Business News of Friday, 10 January 2020Source: www.ghanaweb.comUS, Iran tension: Plan now to save Ghanaian consumers from ‘suffering’ – COPEC urges govtExecutive Secretary of COPEC, Duncan AmoahExecutive Secretary of Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has called on government to with immediate effect draw a strategic plan which will rescue Ghanaians from likely hardships in the spate of the current tension between the United States of America and Iran. “One would expect that the tax levels will be drawn down or dropped so that it can accommodate whatever shocks that you are seeing from the international market,” Duncan Amoah said. Oil prices have climbed above US$70 a barrel for the first time in four months amid fears that the US air strike that killed Iran’s top military commander may trigger a retaliation, theguardian.com reported. The global oil markets have risen by more than 5% to US$70.73 a barrel since the attack that killed Qassem Suleimani in Iraq last week. The attack has however had a shakeup in the global markets causing equity indices in Asia, the US and Europe to slump.

Source: GhanaWeb January 10, 2020 12:56 UTC