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Nigeria is losing $1,000 on every barrel of crude oil it exports, due to a lack of the added value from refining, Nigerian media quoted energy policy expert Henry Adigun as saying at a conference. This loss is no longer sustainable,…

Oil prices continued to fall on Monday morning, with both Brent and WTI dropping to their lowest levels since January. The collapse in oil prices, which started on Friday, was driven by fresh U.S. recession fears due to a weak July…

Ever since Hamas launched multiple coordinated attacks against Israel on 7 October last year, the Middle East has been on the verge of spiraling into an out-of-control regional and perhaps global conflict. Perhaps no time has looked…

Brent crude and U.S. benchmark WTI fell by more than 3% on Friday and then continued to drop on Monday morning amid growing fears of a U.S. recession. The drop in oil prices has now been somewhat tempered by rising tensions in the Middle…

A report released by the African Development Bank (AfDB) has identified and explained three factors that caused the low level of structural transformation in Ghana’s economy. First, it said, jobs in Ghana are concentrated and moving to…

A report released by the African Development Bank (AfDB) has recommended that the government of Ghana to deepen the financial markets to increase access to affordable credit. The report also recommends to the government to strengthen…

For the fourth consecutive week, the government has fallen short of its treasury bills target, missing the mark by GHS 559.19 million as liquidity remains tight on the money market. The latest data from the Bank of Ghana shows that…

The rating agency, Fitch, has affirmed Ghana’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘RD’ and Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) at ‘CCC’. Ordinarily, the UK-based firm does not assign…

The governing New Patriotic Party (NPP) has announced that it will launch its 2024 manifesto on Sunday, August 18, 2024. In a statement released on Monday, August 5, NPP General Secretary Justin Kodua Frimpong announced the formation of…