A fall in inflation coupled with the strengthening of the cedi and the falling of prices of fuel on the international market should spur a further reduction in the price of fuel at the pumps for consumers, Ghana’s Deputy Minister of Information Pius Enam Hadzide has said.
The prices of petrol, diesel, Liquefied Petroleum Gas (LPG) are expected to fall by 5.8%, 4.8, and 2.4%, respectively.
The Chamber of Petroleum Consumers-Ghana (COPEC-GH), has predicted that fuel prices will remain stable at the pumps in the second pricing window of December 2018 despite a dip in world market prices by between 6% and 9%.
“Our checks with the various Oil Marketing Companies (OMCs), however, indicate a notice of the full restoration of the Price Stabilisation and Recovery Levy (12p for gasoline and 10p for gasoil) back into the price build-up.
The Managing Director of the International Monetary Fund (IMF), Ms Christine Lagarde, has observed that the Ghanaian economy is in a better place than it was two years ago.
She said the IMF-supported programme had been an anchor for orderly economic adjustment and a positive signal to the market.
Ghana could cut interest rates early next year if inflation continues to drift lower, the central bank governor said on Tuesday.
“I could easily see the policy rate going further down,” Ernest Addison told Reuters on the sidelines of a banking conference.
Asked how soon the 17 per cent rates could be cut, he added: “Our next meeting is in January and after that we have another meeting in March, so, in between now and March.”
The Managing Director of the International Monetary Fund (IMF), Christine Lagarde is set to visit Ghana from 16 – 18 December 2018, Deputy Minister of Information, Pius Enam Hadzide, has said.
“The visit comes weeks ahead of Ghana’s conclusion of the IMF programme”, Mr Hadzide told journalists on Wednesday, 12 December 2018 at the ministry’s mid-week news briefing.
National Democratic Congress (NDC) flagbearer hopeful, Ekwow Spio-Garbrah says their sympathizers have resolved to go to court and fight the National Executive Committee(NEC) if all attempts to ensure an amicable settlement of the controversy surrounding the party’s presidential nomination and filing fees fails.
The National Democratic Congress (NDC) needs a strong horse to enable it to win the 2020 presidential and parliamentary elections, defeated General Secretary aspirant of the NDC, Koku Anyidoho, has said.
Mr Anyidoho was defeated by Mr Johnson Asiedu Nketia in the just-ended 9th National Delegates Congress of the NDC at the International Trade Fair Centre on Saturday, 17 November.
President Nana Addo Dankwa Akufo-Addo will embark on a three-day working visit to the Eastern Region from 22 to 24 November 2018.
The visit forms part of the president's commitment to deepen grassroots participation in his government and to also obtain first-hand information from the people, a statement signed by the Eastern Regional Communication Director of the governing New Patriotic Party, David Prah, said.
Mr Atukwei Quaye, the Campaign Coordinator of Mr Sylvester Mensah, one of the flag bearer aspirants of the main opposition National Democratic Congress (NDC), has resigned ahead of the party’s flag bearer contest slated for December 2018.
Similarly, Mr Quaye’s deputy, Nii John Coleman, has also resigned.
A prominent member of the main opposition National Democratic Congress (NDC), Major Osahene Boakye-Djan (Rtd.) has backed calls for the party to reserve the running mate position for a Voltarian.
This comes after a defeated National Organiser aspirant, Anita De-soso, a Voltarian, said at the National Delegates Congress of the party over the weekend that the defeat of many Voltarian candidates who were aspiring to frontline positions meant that Ewes had been sidelined from the game.
