Fuel prices are now edging closer to GH₵15 per litre, a rise that many industry analysts had anticipated due to ongoing economic pressures. The recent hikes are driven by two main factors: the continued depreciation of the Cedi against major international currencies, which is increasing import costs, and the upward trend in global market prices for refined petroleum products. These combined forces have made price increases inevitable for OMCs operating locally. Shell has led the charge by increasing its prices for the second time in October, with a jump of over 50 pesewas. As of now, a litre of petrol,…
Author: herbert
The Ghana National Gas Company Limited has acquired ownership of the Ghana Cylinder Manufacturing Company Limited due to the latter’s significant losses, including a loss of GH¢4 million recorded in 2021. According to the government, this move aims to enhance the Ghana Cylinder Manufacturing Company’s capacity to produce more cylinders that effectively meet customer needs. Speaking at a ceremony in Accra, Herbert Krapa, the Minister of State at the Ministry of Energy, described the acquisition as a significant milestone. “What we are celebrating here today, I believe is the culmination of different milestones. Starting with the President approving the acquisition…
The Ghana Association of Banks (GAB) has unveiled a series of initiatives aimed at strengthening the banking sector’s defences against increasingly sophisticated fraud schemes. This follows the release of the Bank of Ghana’s (BoG) Fraud Report, which analyzed fraud trends from 2019 to 2023, revealing vulnerabilities that require urgent attention. A key component of GAB’s recommendations is the investment in advanced technologies such as artificial intelligence (AI) and machine learning for fraud detection. These tools can analyze vast amounts of data in real-time, identifying suspicious patterns and transactions before fraud is executed. Additionally, GAB advocates for the adoption of a…
The Chief Executive Officer (CEO) of Margins ID Group, Mr Moses Kwesi Baiden Jnr, has challenged business leaders to actively participate in shaping policies that drive economic growth and ensure political transparency.He emphasized that the future Ghana desires will not happen by chance but by design. “It will happen because we choose to stand up, engage, and demand more from ourselves and those in leadership,” Mr Baiden stated at the launch of the “1st Ghana CEO-Presidential Manifesto Gala Dinner” in Accra. A beacon of progress and call to action Baiden described the Gala Dinner as a beacon of progress, a…
Dominic Akuritinga Ayine, the Member of Parliament for Bolgatanga East, has called on New Patriotic Party (NPP) MPs to honour their commitment to boycotting parliamentary proceedings, as announced by Effutu MP Alexander Afenyo-Markin. Afenyo-Markin who is also the leader of government business in Parliament on Thursday, October 17, declared that NPP MPs would indefinitely boycott all parliamentary activities in protest against Speaker Alban Bagbin’s ruling, which declared four parliamentary seats vacant. In an interview on the Citi Breakfast Show with Bernard Avle on Friday, October 18, Ayine, a former Deputy Attorney General, highlighted that whether or not the NPP follows…
Professor Ransford Gyampo, a Political Science lecturer at the University of Ghana, has called on the New Patriotic Party (NPP) caucus to return to Parliament and work collaboratively with the National Democratic Congress (NDC) caucus for the greater good of the nation. His comments come in the wake of Speaker Alban Bagbin’s decision to declare the parliamentary seats of four MPs vacant, following a motion filed by former Minority Leader Haruna Iddrisu. The motion cited constitutional provisions requiring MPs who run as independent candidates or switch party affiliations to vacate their seats. The affected MPs include Cynthia Morrison (Agona West),…
In a significant legal development, the Supreme Court of Ghana has issued a stay of execution on Speaker of Parliament Alban Bagbin’s ruling, which declared the seats of four Members of Parliament (MPs) vacant. The affected MPs are Cynthia Morrison (Agona West), Kwadjo Asante (Suhum), Andrew Amoako Asiamah (Fomena), and Peter Kwakye Ackah (Amenfi Central). This decision halts the implementation of the Speaker’s ruling pending further legal review. The ruling sparked a political storm, as it was seen as a critical moment in the ongoing contest between the Majority and Minority factions in Parliament. The case was heard by a…
The respected Paramount Chief of Essikado Traditional Area in the Western Region, Nana Kobina Nketsia V, has lauded the character of Mr Alan Kyerematen, describing him as a wise and peaceful leader whose background and conduct make him fit to lead the nation. Speaking during a courtesy call by the Caravan Tour team, led by Mr Kwame Owusu Danso, the running mate to Alan, Nana Nketsia emphasized that Alan Kyerematen’s leadership transcends political lines and that his peaceful nature is one that all Ghanaians should strive to emulate. “The character of a leader is more important than the political party…
Senior Advisor and Director of Election Planning for the Movement for Change, Nana Ohene-Ntow, has announced that Alan Kyerematen will abolish the controversial COVID-19 tax, along with other nuisance taxes and charges, when elected President of Ghana. Speaking during the Movement for Change’s Caravan Tour in Kwabenya, Greater Accra Region, Nana Ohene-Ntow described these taxes as unjust burdens on Ghanaians and a major hindrance to business growth in the country. “It is highly unthinkable that years after the COVID-19 pandemic, Ghanaians are still being made to pay this COVID-19 tax. It was meant to be a temporary measure during a…
Majority Leader, Alexander Afenyo-Markin, says he expected the Speaker of Parliament to respect the Supreme Court’s decision to stay the execution of the ruling delivered yesterday. This comes after the apex court, today, directed Alban Bagbin to suspend his ruling which declared four parliamentary seats vacant. Parliament has thus been instructed to recognise and allow the four Members of Parliament to fully represent their constituencies and carry out their official duties. Speaking to the media outside the court, he expressed his elation by the decision. Read also: Supreme Court stays Speaker’s ruling ousting 4 MPs from Parliament“The court has determined…
