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The secondary bond market activity slowed by 5.35% to GH¢886 million last week, down from GH¢1.21 billion recorded during the preceding week. There were minor clips of trade across all tenors, alongside four repo transactions. The…

Government has debunked reports that it is working to restructure debts owed local contractors. The Finance Ministry in statement issued on Monday, September 9, 2024 said there are no such plans on the table. “No such restructuring…

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 …

President Nana Addo Dankwa Akufo-Addo has entreated political parties to avoid declaring election results before the official count. Speaking at the Ghana Bar Association (GBA) conference in Kumasi on September 9, he warned that…

Just two weeks after lowering its Brent oil price estimate to $80 per barrel for the fourth quarter, Morgan Stanley cut again its forecast, now expecting the international benchmark to average $75 a barrel in the last quarter of the year.…

Oil Marketing Companies (OMCs) project a slight reduction in fuel prices starting September 16, 2024, provided the Ghana cedi performs well against the US dollar. The Chief Executive of the Association of Oil Marketing Companies, Dr.…

The OPEC+ group will begin adding supply to the market in 2025, for the first time since 2022, Jim Burkhard, vice president of research at S&P Global Commodity Insights, said at the Asia Pacific Petroleum Conference (APPEC) on Monday.…

Brent Crude oil prices are set to drop into the $60s per barrel range soon, according to one of the largest independent oil traders, Trafigura. Brent Crude, the international benchmark, was trading at $71.63 a barrel, up by 0.65% on the…

Bearish sentiment has well and truly taken over oil markets, with oil prices barely reacting to the OPEC+ decision to postpone its plan to boost production. Friday, September 6th, 2024 Usually,…

The Ghana Cocoa Board (COCOBOD) says the new cocoa crop season which starts tomorrow, September 10, 2024 will be opened with its proposed self-financing plan. The Finance Minister, Dr. Mohammed Amin Adam has also indicated that the…