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The Supreme Court of Ghana has ruled that a Deputy Speaker presiding over proceedings in Parliament has the right to vote on matters and also be counted as part of the quorum for decision making in Parliament.

the Ghana Union of Traders (GUTA) has called on regulators of the forex market to fast-track the proposal of making the Chinese Yuan as the only trading currency when doing business with China. They believe such a move will reduce pressure on the Cedi because imports will not be done with US dollars as most Ghana’s import currently come from China because of their cheaper products and cost. 

Within the past few weeks, prices of fuel at the pumps have consistently rise to hit an all-time high of about GHC8.30 per litre as at last week. Consumers have attributed the spikes to exchange rate escalation and too many taxes. But, NPA believes the discussions with the ministries will focus largely on the possible removal of some taxes on petroleum products.

Assessing ten 10years of oil production in Ghana, the Public Interest and Accountability Committee (PIAC) has called on the government and petroleum agreement (PA) negotiators to do a better job for the citizens. 

With the recent hike in petroleum prices in the country, year on year inflation is expected to rise further in the coming month as it would have a severe impact on both food and non food inflation of the Consumer Price Index, (CPI) basket.

The policemen were shot during a raid at Borteyman near Ashaiman on Tuesday (March 8, 2022).

Five other suspects in the bullion van robberies, four of whom are also policemen have been arrested and interdicted.

As at Tuesday evening, Brent crude was trading at about $137.64 according to Refinitiv. But, addressing a potential ban on Russian oil, Goldman’s commodities team wrote overnight that Europe’s dependence on Russian oil imports, of c. 4.3 mb/d of which 0.8 mb/d comes from pipeline, suggests that such a coordinated response will likely take time, leaving the possibility for only a US ban in short order. 

The former Executive Director at Standard Chartered Bank, Alex Mould has said, currently the country is practising “cash accounting”, that is, “we pay as we go”. This is ok for steady payments but not good for intermittent large payments like EuroBond principal repayments. 

President of the Russian Federation, Vladimir Putin, has sent his congratulations Ghanaians on the occasion of the 65th year of independence celebration. 

Another sign before Covid -19 was that instead deploying policies to support the efforts of the Bank of Ghana to manage the currency, the government usurped the constitutional mandate of the Bank of Ghana to establish exchange rate management committee which could not deliver.