Business / Agribusiness Local

Cement Manufacturers to Raise Prices from July 1 amidst Debate Over Regulatory Measures in Ghana

In the midst of a heated debate over a proposed legislative instrument by Ghana’s Trade and Industry Minister, K.T. Hammond, aimed at regulating cement prices, manufacturers have announced plans to raise prices. Dr. Stephen Debrah-Ablormeti, former Vice Chair of the Ghana Real Estate Developers Association, revealed that cement prices, which increased by GH₵10.00 in May, […]

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Business / Agribusiness Local

Fuel Prices to go up from July 1 – COPEC predicts

The Chamber for Petroleum Consumers (COPEC) has predicted a rise in fuel prices for the first pricing window of July 2024. This increase will impact the retail prices of petrol, diesel, and liquefied petroleum gas (LPG) at pumps nationwide. COPEC attributes the anticipated price hike to the further depreciation of the Cedi against the Dollar, […]

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Business / Agribusiness Local

Farmgate Price for Pork up 20%

The Pig Farmers Association of Ghana, led by President Kwame Appiah Danquah, declared the price hike at the annual Porktober event. Danquah stated, “Commencing December 1, 2023, our revised farmgate rates stand at a minimum of GHS 30 per kilo for live weight and GHS 45 for carcass pork.” He underscored the term ‘farmgate,’ cautioning […]

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Business / Agribusiness Local

Some Oil Marketing Companies Begin Price Reductions at the Pump

Several Oil Marketing Companies (OMCs) have initiated a reduction in the prices of petroleum products at fuel pumps. This price adjustment is in response to the Institute of Energy Security (IES) forecast, which indicated the likelihood of a downward revision in the second pricing window of October. For instance, PETROSOL, an Oil Marketing Company, has […]

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Business / Agribusiness Local

Fuel prices set to decline marginally from October 16 – COPEC

The Chamber of Petroleum Consumers (COPEC) has forecasted a forthcoming reduction in fuel prices at gas stations nationwide, commencing on Monday, October 16, 2023. Duncan Amoah, the Executive Secretary of COPEC, made this announcement in a statement issued on Friday. COPEC attributes the expected drop in fuel prices to a significant decrease in international market […]

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Business / Agribusiness Local

Just In: Petroleum Product Prices Adjusted at the Pump

Several oil marketing companies have recently made adjustments to the prices of petroleum products at their pumps. According to reports from Joy Business, these revisions commenced on Tuesday, October 3, 2023, and involve several key players in the industry. Shell, for instance, is now selling a liter of petrol at ¢13.49, while diesel is priced […]

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Business / Agribusiness Local

Electricity and Water Tariffs to Increase for Non-Lifeline Residential Users – PURC

The Public Utilities Regulatory Commission (PURC) has revealed that starting from September 1, 2023, non-lifeline residential utility users will experience a 4.22 per cent increase in electricity tariffs and a 1.18 per cent increase in water tariffs. This adjustment follows the completion of the regulatory process for the third quarter of 2023. However, there will […]

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Business / Agribusiness Local

Fuel Price – COPEC Anticipates 5.7% Increase in August 2023 Pricing Window

The Chamber of Petroleum Consumers (COPEC) has projected a notable increase in fuel prices in Ghana during the second pricing window of August 2023. Anticipating a potential surge of around 5.7% within the next 48 hours, both gasoline and diesel costs will be affected by this change. Currently, the average cost at the fuel stations […]

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Business / Agribusiness Local

National Rent Assistance Scheme (NRAS) Benefits 673 Ghanaians

Some 673 Ghanaians have benefitted from the National Rent Assistance Scheme (NRAS) since its operationalisation in April this year. About 406 of the beneficiaries are from Accra, 120 from Kumasi, Techiman, 68 and Takoradi, 46. Koforidua and Tamale have so far recorded 18 and 15 beneficiaries respectively. Mr Richard Acheampong, the Chief Executive Officer of […]

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Business / Agribusiness Local

BoG provides more answers on ₵60.8bn loss in Q&A

The Bank of Ghana (BoG) has assured that the ability to perform its regulatory function has not been affected despite its challenging financial position. The assurance comes after the regulator posted almost ₵61 billion loss for last year, resulting in a negative equity for the bank. There is more in the following Question and Answer […]

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