The Ghana Chamber of Bulk Oil Distributors (CBOD) has reassured customers that fuel prices are unlikely to surge by the end of April 2024. The Chamber emphasized that the potential scenario may not significantly impact the prices of gasoline, diesel, and liquefied petroleum gas (LPG). It stated that its assessment of factors influencing pump prices, […]

The Chamber of Petroleum Consumers (COPEC) has criticized the Ministry of Transport for its directive to the Ghana Police Service regarding the enforcement of new fares.   On Monday, April 15, the Ministry instructed the Ghana Police Service to monitor commercial drivers who are charging fares exceeding the approved rates. Duncan Amoah, Executive Secretary of […]

The dismissal was communicated through a correspondence dated Tuesday, April 9, 2024. Nana Bediatuo Asante, the Executive Secretary to the President, endorsed the document, instructing Dr. Tenkorang to hand over his duties to Kofi Bosompem Osafo-Maafo by Monday, April 15.   While the reason for the contract termination was not disclosed, excerpts from the statement […]

Ghana is poised for its second evaluation under the three-year, $3 billion IMF-backed Post-COVID-19 Programme for Economic Growth (PC-PEG). Beginning today, Tuesday, April 2, 2024, this review follows the successful completion of the initial assessment earlier in January. Over the weekend, a team from the IMF arrived in Ghana to commence evaluating the country’s performance […]

The World Bank has released a US$300 million loan facility to Ghana for budgetary support. This amount was credited to the Central Bank’s account on Wednesday, March 27, 2023.   This disbursement marks the initiation of the first phase of a series of three operations, each amounting to $300 million, from the World Bank. These […]

Paul Kwabena-Amaning, President of the Artisanal Palm Oil Millers and Outgrowers Association of Ghana, has asserted that substantial government investment in the oil palm business has the potential to sustain and enhance Ghana’s economy.   He expressed confidence that Ghana could lead the world in palm oil production with government support and stressed the importance […]