Bussiness
Premix fuel scarcity pushes fish prices up
Thumbnail Ho Economics Premix Fish
Mr Seth Kedey, the Deputy Volta Regional Chief fisherman has hinted of a rise in the price of fish this festive season (yuletide) occasioned on scarcity of premix fuel.
According to him, the public would have to pay more for fish due to the unavailability of premix fuel at the various landing beaches along the country’s Coast.
Mr Kedey, who doubles as the National Public Relations Officer for the Ghana National Canoe Fishermen Council (GNCFC) gave the hint in an interview with the Ghana News Agency on the sidelines of this year’s farmer’s day celebrations in Keta in the Ketu Municipality of the Volta region.
“It’s been more than four months without premix fuel, the premix is not there – we are buying from the regular pumps, which is very expensive- you have to buy super and mix it with diesel to get premix to embark on your fishing expedition,” he said.
“We all know what petroleum price hikes come along with- prices of everything shoot up. In recent past you could buy a pan of fish for between GHC 400-500, but now that same pan of fish sells at GHC 1000- whatever price we buy fuel to embark on an expedition, would have to be transferred to the customer.”
Mr Kedey added that the fisher folk are now helpless considering the current state of affairs with most of them now out of business adding that the few canoe owners who are able to afford the expensive fuel, incur huge debts here and there and that’s a source of worry.
He appealed to government to do something about the premix shortage to keep the fisher folk in business to support their livelihoods and of their dependents.
Fishermen in all four fishing regions in the country have in recent times raised concerns about the shortage of premix fuel at the landing beaches, a situation they said was taking a toll on their operations.
They have had to resort to the buying of the fuel meant for vehicles at cut-throat prices to power their outboard motors to embark on fishing expeditions with nothing done by the authorities to resolve the situation, they said. -GNA
Bussiness
Charterhouse announces the Business Elevate Series with launch of ‘The Gastro Feastival’
Charterhouse, Ghana’s leading event management and audiovisual production company, is marking its 25th anniversary of delivering top-tier events with the introduction of an exciting new initiative: The Business Elevate Series.
This innovative series is designed to shine a spotlight on key economic sectors through a series of dynamic B2B and B2C events, including industry conferences, seminars, and exhibitions.
Kicking off the series is The Gastro Feastival, a groundbreaking annual food industry festival that will showcase Ghana’s rich and diverse food ecosystem and agribusinesses from production to consumption.
The launch event will take place on Friday, March 7, 2025, from 4:00 PM to 6:00 PM at the Grand Arena (Accra International Conference Centre).
This landmark event will bring together food industry stakeholders, enthusiasts, experts, and organizations to highlight the food industry’s critical role in Ghana’s socio-economic development and culture.
It will also promote food security, digital innovation, women’s empowerment, youth employment in agribusiness, and sustainable practices.
The Business Elevate Series is a game-changing initiative designed to foster growth and transformation across multiple sectors. With Charterhouse’s deep expertise in organizing impactful meetings, the series aims to unlock investment opportunities, drive innovation, and catalyze social and economic change.
The Gastro Feastival will address six major pillars that drive industry transformation: Investment Opportunities; Job Creation; Innovation, Technology, and Digitization; Youth Involvement (entrepreneurship and career opportunities); Women’s Involvement; Environmental and Social Governance (ESG); Export Opportunities
The event will also establish a Resource Bank, spotlighting key growth opportunities and ensuring the effective allocation of resources to transform Ghana’s food industry.
The Gastro Feastival is a Charterhouse initiative, with Kosmos Innovation Centre as the technical partner.
Bussiness
Ghana’s GDP shows economy is fast recovering despite DDEP – Finance Ministry
Ghana’s Gross Domestic Product (GDP) indicates a rapid economic recovery despite global challenges and ongoing debt restructuring, according to the Ministry of Finance (MoF).
The Ministry in a statement today indicated that latest data from the Ghana Statistical Service (GSS), cumulative economic growth for the second quarter (Q2) of 2024 reached 6.9%, a notable increase from the 4.7% recorded in the first quarter of 2024.
The MoF statement further noted that, “The economy’s robust recovery is in response to the macroeconomic stability and growth interventions that government is pursuing under our IMF-supported Post Covid-19 Programme for Economic Growth (PC-PEG).”
According to them, the overall real GDP growth for the first half of 2024 rebounded strongly, with year-on-year GDP growth averaging 5.8% for the period, significantly higher than the 2.9% recorded in the same period in 2023.
By Edem Mensah-Tsotorme
Read full statement below
