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The Ghana cedi has soared to GH¢16 per dollar on the retail market after weeks of relative stability. This is the average rate at which most forex bureaus are selling the dollar. The recent change indicates that the pressure on the…

Oil prices spiked dramatically on Monday morning, with Brent breaking above $81 and WTI rising toward $77.  While hopes of an interest rate cut had already boosted bullish sentiment in markets, it is geopolitics and supply risks that…

A series of intense military exchanges between Iranian-backed terrorist organisation Hezbollah and Israel over the weekend align with the Islamic Republic’s intention to keep pressure on Israel and its key Western allies through multiple…

As OPEC+ gears up for its next meeting, the group finds itself at a crossroads that has the potential to sway global oil markets. With the autumn months approaching, key decisions loom regarding whether to proceed with planned production…

The Managing Director of Bulk Energy Storage and Transportation Company Limited (BEST), formerly BOST, Dr. Edwin Alfred Provencal, has disclosed that the company had projected a profit of approximately GHS 1 billion for the 2023 fiscal…

The LPG Marketers Association (LPGMC) have issued a warning that the mismanagement of the Cylinder Recirculation Model (CRM) by the National Petroleum Authority may put over 10,000 LPG sector jobs at risk. In a press release, the LPGMC,…

As numerous foreign banks either exit or plan to exit various African markets as part of their de-risking strategies, Ghana International Bank (GHIB), has chosen a rather different approach to risk management in its sub-Saharan operations.…

The Economist Intelligence Unit (EIU) predicts that Accra and Kumasi, two of Ghana’s major cities, will become the 15th and 16th largest economies in Africa by 2035. Accra is expected to fall from its current 13th position to 15th by…

The outlook for the Ghanaian economy is favorable in the short to medium term, Deloitte has stated in its West Africa Economic Outlook. However, it said, there are downside risks emanating from the forthcoming general elections in…

Ghana’s inflation is expected to decline to between 15% and 18% by the end of 2024, Deloitte has revealed in its West Africa Economic Outlook. It is expected to decline further in 2025, reaching below 10.0% in 2026 all things being…