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Cedi Appreciation: Electroland Ghana heed to government’s appeal to reduce prices
Electroland Ghana Limited (EGL)has heeded to an appeal by the government to businesses to reduce prices of their products.
This call by the government follows the recent appreciation of Ghana’s currency against other major trading currencies.
Against this backdrop, EGL in a press conference of Monday, May 19, 2025, announced a reduction in their prices.
Speaking to the media on Monday, May 19, 2025, Head of Marketing and Media Relations, Electroland Ghana, Adiza Ibrahim said, the move was in line with the recent booming of the Ghanaian economy, coupled with the appreciation of the Ghana Cedi against other foreign currencies.
According to her, their price reduction was in line with the government’s appeal to businesses in Ghana to reduce their prices due to the current appreciation of the Ghanaian currency.
” Electroland Ghana Ltd. is glad to announce gargantuan reductions on all our prices,” she revealed.
She stressed that Electroland Ghana believes their customers are shareholders in their business, thus they should celebrate the cedi appreciation with them.
“Cedi Apiki Promo offers sensational price reductions as well as freebies on our products.We are committed to ensuring that our customers enjoy the best prices on electronic appliances,”she revealed.
By Edem Mensah-Tsotorme
The Chairperson of the Public Accounts Committee (PAC) Abena Osei Asare has expressed concerns about the failure of the Administrator of the Ghana Education Trust Fund (GETFund) Mr. Paul Adjei to honour invitation of the Committee to assist in dealing with abandoned projects cited in the 2024 Auditor-General’s report.
She emphasised that some of the projects have been abandoned for more than 20 years and it kept reoccurring in the Auditor-General’s report yearly, stressing that the GETFund Administrator could assist by prioritising these projects.
However, he has failed to personally appear before the Committee since the commencement of the Committee’s public hearing in the 9th Parliament.
According to the 2024 Auditor-General’s report on Pre-University Educational Institutions, nine (9) Institutions with 16 projects awarded by the GET Fund Secretariat had been abandoned/delayed for a period ranging between three (3) and 28 years.
Some of the affected schools include Adanwomoase Senior High School (Boys and Girls dormitory abandoned for 12 years), Atoa Senior High School (Home Economics Block abandoned for 27 years), Beposo Senior High School (Dinning Hall and Kitchen Complex abandoned for 10 years and lastly KNUST Senior High School (Three storey classroom block abandoned for 20 years).
The Parliamentary Select Committee on Energy continued its oversight responsibilities with a working visit to the National Petroleum Authority (NPA) yesterday.
Chairman of the Committee, Emmanuel Kwasi Bedzrah, said the visit formed part of efforts to familiarize members with the Authority’s operations and to explore ways Parliament could provide the necessary support.
He explained that the NPA’s work is focused on regulating Ghana’s downstream petroleum sector, a critical area for national energy security.
Mr. Bedzrah noted that the Committee is particularly interested in assessing whether the country has adequate petroleum stock to meet demand.
He noted that rising geopolitical tensions, including the ongoing US–Iran conflict, could have adverse effect on Ghana’s energy supply and pricing.
He further disclosed that the Committee intends to engage closely with the Authority on a proposed new petroleum bill.
According to him, a draft of the legislation will be reviewed and possibly presented to Parliament under a certificate of urgency.
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