Tag Archives: Fuel Hikes

Fuel Hikes: Cedi Depreciation Driving Prices High

Oil Marketing Companies (OMCs), are bemoaning the dire impact the Cedi depreciation is having on their operations. The OMCs warned that they may be forced to increase their prices at the pumps  if the rate of depreciation continues. The local currency has depreciated more than 8.5 percent this year, hitting GHS5.54 from GHS4.99, at the beginning of the year in

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