Williams Agyapong 10547 posts 0 comments

The National Petroleum Authority (NPA) has revoked the licenses of several Oil Marketing Companies (OMCs) in Ghana over the past two years due to their failure to meet regulatory requirements, according to Abass Ibrahim Tasunti, Director of…

The International Monetary Fund has revealed that Ghana’s Performance under the IMF-supported programme has been generally satisfactory. According to the Fund, all end-June 2024 quantitative targets were met, and progress on key…

The government has secured significant participation from investors in the Eurobond Debt Exchange Programme. Sources indicate it was launched on September 5 and ended on 30th September 2024. Sources say the government might have…

Côte d’Ivoire and Ghana, the world’s two largest cocoa producers, have reaffirmed their commitment to improving the livelihoods of cocoa farmers and fostering a sustainable cocoa economy through the continued collaboration of the Côte…

The Chamber of Petroleum Consumers (COPEC) warns that Ghana may face significantly higher fuel prices by the end of 2024 if tensions in the Middle East continue to escalate and the cedi depreciates further. This warning follows recent…

The General Agriculture Workers Union (GAWU) predicts that food prices will keep rising in the coming months. Inflation in September 2024 rose to 21.5%, up from 20.4% in August. The Ghana Statistical Service (GSS) has attributed this…

Libya’s oil production is resuming on Thursday, the country’s Oil Minister Khalifa Abdul Sadiq told Bloomberg in an interview today, after more than a month of suspended output due to a political standoff between the eastern and western…

For months, oil traders shrugged off any threat of a supply shock in the Middle East, betting on softening demand from China and the West, along with hopes of increased production from OPEC+. Bearish sentiment dominated the global market…

The oil-producing nations in Africa have raised 45% of the initial $5-billion seed capital for the planned Africa Energy Bank (AEB), which is set to fund oil projects on the continent amid a crunch in financing on the international markets.…

Benchmark crude oil prices surged well over 4% on Thursday on fears of an Israeli strike that could target Iran’s oil and gas infrastructure, with Washington attempting to put the brakes on exploding oil prices with assurances that there…