President John Dramani Mahama has said the ongoing US-Iran conflict must come to an end for Ghana to fully benefit from its improving economic conditions and translate macroeconomic gains into lower costs of doing business.

Finance Minister Dr Cassiel Ato Forson has urged businesses to invest with confidence in Ghana, assuring the private sector that government will sustain the gains made in stabilising the economy.

Ghana and Trinidad and Tobago have signed an Air Services Agreement aimed at strengthening air connectivity between the two countries and creating new opportunities for bilateral cooperation.

There is growing pressure on the government to take further measures to reduce the cost of domestic air travel in Ghana, as passengers continue to face relatively high fares on major local routes.

The Ministry of Finance is expected to write off approximately US$120 million of the Tema Oil Refinery’s (TOR) legacy debt as part of efforts to reduce the financial burden on the state-owned refinery.

The Ghana Union of Traders’ Associations (GUTA) has urged the Ghana Revenue Authority (GRA) to adopt a measured and people-centred approach as it intensifies its nationwide Value Added Tax (VAT) compliance campaign.

The West African Regional Director of CUTS International, Appiah Kusi Adomako, has called for urgent measures to address inefficiencies in Ghana’s logistics system, warning that delays at the country’s ports are imposing significant costs on businesses.

CUTS International has called for a broader assessment of the factors contributing to the relatively high airfares charged by domestic airlines in Ghana.

The Ghana Institute of Freight Forwarders (GIFF) has called on the government to urgently address prolonged delays in the clearance of cargo at Ghana’s airports, warning that the situation could undermine the efficiency and competitiveness of the country’s logistics sector.

BOSTenergies Limited has clarified that the recent reduction in fuel export volumes to Burkina Faso and Mali is not due to an impending fuel shortage in Ghana.

The price of diesel at fuel stations could have reached about GH¢28 per litre if the government had not intervened to absorb part of the increase in international petroleum prices, National Petroleum Authority (NPA) Chief Executive Officer Godwin Edudzi Tameklo has said.