The Institute for Energy Security (IES) has projected a significant increase in the cost of petroleum products, estimating that petrol, diesel, and Liquefied Petroleum Gas (LPG) prices will rise by 7% to 13% starting February 1, 2023. Under this forecast, consumers should expect petrol to sell for approximately ¢15 per litre, while diesel is expected to exceed ¢17 per litre. …

The Ghanaian government has formally authorized the entry of pork and several other meat products from the United States into the local market. This development follows an official agreement between Ghana’s Ministry of Food and Agriculture and the U.S. Department of Agriculture (USDA), specifically accepting export certificates that cover poultry, beef, lamb, and goat in addition to pork. While the …

A Nigerian national has been apprehended by the Customs Division of the Ghana Revenue Authority at the Aflao border for attempting to smuggle a large sum of counterfeit currency into the country. The suspect, 57-year-old Aremu Timothy Adegboyega, was intercepted along an unapproved route known as “Beat Zero” while traveling as a passenger on a motorcycle. Upon searching his backpack, …

In a significant shift for the Ghanaian telecommunications landscape, the National Communications Authority (NCA) granted conditional approval in January 2023 for the transfer of Vodafone’s 70% majority stake in Ghana Telecommunications Company Limited to the Telecel Group. This decision followed an earlier rejection of Telecel’s bid. The NCA initially cited a failure to meet regulatory thresholds but reversed its stance …

Takeoff, a member of the rap group Migos, has tragically passed away at the age of 28. The rapper, born Kirshnik Khari Ball, was fatally shot at a bowling alley in Houston early on November 1, while he and Quavo were playing dice. Takeoff was pronounced dead at the scene, while two others were injured and taken to the hospital. …

Cocoa farmers in Gyampokrom, located in the Sehwi Juaboso District of the Western North Region, have threatened to smuggle their harvests into Ivory Coast as a response to intensifying economic challenges. The farmers, who operate near the border, warned that they are prepared to take this drastic action if the government does not significantly increase the producer price of cocoa …

Richard Ohene Kumah, a veteran kente weaver and CEO of Ohene Kumah Enterprise, has warned that Ghana’s iconic kente industry faces a potential collapse if the government does not intervene to address critical challenges. Speaking from his base at the National Museum of Ghana, Mr. Kumah explained that the industry is being undermined by a lack of institutional support and …

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 …