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Prices Of Goods Could Skyrocket By 25% This Christmas – Food And Beverages Association

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Prices Of Goods Could Skyrocket By 25% This Christmas – Food And Beverages Association

Prices of goods and services could skyrocket by 25% during this festive season, the Executive Director of the Food and Beverages Association, Samuel Aggrey has revealed.

This is due to the removal of the 50% Benchmark Values on some items by government in the 2022 Budget.

Mr. Aggrey revealed  that the situation is very difficult for both importers and traders to contain as they cannot bear all the cost.

“What they [government] have done; if your import is in already and you’re selling, you already have the impact. But then what it means is that you have to go back and re-cost your products and then accommodate the percentage differentials that will come in so that you don’t make any losses.”

“But this will have a real impact on the consumers”, Mr. Aggrey added.

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He however said the importers and traders will strategise in such a way that the removal of the 50% Benchmark Values does not have significant impact on the consumer.

“We the importers and traders, we have to activate our second strategy as to what we are going to do to ensure that this thing [removal of 50% Benchmark Value] doesn’t have real effect on the consumer.”

Government in the 2022 Budget announced the removal of the 50% Benchmark Values on some items at the ports.

This follows complaints by the Association of Ghana that the policy was collapsing some local industries.

 

 

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45-year-old Lynched For Shooting 5 Persons In Tamale

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45-year-old Lynched For Shooting 5 Persons In Tamale
Musah Yussif, 45, has been lynched for sporadically shooting five persons at ‘Agric’, a suburb of Tamale.

Mr. Yussif is said to have gone to a funeral ceremony to attack one Kambo Naa. In the process, he rather shot bystanders and injured five of them.

Northern Regional Crime Officer, Superintendent Bernard Baba Ananga in an interview  with JoyNews monitored  by GhArticles.com said some of the victims are in critical condition on admission at the Tamale Teaching Hospital. The remaining two have been treated and discharged.

According Superintendent Ananga, the Police received a distress call that someone came to the funeral grounds with a gun and disturbed public peace.

He said a team of officers were dispatched to the scene where they reported that one person was found lying in a pool of blood. Their suspicion was that the person was lynched.

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Superintendent Ananga added that a team of investigators who also visited the scene reported that the deceased was lynched.

According to the crime officer, the Police have invited one Kambo Naa for questioning, while investigations are underway.

He said initial investigations showed that Kambo Naa seems to have had a problem with the deceased, hence his being invited by the Police to assist in investigations.

Superintendent Ananga said details of the investigations would be made public in due course.

 

 

 

 

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Notable Ghanaians Declare Feb. 8 ‘No Calls Day’ To Protest SIM Card Re-Registration

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Notable Ghanaians Declare Feb. 8 ‘No Calls Day’ To Protest SIM Card Re-Registration
A group of notable Ghanaian personalities who have identified themselves as Concerned Mobile Network Subscribers have served notice of boycotting the ongoing SIM card re-registration exercise.

According to them, they are ready to risk losing their SIM cards; hence, have set aside Tuesday, February 8, to embark on a nationwide protest dubbed ‘No Calls Day’.

They added, “any attempt to impose this [SIM card re-registration] on subscribers or block their lines would amount to an infringement on their property rights.”

“On that day, we call on all Ghanaians not to make or receive phone calls as a way of registering our disquiet about the circus surrounding the SIM card re-registration exercise,” they announced in a release dated January 13, 2022.

The group includes a former Kumbungu Member of Parliament, Ras Mubarak; Dean of UG’s School of Law, Prof. Raymond Atuguba; President and Vice President of IMANI-Africa – Franklin Cudjoe and Kofi Bentil; Private Legal Practitioner, Samson Lardi Anyenini, and Investigative Journalist, Manasseh Azure Awuni.

“The ‘No Calls Day’ boycott on 8th February would be the first in a series of national boycotts to protest the current inhumane process of re-registration of SIM cards.”

“There is no law in Ghana that requires Ghanaian mobile network subscribers to “re-register” their SIM cards,” they argued.

Below are their demands:

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  • The National Communication Authority (NCA) should immediately withdraw its directive for mobile network customers to re-register their SIM cards by 31st March 2022.
  • When the appropriate legal framework is in place, a re-registration exercise can be done without having subscribers spend productive hours and several days in long queues in the midst of a ravaging Covid-19 pandemic.
  • There’s understandably a need to eliminate crime. But the fight against criminals must be within the law.
  • We therefore demand that the NCA and Mobile Network Operators (MNOs) must come up with a better and innovative way of re-registering the SIM cards by first amending existing law; and secondly to do so without the current inhumane re-registration process we are witnessing.

They stressed that “if the NCA and the MNOs fail to heed these demands, we shall, starting Tuesday, 8th February, 2022, begin the first of a series of planned boycotts until the rights of customers to be treated with dignity, are respected.”

Other members who signed the release are Kofi Kakraba Pratt, Dr. Kwesi Owusu, James Afedo, Selorm Branttie, Francis Kofi Korankye-Sakyi, Akyaaba Addai-Sebo, Kwame Mfodwo and Michael Ofori-Akuffo.

 

 

 

 

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Fuel Set To Hit GH¢7 Per Litre – IES Predicts

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GOIL Reduces Fuel Prices Further By 15 Pesewas

According to the energy think tank, prices of fuel at local pumps saw a 3 percent increase in petroleum products with prices per litre rising from GH¢6.50 pesewas to GH¢6.70 pesewas in 2021.

The IES in a statement said “on the back of the 7.42% increase in the price of Brent crude, the 9.46% increase in the price of gasoline, the 8.52% increase in gas oil price and the 0.3% depreciation of the local currency against the US dollar; the Institute for Energy Security (IES) informs consumers to remain expectant of a further increase in fuel prices at the pumps, between 30 pesewas to 40 pesewas per litre.

On January 3, 2022, the Chamber of Petroleum Consumers-Ghana (COPEC-Ghana) also predicted an increase in fuel prices in the next few days.

COPEC said the prices of petrol and diesel are expected to go up by 3.7% and 2.5% respectively.

It said ex-pump prices of petrol and diesel are expected to increase by 24 pesewas and 17 pesewas respectively.

In a statement on Monday, January 3, 2022, COPEC said “The average surge for both products in nominal terms is 20 pesewas representing 3.1%. Some Oil Marketing Companies (OMCs) could increase their prices less than the 20 pesewas increase due to competition.”

 

 

 

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