Ghana traders started cutting commodity prices after the cedi gained strength against foreign currencies. The Ghana Union of Traders Association said customers benefit from lower costs for rice and cooking oil. Charles Kusi Appiah Kubi from GUTA told TV3 that 50-kilogram rice bags fell from 950 cedis to 750 cedis. Cooking oil prices went down from 780 cedis to 650 cedis across many markets. Traders planned these reductions carefully to help ordinary consumers save money.
Currency exchange rates affect import costs but other factors shape final prices at shops. Interest rates and fuel costs add expenses for business owners across the country. Tax payments and restocking inventory also influence how much traders charge customers. Bank of...
The Ghana cedi held steady against the US dollar on Tuesday with banks buying at 9.97 cedis and selling at 10.79 cedis. Forex bureaus across the country charge 10.90 cedis when people exchange dollars for local money. Customers converting cedis to dollars pay 11.60 cedis at these same exchange points. Cedirates.com tracks these daily currency movements for Ghanaian traders. Interbank trading shows dollars moving between 10.24 and 10.26 cedis during business hours.
British pounds cost 13.41 cedis at most currency exchange locations around Ghana. People selling cedis for pounds receive 14.50 cedis per pound from these bureaus. European euros trade for 11.31 cedis when customers buy local currency. Converting cedis to euros requires 12.29...
Ghana's government talks with private companies about taking over AirtelTigo phone services. Communications Minister Samuel Nartey George wants to improve the struggling telecom company that operates as AT. Officials gave negotiators 60 days to finish deal talks for better customer services. The state bought AirtelTigo back during 2021 but faced problems competing against other phone companies. Leaders hope new investors will bring money and technical skills to upgrade AT operations.
Cabinet approved extra radio spectrum for MTN and Telecel to build stronger networks across the country. AT and Telecel can access shared resources through the NGIC platform because they lack enough spectrum space. MTN may also use these shared network...
The Chamber of Petroleum Consumers criticized recent fuel price cuts as insufficient for Ghanaian drivers. Executive Secretary Duncan Amoah told Citi Business News that companies should reduce prices more given stronger cedi performance. Wholesale petrol costs around 8 cedis per liter but some stations still charge above 12 cedis. Taxes add 3.27 cedis and company profits take another 40 to 50 pesewas per liter. Math shows petrol should cost around 11.70 cedis at most pumps across the country.
State company Goil sells petrol at 12.52 cedis and diesel at 12.98 cedis during June. Star Oil offers cheaper rates with petrol at 11.77 cedis and diesel at 12.49 cedis per liter. The stronger cedi against foreign currencies helped lower import...
Shell Ghana cut fuel prices after the cedi gained strength against foreign money. The company lowered petrol costs from 13.29 cedis to 12.49 cedis per liter on Tuesday. Diesel prices fell from 13.89 cedis to 12.89 cedis during the same day. Other fuel companies made similar changes to help customers save money. The stronger cedi helped all oil marketers reduce their rates.
Goil and StarOil announced lower prices on Monday before Shell made their changes. Goil reduced petrol from 13.27 cedis to 12.52 cedis starting at 6 am. Their diesel costs went from 13.87 cedis to 12.98 cedis at the same time. StarOil cut petrol from 12.57 cedis to 11.77 cedis beginning at 8 am. Some StarOil stations offer even cheaper rates at 11.57 cedis for petrol...
Bruno Fernandes turned down a massive offer from Saudi club Al-Hilal. The Manchester United midfielder spent several days thinking about the deal that would have more than doubled his current wages. Family discussions helped him decide against moving to the Middle East. Al-Hilal prepared to pay between 80 million and 100 million pounds for the Portuguese star. The Saudi team wanted him ready for this month's Club World Cup tournament.
Manchester United officials felt happy about Fernandes staying at Old Trafford. Coach Ruben Amorim predicted on Friday that his captain would remain with the team. The clubs never spoke directly about any transfer terms or prices. Fernandes may face questions about his decision during Tuesday's press...
Sports Minister Kofi Adams praised the Black Stars after their Unity Cup performance at London's Gtech Community Stadium. Ghana arrived at the four-team tournament following World Cup qualifying wins over Chad and Madagascar during March. The team finished third place after beating Trinidad and Tobago 4-0 despite losing 2-1 to Nigeria earlier. Adams told Sporty FM he felt impressed with player commitment before and after the competition. The tournament helped coaches test new talent on the national squad.
Several young players made strong debuts during the London matches according to the minister. Ghana struggled during the first half against Nigeria but improved significantly after halftime. Adams defended goalkeeper Benjamin Asare...
Former Ghana coach Charles Kwabla Akonnor believes the Black Stars have solid plans for the future. Current coach Otto Addo picked young players for the Unity Cup after senior stars missed the tournament. Thomas Partey and Mohammed Kudus stayed away from the London competition. Five new players made their first appearances for the national team. Joseph Tetteh Anang and Aaron Essel joined three other rookies on the squad.
Akonnor told Graphic Sports he feels impressed with the talented newcomers. The former coach thinks older players will step aside and create chances for replacements. Young athletes showed promise during their debut matches for Ghana. Ghana lost to Nigeria but beat Trinidad and Tobago 4-0 for third place at the...
Medeama SC coach Ibrahim Tanko criticized referee decisions after losing 3-2 to Asante Kotoko on Sunday. The coach avoided direct attacks against match officials but showed clear frustration about how events unfolded. Tanko pointed to a foul before Kotoko received their penalty kick. He accepted the referee choices despite disagreeing with some calls. The coach said officials made their decisions and teams must live with those outcomes.
Tanko praised his players for creating many scoring chances during the match. Medeama threatened early and could have scored two or three goals after their first strike. The team showed attacking spirit throughout the game against their opponents. Players fought hard but could not secure victory at the...
Trending content
-
-
-
Q
-
