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Cedi Appreciation: Electroland Ghana heed to government’s appeal to reduce prices
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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
Businessman Mr. Ibrahim Mahama has denied reports linking him to a takeover bid for the Volta Aluminium Company (VALCO).
His reaction follows a demonstration by members of the VALCO Labour Union today, during which some protesters alleged that Mr. Mahama was interested in acquiring the state-owned aluminium company.
In a statement issued by his Special Aide, Rafik Mahama, the businessman said he has “no such interest” and has not made any offer to acquire VALCO.
“The allegation is the latest in several vile attempts to impute the integrity of Mr. Ibrahim Mahama and subject him to needless public engagements,” the statement said.
The statement added that Mr. Mahama’s business track record speaks for itself, describing his companies as “some of the best-run operations across the African continent.”
It further noted that all of Mr. Mahama’s business interests were “legally commenced or acquired” and operate within the law a fact it said explains why his businesses have endured across seven election cycles.
“Mr. Mahama remains committed to contributing his quota to the development of Ghana by investing in business opportunities in Ghana and beyond,” the statement added.
The statement also disclosed that Mr. Mahama has instructed his lawyers to take the necessary legal action over the publication and allegations.
By Edem Mensah-Tsotorme
The leadership of Kristo Asafo has dismissed reports circulating on social media and in some media outlets that the late Apostle Kwadwo Safo Kantanka will be buried on July 30, 2026, describing the claim as false.
The current head of the Kantanka family and leader of Kristo Asafo, Kwadwo Safo Akofena Kantanka, addressed the issue during a press conference in Accra today.
He said no burial date has been set and urged members of the church and the general public to disregard any unofficial announcements.
“I urge the members of Kristo Asafo and the nation to disregard any burial date out there,” Akofena said.
He further stressed that neither the leadership of the church nor the Kantanka family has made any such announcement regarding the funeral.
According to him, all official funeral arrangements will be communicated only through a formal statement from the Kantanka family when the time is due.
Akofena Safo Kantanka said the family remains united in ensuring that the final funeral rites are conducted in a manner that befits the legacy of the late Apostle.
He called on Ghanaians to remain calm and wait for the official communication from the family, warning against the spread of misinformation.
Background
Apostle Dr. Ing. Kwadwo Safo Kantanka, founder and spiritual leader of Kristo Asafo Mission of Ghana, passed away recently, plunging the church and the nation into mourning.
The late Apostle was widely known not only as a religious leader but also as an industrialist, inventor, and founder of the Kantanka Group of Companies, which manufactures vehicles and other machinery in Ghana.
Since his passing, there has been heightened public interest in his funeral arrangements.
It would be recalled that a faction of the siblings and family led by former MP Adwoa Safo had earlier announced a proposed burial date and arrangements.
That announcement, however, has been rejected by the current leadership of both the church and the family.
By Edem Mensah-Tsotorme
