The Chamber of Oil Marketing Companies (COMAC) has pushed back against claims that the previous government’s Gold-for-Oil (G4O) policy was a key driver in reducing fuel prices. It argues that global market dynamics—not the initiative—led to the price drops. Ghana introduced the G4O policy in December 2022, with the first consignment arriving in January 2023....
Category: Business
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Gov’t to Meet Transport Unions Over Fare Hikes Amid Rising Fuel Prices
The government is set to meet with the transport unions today, February 11,regarding proposed fare hikes in response to the ongoing rise in fuel prices. This discussion comes amid growing concerns from commuters and transportoperators about the financial strain caused by fluctuating fuel costs and their effect on transportation services across the country. The move...
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2024 Global Corruption Perception Index: Ghana Scored 42 Out Of 100
The 2024 Corruption Perception Index (CPI) has ranked Ghana with a score of 42 out of 100, a slight decline from its 2023 score of 43. This was announced in apress release from the Ghana Integrity Initiative (GII), the local branch ofTransparency International, on February 11. The drop in score signals a setback in the...
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Ghana and Australia Partner to Boost Food Production – Prof. Opoku-Agyemang
Ghana’s Vice President, Professor Naana Jane Opoku-Agyemang, is pushing for a stronger agricultural partnership between Ghana and Australia to tackle food production challenges. She believes that combining Australia’s agribusiness expertise with Ghana’s abundant arable lands will yield mutual benefits. During a meeting with Australian High Commissioner Berenice Owen-Jones, Professor Opoku-Agyemang emphasized the potential for a...
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Armah-Kofi Buah to Meet Traditional Leaders to Combat Galamsey
Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, has unveiled plans to tackle the menace of illegal mining, popularly known as galamsey, by partnering with traditional leaders. This move aims to protect Ghana’s forest reserves and water bodies by promoting a regulated and sustainable mining sector. During his first day in office, Armah-Kofi Buah...
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Ghana Standards Authority issues guidelines on cement use for construction
The Ghana Standards Authority (GSA) has specified the appropriate type of cement for construction projects to ensure structural integrity and safety. The announcement is part of a public education campaign led by the Cement Manufacturing Development Committee (CMDC) under the Ghana Standards Authority (Manufacture of Cement) Regulations, 2023 (L.I. 2480). According to the GSA, the...
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New Leadership at Ghana Shippers Authority: Prof. Ransford Gyampo Appointed Acting CEO
Professor Ransford Gyampo, a renowned academic and political analyst, has been appointed as the Acting Chief Executive Officer of the Ghana Shippers Authority by President John Dramani Mahama. This appointment marks a significant milestone in Prof. Gyampo’s distinguished career, which spans over two decades in academia, governance, and public policy. As a Professor of Political...
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T-Bills: Gov’t to borrow GH¢6.3bn today amid expected interest rate decline
The government plans to borrow GH¢6.353 billion through Treasury bills today, Thursday, January 23, 2025, amidst expectations of a potential downward adjustment in interest rates after weeks of steady increases. The borrowing will be achieved through the issuance of 91-day, 182-day, and 364-day bills to refinance GH¢5.60 billion in maturing obligations. Interest rates, which currently...
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New NPA Boss Prioritizes Stable Fuel Supply and Competitive Pricing
Edudzi Tamakloe, the newly appointed Acting Chief Executive Officer of the National Petroleum Authority (NPA), has assumed office at a critical juncture. With looming threats of fuel shortages, ensuring nationwide fuel availability is Tamakloe’s top priority. Fuel costs significantly impact businesses and the broader economy, making this a pressing concern. To address logistical challenges disrupting...
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Seth Terkper Named Presidential Advisor on Economy
Seth Terkper, Ghana’s former Minister of Finance, has been appointed as the Presidential Advisor on the Economy. In this role, he will provide strategic counsel to President John Mahama on critical economic issues, including fiscal policy, debt management, and strategies to boost economic recovery . Terkper’s appointment comes at a crucial time for Ghana, as...