The recent gains made by the local currency cedi against the US dollar have sparked optimism among car dealers that vehicle prices could potentially drop in the coming months. According to industry players, the strengthening cedi could ease the cost burden for consumers, particularly those looking to purchase second-hand vehicles, which dominate Ghana’s automotive market. […]
Dr. Sharif Khalid, Economic Advisor to the Office of the Vice President, has dismissed claims by former Vice President Dr. Mahamudu Bawumia that the recent stability of the Ghanaian cedi is a result of policies implemented by the erstwhile NPP administration. Dr. Bawumia had asserted that the local currency’s appreciation is due to the gold […]
The Ghanaian local markets are experiencing a welcome respite from pricing uncertainties, thanks to the recent stability of the Ghanaian cedi. According to Samson Asaki Awingobit, Executive Secretary of the Importers and Exporters Association of Ghana, the cedi’s steady performance is easing pressure on traders, particularly in key commercial hubs like Abossey Okai and Okaishie. […]
Commuters in Ghana may soon breathe a sigh of relief as the Ghana Private Road Transport Union (GPRTU) hints at an imminent reduction in transport fares. According to Abass Imoro, the union’s Industrial Relations Officer, ongoing negotiations with the Ministry of Transport are nearing a conclusion, with a final meeting scheduled for Tuesday, May 20. […]
President John Dramani Mahama has expressed optimism that the mid-year budget review, slated for presentation in August, will bring even more positive tidings for Ghanaians. Addressing a durbar in Wa as part of his thank-you tour, President Mahama highlighted the government’s concerted efforts to stabilize the economy, asserting that the initiatives have begun to yield […]
The Chamber of Petroleum Consumers (COPEC) has announced a substantial reduction in fuel prices, effective today, May 16. According to Paul Eric Ofori, Head of Research at COPEC, diesel prices are expected to plummet by 8.3% to 8.5%, marking one of the most significant single-window reductions in recent months. “Cumulatively, we have witnessed about a […]
The Country’s economy is exhibiting promising signs of stabilization, thanks to the concerted efforts of Finance Minister Dr. Cassiel Ato Forson and Bank of Ghana Governor Mr. Johnson Asiama. President John Dramani Mahama lauded their collaborative endeavors, commending the symbiotic relationship between the Ministry of Finance and the Central Bank. During a grand durbar of […]
The Ghana Union of Traders Association (GUTA) and the Association of Ghana Industries (AGI) have issued a joint ultimatum, granting businesses a 60-day window to recalibrate their prices in response to the Ghanaian cedi’s remarkable surge against the US dollar. This decisive move follows a high-level parley with the Minister for Trade and Industry, Elizabeth […]
The Food and Beverage Association of Ghana (FABAG) has announced a significant development in the country’s consumer goods sector, revealing that prices of essential items are beginning to decline. According to John Awuni, Executive Secretary of FABAG, staple goods such as sugar and rice have already experienced notable price reductions, with sugar prices dropping by […]
In a bid to alleviate the cost-of-living pressures faced by ordinary Ghanaians, Finance Minister Dr. Cassiel Ato Forson met with the leadership of the Food and Beverage Association of Ghana (FABAG) on May 8. The meeting, described as “frank and productive,” centered on discussing the state of the economy, food pricing, and collective measures to […]