Fuel prices across Ghana have started to fall, bringing much-needed relief to consumers and businesses, according to the Africa Sustainability Energy Centre (ASEC). This trend aligns with forecasts the Centre made earlier, citing improvements in macroeconomic indicators and currency strength. In a statement, ASEC attributed the drop to the recentContinue Reading
Fuel prices in Ghana are expected to decline further by between five and nine per cent in the next pricing window, according to a forecast by the Africa Sustainable Energy Centre (ASEC). The projected drop is largely attributed to the strengthening of the Ghanaian cedi against the US dollar. Ghana’sContinue Reading
The Chief Executive Officer of the Association of Oil Marketing Companies (AOMCs) says Ghanaians may soon enjoy significantly lower fuel prices at the pump if the cedi continues its recent run of stability. Dr Riverson Oppong, speaking on JoyNews, projected that petrol could drop to as low as GH¢12 perContinue Reading
Fuel prices have seen a marginal increase in the first pricing window of January 2025, causing concerns among consumers and stakeholders. State-owned oil marketing company GOIL, adjusted its prices upwards, effective January 2, 2025. Petrol, which was sold at GHȼ14.75 per litre in the second pricing window of December 2024,Continue Reading
President Mahama can start on a very good note by reducing prices of fuel. The price of crude oil globally ended the Year 2024 in the low $70s per barrel. At this price, the government should seize the opportunity to reduce the prices of fuel and reset the economy. TheContinue Reading