The Economist Intelligent Unit (EIU) says there will be hardly any room for the Bank of Ghana (BoG) to cut its policy rate, as inflation is further expected to inch up in the coming months. According to its Country Report for September 2019, due to factors such as depreciation of the cedi, slow pace of […]
No chance for policy rate cut – EIU predicts Read More »
The Institute of Energy Security (IES) has predicted a further increase in petroleum prices in the coming days. This prediction follows attacks on critical oil facilities in Saudi Arabia over the weekend. According to the IES, the situation is likely to cause a shortage of oil on the world market, thereby leading to a hike
Fuel Prices To Go High Again – IES predicts Read More »
The International Maritime Organization, IMO says it will enforce a new 0.5% global Sulphur Cap on fuel content from 1st January, 2020. According to the IMO, Sulphur in gasoline impairs the effectiveness of emission control systems and contributes to air pollution hence the enforcement of the new 0.5% global Sulphur Cap on fuel content will
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The General Transport, Petroleum and Chemical Workers Union (GTPCWU), want a reduction in the price of fuel to help ease the cost of living of Ghanaian workers. According to the national secretariat of the union in a statement issued recently, the frequent unannounced fuel price hikes were dealing hefty blows to the pockets of workers, whose salaries
Petroleum Workers Want Fuel Prices Reduced Read More »
Below is the speech given by Mr Senyo Hosi, the CEO of the Ghana Chamber of Bulk Oil Distributors at the 2019 AGM. Madam Chair, august members and owners of the Chamber, it is with much honour that I present my fifth address at the fifth AGM of our Chamber as its CEO. I have
A speech by Senyo Hosi Read More »
Below is the speech given by Mrs Ivy Apea Owusu, board chairman of the Ghana Chamber of Bulk Oil Distributors (CBOD) at the 2019 AGM. Fellow members, you are welcome to the fifth (5th) Annual General Meeting of our Chamber. It has been five (5) strong years of cooperating together to shape and drive the
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OPEC is under intensifying pressure to show it still has the power to reverse a slide in oil prices, according to RBC Capital Market’s Helima Croft. The Middle East-dominated producer group has struggled to shore up crude futures this year, amid a deteriorating outlook for global growth and a protracted trade dispute between the U.S.
OPEC struggling to prove it can still arrest oil price declines Read More »
It has emerged that about 30 per cent of fuel stations in the country are using digitally controlled dispensers that are easy to adjust to alter the quantity of fuel dispensed to buyers. This makes it easier for fuel attendants and their superiors to cheat unsuspecting consumers without tampering with the well-publicised security seals installed
Fuel stations using digitally controlled dispensers to short-change consumers Read More »
Prices of various petroleum products have started going up from Monday after the Oil Marketing Companies (OMCs) were directed by the National Petroleum Authority (NPA) to start applying revised Energy Sector Levies. The NPA’s directive is as announced in the Supplementary Budget presented by the Finance Minister, Ken Ofori-Attah. Based on the revision petrol would witness
Petroleum prices increased as OMCs apply revised energy sector levies Read More »
The Institute of Energy Security (IES) is projecting a considerable rise in the price of LPG on the local market. This is captured in the Institute’s report for the first pricing window for this month. Speaking to Citi News, Research Analyst at the Institute of Energy Security, Mikdad Mohammed said the Institute arrived at this conclusion
IES predicts increment in LPG prices Read More »
