Business

The price of Liquefied Petroleum Gas (LPG) is expected to fall by about 7.0% from tomorrow, June 16, 2023. According to the LPG Marketers Association, the reduction will be caused by about a 10% drop in the prices of the commodity on the international market. Its Vice President, Gabriel Kumi, …

The Bank of Ghana has warned the public against dealing with some 97 unlicensed entities that advance loans to prospective clients through mobile apps. The central bank said in a statement that further to its notice number BG/GOV/SEC/2022/10 on Unlicensed Entities Engaged in Lending, it has observed the “persistent operation …

Like the Kumawu constituency in the Ashanti Region, which saw deplorable roads suddenly being repaired as a result of a by-election, roads in the Assin area of the Central Region, are about to see major upgrades also as a result of a by-election. Yesterday, Speaker of Parliament, Alban Bagbin, got …

 The Pensioner Bondholders Forum, who were deceived by the Finance Minister, Ken Ofori-Atta into ending their picketing recently, have served notice to resume their picketing at the Finance Ministry from tomorrow, Thursday, 1 June 2023. This is because the government failed to honour its latest promise to pay their matured …

The Ministry of Energy has a US$1.7 billion bill for a Floating Oil Production Storage Offloading (FPSO) vessel which the Norwegian company Aker Energy Ghana Limited, purchased for US$35 million as part of a Plan of Development (PoD) to the government of Ghana. “Even though Aker has sold their interest in Ghana, …

The Independent Power Producers, Distributors, and Bulk Consumers are threatening to cut power supply to the national grid by the end of June 2023 if the government fails to settle its debt. This could create a huge power shortfall as the IPPs control over 65% of the available thermal generation capacity in the …

Former President of Liberia and Former ECOWAS Chair, Ellen Johnson Sirleaf has urged African countries to prioritize the use of data in its policy making as she says it is critical to Africa’s development. “In Africa, the need for timely data has become increasingly important in recent years. With the …

The Deputy Minister of Lands and Natural Resources, Benito Owusu-Bio, has revealed that the government has approved an amount of GH₵2.5 million for the 2023 Green Ghana tree planting. The Deputy Minister mentioned this at a press conference at the ministry on the government’s preparation towards the 2023 Green Ghana …

Data from the Public Interest and Accountability Committee (PIAC) shows that Ghana’s total petroleum revenue between 2011 and 2022 amounted to US$8.8 billion, with the year 2022 recording the highest realized petroleum revenues in the Petroleum Holding Fund (PHF). The total petroleum revenue in 2022 is the highest for a …

Prices of petroleum products have shot up at the pumps this Monday April 17, 2023. This is the first increase since the introduction of the much-touted ‘Gold for Oil’ policy. Leading Oil Marketing Companies (OMCs), GOIL, Total and Shell have all increased prices of petrol and diesel. GOIL is selling …