Revamp TOR to save the economy – Duncan Amoah offers a solution to rising petroleum prices

Executive director of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah has stated that if the government does not commit resources to make sure the Tema Oil Refinery is efficient, the economy will remain overly exposed to volatility. He explained that an efficiently operating Tema Oil Refinery will ensure that the

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Russia-Ukraine war and cedi depreciation the cause of high petroleum prices – Deputy finance minister

Willam Owuraku Aidoo, a Deputy Finance Minister has stated that the Russia-Ukraine war and the depreciation of the Ghanaian cedi have attributed to the surge in petroleum prices in Ghana. Mr Aidoo further stated that the government is unable to do much about the prices due to the deregulated regime

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Development Bank is one of my administration’s policies to revitalize the economy – Akufo-Addo

President Nana Addo Dankwa Akufo-Addo has stated that the Development Bank of Ghana (DBG) is one of his administration’s many policy measures aimed at accelerating Ghana’s economic growth. According to him, the DBG’s main goal is to provide long-term investment to the private sector while also developing the ecosystem for

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Finance ministry and others need to be disciplined to deal with rising inflation – Economist

Dr Adu Sarkodie, an economist has argued that strategies adopted by the Bank of Ghana to fight inflation may not yield results without multi-sectoral support from some key government institutions.  He added that Ghana’s record-high inflation of 27.6%, which is primarily supply-driven, requires key Ministries – Trade, Finance and Agriculture

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Inflation hits 27.6 per cent for May as government loses grip on fundamentals

With  Ghana struggling to tackle its economic woes, one of them that needs to be looked at is the inflation rate which has increased again to 27.6 per cent in May. This reflects a four percentage point upward adjustment in the inflation rate compared to the 23.6 per cent recorded

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Ghana’s inflation is driven by the government’s spending and taxes, not monetary policy – Gov’t statistician

Professor Samuel Kobina Annim, the government statistician has opined that the country’s fiscal policies are largely to blame for the rising inflation as against the monetary policy. He explained that confirmed data collected by the Ghana Statistical Service points to the fact that the rising cost of goods can only

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Collaborate with governments to establish a mining index on the local stock exchange – Bawumia to mining companies

Vice President Dr Mahamudu Bawumia has advised Mining companies operating in Ghana and the entire West African sub-region to collaborate with governments and regulatory bodies to establish a mining index on local stock exchanges to enable both owners and investors in the minerals to benefit from its exploitation. The Vice

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