Vice President of the Ghana Union of Traders Association (GUTA), Joseph Paddy, has urged young people to shift focus from waiting for government jobs and instead embrace self-employment and opportunities within the private sector.

Speaking at Channel One TV’s Quarterly Economic Outlook on Monday, April 27, he stressed that job creation is not limited to the public sector, noting that the private sector offers multiple opportunities for individuals willing to take initiative.

He encouraged job seekers to develop skills and explore emerging opportunities in areas such as communication, marketing, public relations, and digital services.

“Don’t wait for the government to employ you. Employ yourself,” he stated, adding that many roles in the modern economy are created by private initiative rather than government recruitment.

According to him, the private sector remains the main engine of growth and offers broader opportunities for young people who are willing to be proactive.

“The private sector is the engine of growth. When you are a private sector person, you can do everything.  You can have more than one job,” he said.

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Prices of petroleum products are expected to decline marginally at the pumps from January 1, 2026.

The projection is contained in the latest outlook report by the Chamber of Oil Marketing Companies (COMAC), which guides pricing decisions by oil marketing companies and has been sighted by JoyBusiness.

Projected Reduction

The price of petrol is expected to fall by between 2.40% and 4.80%, bringing the pump price per litre to about GH¢11.90.

Diesel is projected to decline by as much as 3.77%, which could see a litre selling at around GH¢12.50.

Liquefied Petroleum Gas (LPG) is also expected to drop by up to 2.19%, resulting in a kilogram selling at approximately GH¢13.40.

Reasons

According to the Chamber of Oil Marketing Companies, the expected reduction has been influenced mainly by declining prices of crude oil and finished petroleum products on the international market.

Market data show that international refined product prices fell significantly during the period, with petrol down 9.17%, diesel down 8.11%, and LPG down 3.82%.

The cedi has also strengthened against the US dollar, appreciating by more than 3% over the past three weeks.

For the January 1, 2026, pricing window, the local currency rose from GH¢11.14 to GH¢10.50 to the dollar, representing an 8.20% gain.

This marks one of its strongest performances in recent months, and a sharp improvement from the GH¢14.84 recorded during the same period last year.

More than 200 Oil Marketing Companies have told JoyBusiness they will begin reducing prices from this weekend after completing the necessary adjustments at the pumps.

Others say the changes could take effect as early as Monday.

Some marketers have also indicated that further reductions could follow if the cedi continues to appreciate or remains stable against the dollar.

myjoyonline.com

According to Forbes’ billionaires index, Elon Musk’s net worth increased to $749 billion late Friday following the Delaware Supreme Court’s reinstatement of $139 billion worth of Tesla stock options that were nullified last year.

The Delaware Supreme Court reinstated Musk’s $56 billion 2018 bonus plan on Friday, two years after a lower court declared the agreement “unfathomable.”

According to the Supreme Court, a 2024 decision that revoked the compensation package was unjust and unfair to Musk.

Following rumors that his aerospace business SpaceX was about to go public, Musk became the first person in history to have a net worth of more than $600 billion earlier this week.

A $1 trillion compensation plan for Musk was approved separately by Tesla shareholders in November, becoming the highest corporate compensation package in history. Investors supported Musk’s aim to transform the EV manufacturer into a robotics and artificial intelligence powerhouse.

According to Forbes’ list of billionaires, Musk’s wealth now surpasses that of Google co-founder Larry Page, the second richest person in the world, by about $500 billion.