuel Price Up By 4% Not 11%
The National Petroleum Authority (NPA) has described an announcement by the Chamber of Petroleum Consumers (COPEC) of Ghana that fuel prices have gone up by 11 percent as false and misleading. In a...
Tag: economy
NPA Playing Mischief – COPECGH
The denial by the National Petroleum Authority (NPA) concerning recent reports of fuel price increases smacks of “mischief”, the Executive Secretary of the Chamber of Petroleum Consumers Ghana...
Banker Lauds Plausible Microfinance Reforms
Executive Director of Microfin Rural Bank (MRB), Ishmael Kwesi Otchere, has described as appropriate and timely the move by the central bank to raise the minimum capital requirement for rural banks...
Local USD-Bond Could Foster Dollarisation
Whereas government has given indication it will do more of the domestic dollar-bonds, on the back of the maiden one’s success, some analysts fear it could weaken the cedi and deepen dollarisation...
GOIL Keeps Fuel Prices Unchanged
Ghana Oil Company Limited (GOIL) has assured motorists it will maintain its fuel prices at the pump despite industry trends suggesting an upward adjustment. The Chamber of Petroleum Consumers Ghana...
Government Must Declare Unplanned Expenditure In 2017 Budget
As the Finance Minister prepares to present a first quarter 2017 budget to parliament on Thursday, Economist Dr. Ebo Turkson has urged the government to clearly demonstrate how it intends to finance...
11% Fuel Price Hike Report False
The National Petroleum Authority (NPA) has urged the general public to ignore media reports indicating there has been an upward review of fuel prices. The NPA, in a statement released on Tuesday...
NPA Denies 11% Fuel Price Increment
The National Petroleum Authority (NPA) has denied media reports that fuel prices have increased by 11% in the country describing the publications as “false”. In a statement the NPA said it is...
Kufuor Doubled Debt; I’m Bringing It Down – Mahama
President John Mahama has said accusations that his government has ballooned the country’s debt stock are not true, rather accusing the main opposition New Patriotic Party (NPP) of doubling...
Telcos Want Mobile Money Limits Increased
Telecommunication companies are impressing on the Bank of Ghana to review the maximum amount for mobile financial service transactions in the country. The telcos argue that they are sometimes...
Customers Threaten To Distract DKM Payments In Bolgantanga
Over 300 validated creditors of DKM Diamond Microfinance in the Upper East Region, have threatened to disrupt the payment process at the Bolgantanga branch of the GCB Bank on Tuesday, if they are not...
Dangote Acquires Gas Processing Company In the Netherlands
In a bid to meet Nigeria’s gas requirements, Dangote industries Limited (DIL) has completed the acquisition of Twister B. V, a company based in the Netherlands. The company delivers reliable,...
Local USD-Bond Could Foster Dollarization – Analysts Warn
Whereas the government has given the indication it will do more of the domestic dollar-bonds, on the back of the maiden one’s success, some analysts fear it could weaken the cedi and deepen...
Local Dollar Bond Set To Begin A Train of Issuance
The overwhelming success of government’s debut local dollar bond could serve as a precedent for bigger and longer term issuances, Kofi Awuku, a member of the book building team has said. The...
Terkper To Present Advance Budget To Parliament
The Minister of Finance, Seth Terkper, is expected to present to parliament on Thursday an advanced budget covering government spending from January to March 2017. This practice is in accordance with...
Graduate Joblessness Scares Students From Loan Scheme
Aside the difficulty in getting guarantors, students are running away from the Students Loan Scheme due to rising graduate unemployment, as they are not sure they can land jobs immediately after...
Kenya Airways Pilots Call Off Strike
Pilots working for Kenya Airways have called off their strike which was to start tomorrow. The pilots had vowed to continue with their strike despite a court order blocking the move. We had reported...
IMF Punches Holes In Banking Laws
About three critical legislations enacted by Parliament to guide the financial services sector and the management of public funds are set for amendment less than seven months into their passage. The...
25,000 Rice Farmers Benefit From TechnoServe CARI Project
The Competitive African Rice Initiative (CARI) programme, implemented by TechnoServe Ghana, is facilitating growth in the rice sector, training over 25,000 rice farmers increase yield. The CARI...
Money Lenders Move To Cut Risk
The hierarchy of the Money Lenders Association of Ghana (MLAG) has encouraged members of the Association to adopt credit reference bureaus as a strategic response to the high rate of loan defaults,...