NEWS

Spokesperson of the Vice President, Dr Gideon Boaku has said that the only communication on the Haircut from the government that he is aware of is the one said by President Nana Addo Dankwa Akufo-Addo. He said the President was clear in his communication on the haircut. Speaking on the Big Issue with Roland Walker on TV3 Wednesday November 32, ...

Gyankroma Akufo-Addo, daughter of President Akufo-Addo has strongly denied reports that she was given $25 million to beautify parts of Accra. Some allegations on Social Media indicated that Gyankroma Akufo-Addo denies receiving $25m to paint Accrag had been given $25 million to paint parts of the capital city. But in a statement responding to the allegation, the daughter of the ...

The government has suspended the subsidy on Residual Fuel Oil (RFO) until further notice, effective November 1, 2022. According to the National Petroleum Authority (NPA), the move is in line with the directive from the Ministry of Energy as an interim measure to ease the financial burden on the Price Stabilisation and Recovery Account (PSRA). “The Policy directive takes into ...

The Minority in Parliament is asking the government to use part of the over GH¢8 billion revenue accrued from petroleum products to cushion petroleum consumers against the current price hikes. The Minority says the government has received over GH¢8 billion from petroleum resources in less than 3 months, as against its GH¢6 billion projection for the year. Speaking to journalists ...

Sekondi-Takoradi Zonal Association of Sachet Water Producers have agreed to sell a bag at GH¢8 instead of the announced GH¢10. The Association says the measure is to ensure that there is no buyer apathy but that their customers are able to continue to purchase in high volumes. The decision was arrived at after a crunch meeting on Tuesday, November 1 ...

Some passengers have been agitating after an overnight increase in transport fares brought on by the most recent increase in fuel prices. Drivers in the Greater Accra Region on Wednesday morning adjusted their prices higher following the increment of fuel prices on November 1. Transport fares had been increased by 19 percent last week. This week, the price of diesel ...

The management of the Volta Aluminium Company (VALCO) has said its workers rejected a 22 percent increment in salaries, saying it was insufficient. The company felt this increment should have been welcomed by the agitating workers. In a statement, VALCO said, the union executives, made an initial demand of a 62 percent salary increment to the Management of VALCO, and ...

Members of the Economic Fighters League say they will fully participate in the planned demonstration to be organized by private legal practitioner, Martin Kpebu. They accused the government of engaging in thievery. Martin Kpebu wants the president to resign over the economic challenges hence the planned demonstration. In a post on Facebook, Mr. Kpebu announced; “Ku me preko demo for ...

The removal of subsidy on residual fuel by the National Petroleum Authority (NPA) is meaningless, Yapei Kusawgu Member of Parliament John Jinapor has said. In his view, this does not affect petroleum prices in any way. The NPA announced to the general public, particularly stakeholders in the oil marketing sector, that the subsidy on residual fuel oil (RFO) has been ...

The Chief Executive Officer of Dalex Finance has begged President Akufo-Addo to urgently take the decisive measures required to address the current economic crisis the country is facing. According to Ken Thompson, there is a looming poverty characterised by business closures with job losses should the President fail to act. In an interview with Citi TV on Tuesday, November 1, ...