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ECONOMY-FINANCE

Fuel Prices To Further Go Down From Friday

The Institute of Energy Security (IES) is projecting a further drop in the prices of petroleum products in the country from Friday, December 16, 2022. The IES says it is expecting fuel prices to go down due to the continuous appreciation of the Ghanaian cedi against the United State dollar in recent times as well as the price fall recorded at the international market over the first pricing window.

  1 month ago ago
Fuel Prices To Further Go Down From Friday

ECONOMY-FINANCE

Fuel price start to drop at different OMCs.

Buyers of petroleum are supposed to observe a decrease in costs the nation over from 2nd January, 2023. This comes after some significant Oil Marketing Companies (OMCs) have started to change costs downwards at different siphons. Checks by GhanaWeb Business to some OMCs showed that GOIL has marked down the cost of it petroleum based commodities by around 8%.

  1 month ago ago
Fuel price start to drop at different OMCs.

ECONOMY-FINANCE

Evening news: Fuel prices go further down in Ghana

Fuel prices at the pumps across the country have seen a slump on Monday, January 2. The prices reduced at the last review ahead of the Christmas festivities. Just two days into the New Year, major oil marketing companies (OMCs) have reduced their prices.

  1 month ago ago
Evening news: Fuel prices go further down in Ghana

ECONOMY-FINANCE

(Fuel Prices): Goil Reduces Fuel Price Yet Transportation Fares Remain The Same.

This season has been a very tough one for a lot of people in this country ranging from the ever increasing prices for foreign currencies to that of local products. Many blame this to the increase of fuel prices but today(15 November, 2022) GOIL has reviewed its prices has it is done everything two weeks at all its retail posts.Before the latest review of prices, the Gasoil(Diesel) was selling at 23.49 cedis per litter but now, it is at 20.5 cedis.

  2 months ago ago
(Fuel Prices): Goil Reduces Fuel Price Yet Transportation Fares Remain The Same.

SOCIETY

Angry passengers react to yet another hike in transportation costs

Following an overnight spike in transportation costs driven on by the most recent increase in fuel prices, several passengers have become agitated. Following the increase in fuel prices on November 1, drivers in the Greater Accra Region increased their charges on Wednesday morning. Last week, transportation costs had jumped by 19%. Diesel is now retailing for over GH$23 per litre this week, while gasoline is at about GH$18 per litre. Some of the Medina Station drivers attributed the rate increase to the rising

  3 months ago ago
Angry passengers react to yet another hike in transportation costs

ECONOMY-FINANCE

I Am Looking For A Donkey To Buy - Sam George Says After Increases In Fuel Prices

Honourable Sam 'Dzata' George the Member of Parliament for Ningo Prampram has made his views concerning the increase in fuel prices known. COPEC has announced a 10% increase in fuel prices. This meant that, the price of Petrol and Diesel moved up to GHS12.38/L and 15.15/L respectively.

  3 months ago ago
I Am Looking For A Donkey To Buy - Sam George Says After Increases In Fuel Prices

ECONOMY-FINANCE

Finance Minister, Where is the Economy Heading To?

Inflation in Ghana has shot up to 40.4% in the nation as at October 2022, with Diesel Prices soaring by 155% and Petrol by 111.9%, Palm oil which is locally made has increased by a whopping 105.9% and even Drinking water has inflated up to 64.3%.

  2 months ago ago
Finance Minister, Where is the Economy Heading To?

ECONOMY-FINANCE

Bawumia Is This How Far You Have Brought Us? – Reactions After New Fuel Prices Drop On Social Media

Yesterday COPEC released a statement telling how fuel prices will be increased. In the statement released they cited the high prices of oil that has shot up as a result of the Ukraine Russia war. Well, today, Wednesday, March 16, 2022 some Fuel companies have made the new prices reflect on their stands.

  10 months ago ago
Bawumia Is This How Far You Have Brought Us? – Reactions After New Fuel Prices Drop On Social Media

POLITICS

Your Party Will Win Power And Do Worse Than This: Ghanaian Tells Top Politician After Dropping This.

The prices of goods and services such as fuel, under this Government has been increasing at an increasing. This has however resulted into some kind of economic hardship in the country for a while now. However, the recent trending news that has undoubtedly led majority of Ghanaians to massively react across all social media platform has got with a post made by the special aide to the Former President of Ghana during the erstwhile administration, Felix Kwakye Ofosu.

  9 months ago ago
Your Party Will Win Power And Do Worse Than This: Ghanaian Tells Top Politician After Dropping This.

SOCIETY

Diesel Tanker Catches Fire in a Fatal Accident at Nkawkaw Achiase Road

A diesel tanker with registration number GT-6490-X gets involved in an accident at Nkawkaw Achiase in the Eastern Region of Ghana around midnight which catches fire after swerving to the nearest river called "Nkawkaw". According to residents in the area, this accident was caused when the drivers of the diesel tanker tried their best to save a taxi driver after unsuccessful overtaking.

