price Archives - Citi 97.3 FM - Relevant Radio. Always https://citifmonline.com/tag/price/ Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz Fri, 10 Nov 2017 11:06:52 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.8 https://citifmonline.com/wp-content/uploads/2019/05/cropped-CITI-973-FM-32x32.jpg price Archives - Citi 97.3 FM - Relevant Radio. Always https://citifmonline.com/tag/price/ 32 32 US health secretary Tom Price quits after plane scandal https://citifmonline.com/2017/09/us-health-secretary-tom-price-quits-after-plane-scandal/ Sat, 30 Sep 2017 09:50:31 +0000 http://citifmonline.com/?p=358054 US Health Secretary Tom Price has resigned over the use of expensive private planes for official business. He previously apologised after making 26 private flights since May at a cost of $400,000 (£300,000) to taxpayers. Government officials, except those dealing with national security matters, are required to take commercial flights for work related travel. Three […]

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US Health Secretary Tom Price has resigned over the use of expensive private planes for official business.

He previously apologised after making 26 private flights since May at a cost of $400,000 (£300,000) to taxpayers.

Government officials, except those dealing with national security matters, are required to take commercial flights for work related travel.

Three other members of President Donald Trump’s cabinet are under scrutiny for using private planes while working.

A White House statement said President Trump had accepted Mr Price’s resignation, adding that Don J Wright had been designated as acting health secretary. Mr Wright is currently deputy assistant secretary for health.

In his letter of resignation, seen by the New York Times, Mr Price said he regretted that “recent events have created a distraction” from the work of the health department.

An investigation by the political news website Politico found that Mr Price’s travels had cost more than $1m (£750,000).

As well as the $400,000 for private flights, that figure includes the cost of military aircraft used for Mr Price’s trips abroad, Politico added.

President Trump had earlier said he was “not happy” with the expense.

Mr Price had promised to repay the cost of his seats on private flights, saying: “The taxpayers won’t pay a dime for my seat on those planes.”

Source: BBC

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Gov’t increases producer price of cocoa by 11% https://citifmonline.com/2016/10/govt-increases-producer-price-of-cocoa-by-11/ Sat, 01 Oct 2016 20:24:16 +0000 http://citifmonline.com/?p=254022 Government has increased the produce price of cocoa by 11.76% A 64kg bag of cocoa, previously sold at Gh¢425, will now be sold at GHc475.00, an 11.76% increase, representing a 77.45% increment of the net of the FoB [Free on Board]. The Deputy Minister of Finance, Ato Casseil Forson made the announcement at the celebration of […]

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Government has increased the produce price of cocoa by 11.76%

A 64kg bag of cocoa, previously sold at Gh¢425, will now be sold at GHc475.00, an 11.76% increase, representing a 77.45% increment of the net of the FoB [Free on Board].

The Deputy Minister of Finance, Ato Casseil Forson made the announcement at the celebration of the International Cocoa Day at Tepa, in the Ahafo Ano North District of the Ashanti region, under the theme, “Transforming the cocoa sector for economic growth- The role of the youth.”

The Minister, who doubles as the Chairman of Producer Price Review Committee, said the new price takes effect from October 1, 2016.

According to Mr. Forson, “last year, the average FoB per tonne of cocoa sold was US$2,900, and this year the average FoB is $2,950 per tonne. The producer price of cocoa has been reviewed from ¢6,800 per tonne to ¢7,600 pee tonne for 2016/2017.”

The Deputy Minister assured the farmers that, “government shall continue the Stabilization Fund with annual contributions from the FoB price as a risk mitigation mechanism against declines in international cocoa prices.”

He said government will “continue with the fund so as to be able to cushion farmers, should the world market price begin to decline as we move into the future.”

Meanwhile, some farmers of Cocoa in the Ashanti Region, present at the celebration, have expressed disappointment in government over the increase, saying it did not meet  their expectation.

They said they had expected an increase from the current ¢425.00 of one 64kg bag to over ¢500.00.

According to them, their expenses still outweigh their gains.

By: Lauretta Timah/citifmonline.com/Ghana

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