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There are increasing concerns that Ghana may become more indebted to China following Beijing's announcement of an additional $50 billion in credits to Africa. As China is already the largest bilateral creditor to Ghana, there are growing…

The pressure on the Ghana cedi eased last week and the currency continued to experience only a slight depreciation. The cedi weakened by 1.21% against the dollar in the retail market, an improvement from the…

The Bank of Ghana’s (BoG) Monetary Policy Committee (MPC) is later this month expected to make only a modest cut to its benchmark Monetary Policy Rate (MPR), despite significant drops in inflation and signals of rate cuts from its…

The ongoing shutdown of Libyan oil exports is proving beneficial to some crude oil grades including Azeri, African and U.S. oil grades, but could prompt some refiners to cut their crude intake altogether due to poor profit margins, Reuters …

The Bank of Ghana's Monetary Policy Report has revealed that total revenue and grants for the second quarter of 2024 amounted to GH¢74.65 billion, which is about 7.1% of GDP. This figure fell short of the target of GH¢76.07 billion, or…

Silver demand continues to surge, driven by technologies like solar power and AI. In 2023 alone, the silver market experienced a 15% supply deficit. Furthermore, the market is expected to reach a cumulative deficit of…

Rising global oil supply and weaker-than-expected demand have made traders increasingly bearish on oil prices.  Hedge funds and other money managers accelerated their selling in the most traded petroleum futures contracts in the latest…

Several commercial banks are reintroducing fees on foreign currency accounts after previously suspending the charges due to regulatory pressure. Clients have been notified of these new charges through text messages and emails. The fees,…

The Africa Sustainable Energy Centre (ASEC), a leading energy think-tank, has issued a stark warning to government about the potential risks of merging Volta River Authority (VRA) and Bui Power Authority’s (BPA) assets. ASEC described…

The US government is taking aim at the engine of Google's immense wealth - its extremely lucrative ad tech business. A trial beginning on Monday will hear the Department of Justice's case that the search engine's parent company Alphabet…