Fuel prices are expected to decrease starting tomorrow, November 16, 2024, barring any unexpected developments. The Chamber of Petroleum Consumers (COPEC) forecasts a reduction of approximately 5.06% in petrol prices, 3.88% in diesel prices, and 1.14% in Liquefied Petroleum Gas (LPG) prices. COPEC attributes this anticipated decline to a 0.72% drop in global crude oil […]

Sunon Asogli Power Ltd has announced the shutdown of its operations due to the Electricity Company of Ghana’s (ECG) failure to settle a $259 million debt. In a statement released on October 16, 2024, the company said it was forced to cease operations on October 8 at 5 PM due to the unpaid debt. “This […]

Key players in Ghana’s logistics and trade sectors are set to stage a major protest against the practices of shipping lines operating within the country on Tuesday, September 24, 2024. The Ghana Institute of Freight Forwarders (GIFF), the Association of Customs House Agents of Ghana, Freight Forwarders Association of Ghana, and the Customs Brokers Association […]

Fuel prices are projected to decrease in the upcoming pricing window, starting Monday, September 16, 2024, according to the Chamber of Petroleum Consumers (COPEC). Amid fluctuations in global petroleum prices, consumers can expect an average price reduction of about 4% on diesel, petrol, and LPG, COPEC indicated.   “Unless there are any significant unexpected changes […]

The inflation rate in Ghana for August 2024 decreased to 20.4%, down from 20.9% in July, continuing a six-month downward trend since March, when inflation peaked at 25.8%. Government Statistician, Professor Samuel Kobina Annim, attributed this decline to a reduction in food inflation, which dropped to 19.1% in August. In contrast, non-food inflation rose slightly […]

At the China-Ghana Business Forum in Shenzhen, China, on September 7, 2024, President Nana Addo Dankwa Akufo-Addo made a strong appeal for increased Chinese investment in Ghana. Addressing a group of Chinese business leaders, the President highlighted the enduring relationship between the two countries and outlined the vast investment opportunities available in Ghana across sectors […]