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The Ghana Tourism Authority (GTA) has projected that it will generate over $3 billion in revenue from the ‘Beyond the Return’ programs in 2024. In 2020, the government announced that it had generated approximately 1.9 billion cedis from…

The government has told the International Monetary Fund that its immediate priority remains issuing sufficient treasury bills to finance the government deficit. According to the government, its debt management in the near term will focus…

The tax treatment of retirement funds in Ghana is among the most generous in the world, depriving the government of significant revenues, the World Bank has disclosed in its 8th Ghana Economic Update. Internationally, it said the key…

Oil prices moved lower today, after the U.S. Energy Information Administration reported an inventory build, countering API’s weekly estimate for oil stocks. The EIA saw oil inventories add 1.4 million barrels in the week to August 9,…

The world's energy landscape has been shaped by the vast reserves of petroleum hidden beneath its surface. These massive oil fields, often spanning hundreds of square kilometers and holding billions of barrels of oil, have fueled…

Ghana has been ranked 8th for economic stability and investment climate across Africa, according to the 2024 Rand Merchant Bank (RMB) “Where to Invest in Africa” report. The report highlights Ghana's strong performance among 31 African…

A wider war in the Middle East may be looming over oil markets and OPEC is still keeping curbs on supply—but traders are selling. Despite recent gains, the market for crude remains overwhelmingly pessimistic. It would take a supply shock…

Crude oil prices started trade today in Asia with gains following an industry report that saw yet another weekly decline in inventories as well as a smaller-than-expected increase in producer prices that fueled hopes for a rate cut. The…

Legal expert Ferdinand D. Adadzi has emphasised the critical role of state-owned enterprises (SOEs) in Ghana’s national development, while underscoring a need for significant reforms to enhance their performance and accountability.…

Inflation for the month of July 2024 declined to 20.9% from 22.8% recorded in June. This is a decrease of 1.9 percentage points from the previous month's rate. According to the Ghana Statistical Service, food inflation decreased to…