  6 months ago ago
Diesel Tanker Catches Fire in a Fatal Accident at Nkawkaw Achiase Road

ECONOMY-FINANCE

The Increase of Fuel Price in Ghana might cause another increase in Trotro/bus fee

Diesel is now GH¢10.80, petrol now GH¢ 9.70. from the look of things a litre might be Gh¢50 by December 2022. Prices increased Soo fast which have got the whole nation complaining about it. Increase in price of petroleum also calls for increase in price of food items.

  10 months ago ago
The Increase of Fuel Price in Ghana might cause another increase in Trotro/bus fee

ECONOMY-FINANCE

Patrol & Diesel anticipated to decrease, while LPG expected to increase - COPEC

In the following pricing window, which starts on Wednesday, November 16, fuel users could experience a slight reprieve at the pumps. It is anticipated that Patrol and Diesel prices will decrease. However, it is anticipated that Liquefied Petroleum Gas (LPG) will increase in price.

  2 months ago ago
Patrol & Diesel anticipated to decrease, while LPG expected to increase - COPEC

ECONOMY-FINANCE

COPEC expects fuel prices to fall next week

Fuel prices are expected to drop on Monday, November 14, 2022, according to the Chamber of Petroleum Consumption (COPEC). Fuel prices, including diesel and gasoline, have increased recently. Diesel is currently on sale for over GH¢23, while petrol is around GH¢18.

  2 months ago ago
COPEC expects fuel prices to fall next week

SOCIETY

GPRTU To Increase Transportation Fares On Monday, 24th October, 2022.

The Ghana Road Transport Union (GPRTU) has planned to increase fares on transportation starting Monday, October 24, 2022, and announced new fares for public transport. This plan to increase transportation fares is about the frequent increase in fuel prices at the fuel pump. Recently, the prices of Diesel and Petrol range from GH¢15 and GH¢13 respectively at major fuel pumps; this rapid increase in fuel prices is eating up the profit of those who sell fuels.

  3 months ago ago
GPRTU To Increase Transportation Fares On Monday, 24th October, 2022.

ECONOMY-FINANCE

Fuel Prices To Increase Again This Week

The prices of fuel and other petroleum products are expected to increase again this week. This comes as unpleasant news for many Ghanaians who are battling with a high cost of goods and services as well as transportation. According to George Wiafe of Joy FM, data secured from the Bulk Oil Distribution Companies, indicates Petrol which currently selling at around 10 cedis 10 pesewas per liter is expected to be increased by 12.88 percent.

  7 months ago ago
Fuel Prices To Increase Again This Week

ECONOMY-FINANCE

Government and BoG must address inflation, according to the IEA

According to the Institute of Economic Affairs (IEA), the government and the Bank of Ghana (BoG) must work together to address the issues causing inflation to grow. The economic think tank claims that supply and cost issues, notably those related to food, fuel, transportation, and exchange rates, played a significant role in driving the current inflation rate of 33.9% in August 2022.

  4 months ago ago
Government and BoG must address inflation, according to the IEA

ECONOMY-FINANCE

Fuel prices to shoot up by 5% and 9% from March 16 - IES predicts

The Institute of Energy Security (IES) has predicted that prices of petroleum products will likely rise by at least 5% from this coming Wednesday, 16th March 2022. The second pricing window which is expected to start from the 16th of March to 31st of March will likely see the price of Liquefied Petroleum Gas (LPG) rise by 3%, whilst the prices of Petrol and Diesel are expected to rise by 5% AND 9% respectively.

  10 months ago ago
Fuel prices to shoot up by 5% and 9% from March 16 - IES predicts

ECONOMY-FINANCE

COPEC: Litre of Diesel To Climb To ¢10. 721 On Wednesday

The 2021–2022 global energy shortage is the most recent in a series of cyclical energy shortages experienced over the last fifty years. It is more acutely affecting countries such as the United Kingdom and China, among others. The Chamber for Petroleum Consumers (COPEC) has predicted a rise in fuel prices at the various pumps on Wednesday, March 16, 2022.

  10 months ago ago
COPEC: Litre of Diesel To Climb To ¢10. 721 On Wednesday

ECONOMY-FINANCE

COPEC, IES Project Increase In Petrol, Diesel and LPG Prices Please follow me.

Fuel costs are probably going to up before very long following a flood in costs of completed oil based goods and unrefined on the worldwide market, examiners have anticipated. In discrete examination of the May 2022 First Evaluating Window (May 1 to May 15, 2022), the Office of Petrol Shoppers (COPEC) and the Establishment for Energy Security (IES) extended that costs of petroleum, diesel and Melted Petrol Gas (LPG) would record a minimal increment on the neighborhood market this week.

  8 months ago ago
COPEC, IES Project Increase In Petrol, Diesel and LPG Prices
Please follow me.

ECONOMY-FINANCE

Why Ghana's Inflation Is Much Higher Than The Recorded 27.6%?

Inflation is ravaging the world and causing havoc to incomes of ordinary people. Pensioners who have saved and invested funds to earn some returns for their upkeep are also reeling under the inflationary pressure. In Ghana, recent inflation recorded in May 2022 is 27.6% but analysts stated that our inflation is much higher than what is recorded by our institutions.

  7 months ago ago
Why Ghana's Inflation Is Much Higher Than The Recorded 27.6%?