Bussiness
Persistent increment in fuel prices a big challenge – Energy Ministry
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The Ministry of Energy has admitted that the current persistent increments in fuel prices are a big challenge for them.
“Mr Speaker indeed it has been a challenge, this is a worldwide phenomenon that is happening,” he said.
Deputy Energy Minister William Owuraku Aidoo speaking on the floor of Parliament on Wednesday said even though the increase has been a change they are working assiduously to address it.
He entreated the public to hope that the steps taken by the government to address the increase in petroleum products “will continue to afford us enough supply of petroleum in this country.”
Fuel prices are set to go up by at least 1 cedi this week prompting commercial transport operators to announce there may be an increase in transport fares again.
Reacting to this, Mr Owuraku Aidoo said the situation could have been worse as some countries do not even have enough fuel.
The Ministry further outlined some measures government has taken to slow the impact on consumers.
According to Mr Aidoo, the government in April 1 st 2022, government reduced margins in the petroleum price build up by 15p per litre.”
He added that “to help stabilize the petroleum products government instituted temporary forex cover for foreign imports through the Bank of Ghana.”
Source: MyJoyOnline.com
Ghanaian dancehall artiste Charles Nii Armah Mensah, known as Shatta Wale, has won two awards at the 43rd International Reggae and World Music Awards (IRAWMA) held in Florida over the weekend.
He picked up the Best African Dancehall Entertainer award as well as Concert of the Year for ShattaFest.
In a statement, Shatta Wale’s management expressed appreciation to the organisers and supporters of the awards.
“Management would like to sincerely appreciate the organisers of the IRAWMA awards for the recognition and continuous support for African music on the global stage.
“We also extend our deepest gratitude to fans across the world, especially the Shatta Movement fraternity, for their unwavering support, votes, and dedication throughout the years,” the statement said.
The statement added that the latest wins reaffirm the artiste’s position as one of Africa’s leading musical exports and a prominent figure in global dancehall culture.
The awards bring Shatta Wale’s total haul at the IRAWMA to 11, highlighting his continued presence on the international reggae and dancehall scene.
At last year’s edition, he won three awards: Best African Dancehall Entertainer, Best Music Video for “Killa Ji Mi”, and Best Crossover Song for “Commando” featuring Bounty Killer. -GNA
Bussiness
Global Market Volatility: Gov’t absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol
Effective Thursday, April 16, 2026, which is the next pricing window, the Government will absorb GH¢2.00 per litre on diesel and GH¢ 0.36 per litre on petrol.
This intervention is intended to cushion customers and ease the cost burden on households, transport operators, and businesses.
The measure, approved by Cabinet, is in response to rising prices of petroleum products on the international market, which have significantly impacted ex-pump prices in Ghana.
This temporary intervention will remain in force for a period of one (1) month.
During this period government will continue to closely monitor developments in the global oil market and assess the need for further policy adjustments.
A statement signed by Minister of Government Communications, Felix Ofosu Kwakye noted that they remain commited to maintaining price stability, protecting livelihoods, and supporting Ghana’s economic recovery in the face of external shocks.
