‘Prices will only fall if gains are sustained’ – GUTA boss defends market response

The president of the Ghana Union of Traders’ Associations (GUTA) says the reason prices of goods remain high despite the cedi’s recent gains is that the traders don’t trust that the gains will last. Dr. Joseph Obeng, speaking on JoyNews’ PM Express on Monday, May 12, said traders have been cautious because of what they’ve experienced in […]

Nigerian tribunal upholds $220m fine against Meta for violating consumer, data laws

A $220 million fine against Meta Platforms by Nigeria’s competition watchdog for violating local consumer, data protection and privacy laws has been upheld following an unsuccessful appeal, Nigeria’s Competition and Consumer Protection Tribunal said on Friday. Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) fined Meta last July for discriminatory and exploitative practices against Nigerian consumers, compared […]