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The ongoing shutdown of Libyan oil exports is proving beneficial to some crude oil grades including Azeri, African and U.S. oil grades, but could prompt some refiners to cut their crude intake altogether due to poor profit margins, Reuters …

The Bank of Ghana's Monetary Policy Report has revealed that total revenue and grants for the second quarter of 2024 amounted to GH¢74.65 billion, which is about 7.1% of GDP. This figure fell short of the target of GH¢76.07 billion, or…

Silver demand continues to surge, driven by technologies like solar power and AI. In 2023 alone, the silver market experienced a 15% supply deficit. Furthermore, the market is expected to reach a cumulative deficit of…

Rising global oil supply and weaker-than-expected demand have made traders increasingly bearish on oil prices.  Hedge funds and other money managers accelerated their selling in the most traded petroleum futures contracts in the latest…

Several commercial banks are reintroducing fees on foreign currency accounts after previously suspending the charges due to regulatory pressure. Clients have been notified of these new charges through text messages and emails. The fees,…

The Africa Sustainable Energy Centre (ASEC), a leading energy think-tank, has issued a stark warning to government about the potential risks of merging Volta River Authority (VRA) and Bui Power Authority’s (BPA) assets. ASEC described…

The US government is taking aim at the engine of Google's immense wealth - its extremely lucrative ad tech business. A trial beginning on Monday will hear the Department of Justice's case that the search engine's parent company Alphabet…

The Ghana Integrated Aluminum Development Corporation (GIADEC) has expressed confidence of an increase in the production capacity of bauxite if the new mining lease before parliament is approved. This comes after Parliament in July this…

The Chief Executive Officer of the Association of Oil Marketing Companies (OMCs), Dr. Riverson Oppong has called for the establishment of an effective local refinery to support the oil and gas sector. Dr. Oppong stressed the need for the…

Standard Chartered Bank Ghana PLC unveiled the winners of the Cohort 4 Standard Chartered Women in Tech Incubator programme, awarding a total of GH₵936,000 in grants to six (6) exceptional women-led businesses at a graduation ceremony in…