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PURC To Announce Quarterly Tariff Adjustment

The Public Utility Regulatory Commission (PURC) will later his week announce its quarterly tariff adjustment. The review is expected to take effect from January 1, 2023. PURC adjusts tariffs to reflect changes in macroeconomic variables such as inflation and exchange rate. The review to be done by the regulatory authority …

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Government Policy Affecting Our Business – GECA

Ghana Electrical Contractors Association say, government is sidelining them from their usual duties. According to them, government is not giving them direct electrical contracts but always award to the building contractors which is a key challenge in their duties. The President of the Association “Awal Sakib Mohammed” who made this …

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BoG Explains Why The Cedi Is Appreciating

The Director of Research at the Bank of Ghana, Dr. Philip Abradu-Otoo, has reasons for the upturn in the cedi’s fortunes after over ten months of recording drastic depreciation. He attributed the recent respite to a number of measures put in place by the central bank, the government, as well …

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Ghana’s Inflation Hits 50.3%

Continuous increases in prices of housing, electricity and fuel have pushed Ghana’s inflation rate to hit 50.3% for the month of November 2022. November’s inflation rate is a significant increase from the 40.4% recorded for October 2022. This was captured in the Consumer Price Index (CPI) data released by the …

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