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Springfield Exploration and Production (E&P) has secured the Deepsea Bollsta rig from Northern Ocean Limited (NOL) to lead the appraisal of the Afina-1x well in Ghana's offshore West Cape Three Points Block 2 (WCTP-2). This…

The Ghana Manganese Company (GMC) will from next month commence the construction of a manganese refinery which will focus on upgrading the current low grade carbonate manganese being produced into a high valued product with enhanced…

The presidential candidate of the opposition National Democratic Congress (NDC), John Dramani Mahama says when he is elected as President in December 2024, his administration will conduct a comprehensive audit of all mining concessions…

Ghana is at a heightened risk of cocoa smuggling following Ivory Coast’s recent decision to raise its farmgate price for cocoa, surpassing Ghana's rate. This move by the world's largest cocoa producer aims to discourage the illicit…

Fitch Solutions is forecasting an economic growth in Ghana to rise from 2.9% in 2023 to a three-year high of 5.5% in 2024.  The latest data from the Ghana Statistical Service shows that the economy expanded by a strong 6.9% year-on-year…

The Governor of the Bank (BoG) Dr. Ernest Addison has assured that there is enough dollar reserves to support the cedi as the Christmas festivities approach in December. He stated that all measures have been put in place to maintain the…

Despite the geopolitical risk premium, oil prices are set to remain under pressure, weighed down by slower-than-expected demand and uncertainty about OPEC+’s unwinding of the production cuts, according to the analysts in the monthly Reuters…

Israeli Prime Minister Benjamin Netanyahu addressed the UN General Assembly in New York this morning, stating that Israel has "no choice" but to fight back against Iran-backed Hezbollah. His remarks come as tensions rise between Israeli…

After last week’s deal on the leadership of the Central Bank, Libya is set to resume crude oil production on October 1, Italian news agency Agenzia Nova reported on Monday, citing Libyan parliamentary sources. Crude production at most…

Data from the Bank of Ghana’s latest Summary of Economic and Financial Data reveal a worrying drop in export revenues, with cocoa earnings between January and August 2024 falling to $917 million, the lowest since 2018. This marks a sharp…