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.
Four flag bearer aspirants of the opposition National Democratic Congress (NDC) are expected to present their nomination forms to the party today, Monday, 17 December 2018.
The four include former President John Dramani Mahama, Professor Joshua Alabi, Sylvester Mensah and Alban Bagbin.
Mr Mahama, after the party event, will proceed to the Accra International Trade Fair Centre to address the media.
This will be his first address to journalists after losing the 2016 general elections.
Second Deputy Speaker of Parliament, Alban Bagbin, has said he will lead the National Democratic Congress (NDC) to win the 2020 general elections if elected as flag bearer and make sure the party stays in power for the next 16 years.
Mr Bagbin made the pledge when he submitted his nomination forms at the NDC headquarters in Accra on Monday, 17 December 2018.
The opposition National Democratic Congress (NDC) has opened nominations for the Ayawaso West Wuogon parliamentary primary ahead of the by-election.
The Functional Executive Committee (FEC), acting on behalf of the National Executive Committee (NEC), notified the constituency executives in the constituency to open the nomination process in accordance with Article 41 of the NDC’s Constitution, a statement signed by the party’s General Secretary, Johnson Aseidu Nketia said.
Picking of nomination forms starts from today, Monday 17 to 18 December 2018.
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.
Once again, the National Democratic Congress (NDC), Ghana’s biggest opposition political party, Saturday, November 17, 2018 held its 9th Delegates Congress at the Fantasy Dome, Trade Fair Centre with the election of National Officers to steer the party to the 2020 general elections.
The Congress drew close to 9,000 delegates from all over the country, making it the biggest political gathering at all times since the inception of the NDC in 1992.
