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Cost of fuel could hit GHC5.50 by end of year – Former GNPC CEO

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The continues depreciation of the local currency coupled with increasing crude oil prices on the international market could see fuel prices increase to 5 Cedis 50 pesewas per litre at the pumps by the end of the year, a former Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), Alex Mould has warned.

The price of petroleum products until June 11, 2018, have increased by about 7 percent following the cumulative increase in fuel prices between May and the first half of June, leading to a recent increase in transport fares by 10 percent.

Presently, a litre of petrol and diesel are going for 4 cedis 85 pesewas.

But speaking to Citi Business News on the sidelines of the Ghana International Petroleum Conference (GhIPCON) , Mr. Mould cautioned that Ghana’s economy could become fragile if nothing is done to check the cedi’s depreciation.

“With respect to the petroleum price, the issues are that the cedi has depreciated by between 10 to 15 percent and petroleum prices have seen an increase since 2016. So the increase is expected,” he said.

He warned that if government decides to pass on the cost to the public, it will greatly affect the economic wellbeing of Ghanaians.

“The consumer should brace him or herself for more increases. If oil goes to 90 dollars per barrel, and the cedi depreciates to 5 cedis per dollar at the end of the year, we will be seeing a price of 5 cedis 50 pesewas per litre and that is very expensive.”

He observed that prudent measures must be put in place to avert a further depreciation of the cedi.

He stated that increase in the price of fuel will affect everything in the country since will push inflation up.

 

Source: citibusinessnews.com

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SHOWBIZ KONKONSAH

Former Ghanaian dance champion Alex Ofori passes on

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The late Alex Ofori was a former Ghanaian National Dance Champion

•The late Alex Ofori was a choreographer and a fashion model

• He became much popular after winning the Ghana National Dance competition in 1988

• The late dancer has been eulogized by popular Ghanaian media personality, Mr. Kwasi Kyei Darkwa

Former Ghanaian National Dance Champion, Alex Ofori, has reportedly passed on.

The late Alex Ofori who shot to fame after winning the Ghana National Dance competition in 1988, has worked with the likes of Slim Buster, who won the championship in 1987, Ebenezer Ako Nai who also won in 1987, Terry Ofosu Bright, aka Sir Robot who won in 1989 and Reggie Rockstone among others.

Announcing his demise on Facebook on June 16, 2021, veteran broadcaster Kwesi Kyei Darkwa (KKD) stated that the dance champion brought so much excitement and joy to Ghanaians whenever he got on a stage or dance floor.

He also eulogized him paving the way for new dance talents the country currently possesses.

“Rest in peace ALEX OFORI, Former National Dance Champion- Great Embassy Double Do, Dancer-Choreographer & Fashion Model. You brought so much excitement & joy to our motherland wherever you got on a stage or dance floor. With the likes of World Dance Champion Adjetey Sowah, unique breakdancer Reginald Osei aka Reggie Rockstone, Show dancers Firekiller, Como Basto, Carlos Alberto, Tee Pee & many enthusiastic young talents of the 80s & 90s, you helped turn what was your passion into a mainstay of live shows & television entertainment. Today, those talents you shared with the world just for fun, your labor of love has become a popular profession.”

“You & your colleagues paved the way for the talent we enjoy in dance choreography at national events & in numerous music videos. Life: How unpredictable you are. & how fragile we are,” he wrote on Facebook.

It can be recalled that the late Alex Ofori once represented Ghana at the World Dance Championship series at the London Hippodrome.

Read the post below:

Source: www.ghanaweb.com

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SHOWBIZ KONKONSAH

VIDEO: Kennedy Agyapong celebrates 61st birthday in Dubai with his 16 daughters

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Assin Central MP, Kennedy Ohene Agyapong celebrating his birthday with wife and children

• The Assin Central MP was swamped by his beautiful daughters at his 61st birthday party in Dubai

• Kennedy Agyapong turned 61 on June 16, 2021

• The lawmaker received and unwrapped some expensive gifts from his children

Assin Central MP, Kennedy Ohene Agyapong, joined his daughters in Dubai to celebrate his 61st birthday on June 16, 2021.

In a video making rounds on social media, the outspoken lawmaker was captured in a plush restaurant, swamped by his beautiful daughters and wife.

With the exception of Arnell, who is alleged to have been ‘disowned’ by Mr. Agyapong, the rest of his 16 beautiful daughters were seen seated at a dinner table with their father having a nice time.

Beaming with smiles, Mr. Agyapong one-by-one unwrapped the gifts presented to him by his children.

The all-white birthday party was climaxed with a kiss from his wife.

Watch the video below:

Source: www.ghanaweb.com

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GENERAL NEWS

One shot as sand winners clash with Okyeman taskforce at Adeiso

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Sand winners and Taskforce clash in Adeiso

One person has been shot in a clash between the Okyeman Environmental Protection task force and sand winners at Adeiso in the West Akyem Municipality in the Eastern region.

The task force stormed the Tank Akuraa community near Adeiso, arrested and handcuffed one Osae Kwame, a sand winner and threw him into a Nissan Pick Up but were pursued by the youth who rescued him.

Later the taskforce members attacked Summertide sand winning Company site at Obeng Yaw village, also near Adeiso, amidst the firing of guns and arrested five workers and shot one other.

Armed police responded to the distress calls about the incidents but the Taskforce failed to stop when signalled by Police.

They were given a hot chase but to no avail.

Information spread through the Communities leading to the youth mounting roadblocks and attacked the task force.

Sensing danger Okyeman Mponuahene, Barima Twum Tabriade and Okyeman Akwansrahene went to the Adeiso police station to seek refuge in a Jeep Patriot SUV with registration number GS9835-19 which had three tyres deflated.

The angry youth and sand winners massed up at the Police station seeking the release of the two chiefs for instant justice.

Due to the tension, Adeiso District Police command called on the Divisional Command for reinforcement to contain the situation.

A search in the Jeep SUV which belongs to Akwansrahene, Baffour Sarpong, contained one AK 47 assault rifle with 3 magazines and 7 Pump-action cartilages.

The five (5 ) suspects including the two chiefs were whisked to Asamankese Divisional Headquarters by the reinforcement team where they were granted Police enquiry bail.

The Public Relations Officer of the Eastern Regional Police Command, DSP Ebenezer Tetteh confirmed the incident.

He said the Regional Police Command has dispatched a team to the troubled area to help resolve the matter to restore calm.

Okyeman Environmental Protection Taskforce was formed over a decade ago to fight against illegal mining, illegal sand winning and illegal chainsawing.

Source: starrfm.com.gh

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