According to Senyo Hosi parliament only approves taxes and not the price at which oil prices should be paid at the pumps.
You are welcome to the Pulse Business Wrap, and here are the top stories for today,
Parliament does not tell us what to charge at the pumps- Senyo Hosi
CEO of the Chamber of Bulk Oil Distribution Companies, Senyo Hosi has hit back at critics who say Oil Companies are ripping Ghanaians off by increasing fuel prices at a rate higher than the purported 5 % approved by parliament
According to him parliament only approves taxes and not the price at which oil prices should be paid at the pumps.
No proposals sent to parliament — finance committee member
In other news, Member of Parliament for the Finance Committee, Dr. Mark Assibey Yeboah has revealed that Claims by Finance Minister Seth Terkper that proposals have been sent to parliament to reverse the 1% withholding tax on investment is untrue. The Ministry of Finance in press statement on Monday said it has submitted proposals to Parliament to reverse the 1% withholding tax on local investors.
Finally to our market updates for today starting from the currency market,
Currency Buying Selling
Dollar 3.79 3. 90
Pound Sterling 5.56 5.70
Euro 4.07 4.30
To the biggest gainers and losers on the Ghana Stock Exchange,
Aryton Drugs recorded the biggest loss for the second day running dropping 2p in share price, where as Total Ghana Limited and UT bank gained a pesewa each being the biggest earners for today.