Leading cement manufacturers in Ghana, including the industry giant GHACEM, have implemented price hikes for 50kg bags effective August 30, 2022. This adjustment reflects the growing economic pressure on producers who are struggling to maintain operations amidst a volatile macroeconomic environment. GHACEM New Price List (Distributors) The updated wholesale prices for GHACEM’s various product lines are as follows: Product GradeNew …

In a significant move to stabilize the local currency, a joint task force comprising the Bank of Ghana and the Ghana Police Service apprehended over 76 illegal foreign exchange dealers during a targeted raid in Accra. The operation focused on notorious “black market” hubs within the Central Business District, including Tudu, Makola, and Rawlings Park. These unauthorized dealers are accused …

Leading Oil Marketing Company, GOIL, has issued a formal statement categorically denying allegations of cheating customers and has reassured the public of its commitment to providing value for money. This response follows media reports suggesting that its Ridge Service Station in Sunyani, Bono Region, had been closed by the National Petroleum Authority (NPA) for fuel volume discrepancies. GOIL clarified that …

In a coordinated enforcement operation, the National Petroleum Authority (NPA), working alongside the Ghana National Fire Service and the Ghana Police Service, dismantled an unauthorized cylinder refurbishing plant in Makola, Accra. The raid, which took place on Friday, September 16, 2022, led to the arrest of seven suspects who were caught restoring damaged LPG cylinders and reselling them to the …

Global oil prices have retreated below the $90 threshold as intensified fears of a worldwide recession weigh heavily on market sentiment. On the morning of September 19, 2022, Brent crude traded at $89.17 per barrel, while West Texas Intermediate (WTI) fell to $84.20. This downward trend marks a significant shift, as the commodity dropped below $90 in early September for …

The National Petroleum Authority (NPA) has taken decisive action in the Bono Region by locking several pumps at three prominent filling stations in Sunyani. During a surprise inspection, officials discovered that Frimps Oil (Penkwase), Goil (near Eusbett Hotel), and Engen were dispensing fuel in quantities lower than what consumers were paying for. The most severe case was at Frimps Oil, …

The National Petroleum Authority (NPA) has initiated a rigorous enforcement action against the directors and shareholders of 45 Oil Marketing Companies (OMCs) to recover outstanding debts exceeding ¢400 million. These funds consist of statutory margins and levies, including ¢68 million from the Primary Distribution Margin Fund, which were collected from consumers at fuel pumps but never remitted to the regulator. …

Popular Ghanaian media personality Berlinda Addardey, widely known as Berla Mundi, has officially signed a 15-month brand ambassadorial agreement with the rapidly expanding furniture firm Doğtaş Exclusive. The partnership links the award-winning presenter with the Turkish furniture giant, which is renowned for its diverse catalog ranging from medical-grade mattresses to international-standard living and office sets. Berla Mundi expressed great excitement …

President Akufo-Addo has recently reaffirmed that the Komenda Sugar Factory is expected to be commissioned by the end of this year, a commitment he shared while inspecting the facility during a tour of the Central Region. This latest timeline follows a previous assurance from February 2022, where a target for April of that year was set but ultimately passed without …

The production lines at Ghana Textiles Printing Company Limited (GTP) in Tema have ground to a near-halt, forcing over 600 employees into an indefinite leave. The crisis is driven by a critical shortage of Residual Fuel Oil (RFO), the primary fuel used to power the factory’s boilers and machinery. Production capacity at the facility has plummeted from a peak of …

New data from the Ghana Chamber of Telecommunications reveals a dramatic 98% decline in SIM card re-registrations following the government’s decision to extend the deadline. While a peak of 235,460 daily registrations was recorded just before the initial July 31, 2022, deadline, that number plummeted to a mere 5,861 by August 19, 2022. The statistics highlight a significant “lull” in …

The National Petroleum Authority (NPA) in the Volta Region has intercepted a significant quantity of unwholesome petroleum products believed to have been smuggled into Ghana from Togo. The operation, led by Regional Director Rasheed Dauda, targeted illegal hubs in Dzodze, Penyi, Wudoaba, and Aflao within the Ketu North and South Municipalities. Backed by military protection, officials confiscated over 100 jerry …

Ghana has emerged as a major player in the global coconut industry, with exports of Desiccated Coconut surging by 249% in 2021. According to the Ghana Export Promotion Centre (GEPA), export values skyrocketed to $21.985 million, up from just $6.3 million the previous year. This rapid growth has propelled Ghana to the position of the 9th largest global exporter of …

The woman who led the Me nsa aka ooo TV commercial 13 years ago to promote MTN’s Mobile Money (MoMo) has been gifted a two-bedroom house. The woman, Rita Nhyiraba Tetteh, was the lead character in the first MTN Mobile Money television and radio commercial.  In the commercial, she gave a testimony on how she instantly received the money on her mobile wallet when …

Ghana has successfully renegotiated its Power Purchase Agreements (PPAs) with six major Independent Power Producers (IPPs), including Karpower, Cenpower, Early Power, Twin City Energy, AKSA Energy, and Cenit. This milestone, announced during the Mid-year Budget Review, is projected to save the country approximately $13.2 billion over the lifespan of these contracts. The savings are achieved through a strategic combination of …