Pulse Business Wrap Fuel prices to go up 3%

COPEC puts the increment down to the  appreciation in the price of crude oil on the international market, from $48 a barrel during the last pricing window to $50 a barrel today.

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Fuel prices to go up 3%

Prices of petroleum products are set to go up by 3 percent on June 2, as the two week pricing window opens, this is according to the Chamber of Petroleum Consumers- COPEC.

COPEC puts the increment down to the  appreciation in the price of crude oil on the international market, from $48 a barrel during the last pricing window to $50 a barrel today.

Though there is the tendency of smaller Oil Marketing Companies to increase their products above 3%, Executive Secretary of COPEC, Duncan Amoah believes that prices will averagely not increase beyond 3% by their calculations.

 NPA criticizes gov’t over decision to tax pension benefits. 

A member of the National Pensions Association (NPA) Benjamin Assumang has called a decision by the Finance Ministry to tax 15 percent of pension investments as “unfair.”

According to him, taxing pensions will be unfair because the little they earn keeps corroding as a result of rising inflation.

The Finance Minister  yesterday disclosed at a Stanbic Bank-Daily Graphic Executive Breakfast Meeting pension benefits will be taxed by 15%

 

We go to the currency market

Currency                      Buying                         Selling

Dollar                            3.83                             4.13

Pound Sterling             5.60                              5.90

Euro                             4.26                              4.56

 

On how your stocks performed on the GSE Index today

Total Ghana  were the biggest losers of the day, dropping 8p to close at 4.p… whereas GCB were the biggest gainers of the day, gaining 1p to close at 3.03p

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