Prez Akufo-Addo Concludes Engagements Ahead Of Address Tonight | Politics

The deal with will come off at 8 pm tonight and be streamed on GraphicOnline.

The President is predicted to handle the present financial scenario within the nation and his engagements over the previous week gave a clue in regards to the points he's more likely to communicate on.

For occasion, the Ghana cedi has misplaced near 50 per cent of its worth towards the greenback for the reason that starting of the 12 months.

Inflation for September 2022 surged to 37.2 per cent year-on-year whereas Producer Price Inflation for a similar month rose to 45.5 per cent.

Additionally, costs of meals objects, sachet water, gasoline and transportation have additionally elevated.

The GPRTU has elevated fares by 19%, in a transfer it says was occasioned by the continual hovering costs of petroleum merchandise. Currently, Diesel and Petrol are promoting for over GH¢15 and GH¢13 respectively at main gasoline stations; a scenario transport operators say is eroding their revenue. Also, VIP JEOUN bus operators introduced new transport fares for the touring public final Monday, October 24.

The National Association of Sachet and Packaged Water Producers (NASPAWAP) really helpful that one iced sachet water (pure water) must be retailed at 60 pesewas efficient Monday, October 31, 2022. It additionally really helpful that one iced bottled water - 500ml be retailed at GH ¢2.50, one iced bottled water - 750ml or medium measurement be retailed at GH¢3.50 and one iced bottle water - 1.5litre be retailed at GH¢5.00. It is the second time in consecutive months that the retail worth of sachet water has been elevated by NASPWAP.

The nation is presently negotiating a $3 billion (£2.6bn) bailout with the International Monetary Fund which it hopes will grant it entry to the worldwide capital markets.