Kotoka Airport’s power disconnected over ¢49m debt
The Electricity Company of Ghana, ECG has cut off power supply to some parts of the Kotoka International Airport.According to reports power was cut to Terminal 3 of the Kotoka international Airport and other offices of the Ghana Airports Company over unpaid bills.The Kotoka International Airport owes the Electricity Company of Ghana (ECG) to the tune of GH¢49M...
MIIF to increase royalties with establishment of inter-agency framework, task force
Royalty payments due the Government of Ghana from non-gold minerals such as manganese, salt, limestone and quarrying activities are set for an upturn due to an inter-agency collaboration framework and task force initiated by the Minerals Income Investment Fund (MIIF).The framework is part of the strategic thrust of MIIF to enhance the collection of royalties, expand the royalties net and streamline communication on royalties payments from non-gold mining companies...
Fuel prices to increase by 24%, COPEC predicts
The Chamber of Petroleum Consumers Ghana (COPEC) is predicting that prices of petroleum products will increase to over GHC10 per litre indicating an average of 24%, beginning 16 March 2022.According to COPEC, the forecast is based on the rising cost of crude on the international market and the fast depreciation of the Ghanaian cedi against major trading currencies...
Egypt requests IMF support as economy buffeted by Ukraine spillover
CAIRO, March 23 (Reuters) - Egypt has asked for the International Monetary Fund's support to implement a comprehensive economic programme, the IMF said on Wednesday.Continued exchange rate flexibility would be essential to absorb external shocks, it said in a statement.The IMF is working closely with Egyptian authorities to prepare for discussions with a view to supporting sustainable, job-rich and inclusive growth, it added...