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The Bank of Ghana (BoG) has indicated that it will continue to clamp down on illegal lending apps, used to threaten people who default in paying back loans. According to the central bank, it is a crime to threaten loan defaulters with…

The Dangote refinery in Nigeria, Africa’s biggest and newest crude processing facility, is set to soon begin production of gasoline, potentially upending global gasoline flows. For years, Nigeria has been importing the gasoline it…

A possible partial reversal of OPEC production cuts sent crude oil prices sliding early on Monday after Reuters cited six unnamed sources from the cartel as saying members were going to add 180,000 bpd to total production beginning in…

Big Tech's appetite for energy is rising fast thanks to these companies' new artificial intelligence focus. Yet Big Tech's AI push is not the only significant energy guzzler in town: bitcoin was here first. Now, the two are locked in a…

Africa’s continental trade pact offers significant opportunities not only for African economies but also for their foreign trade partners – none more so than the largest, China. While China is perhaps best known in Africa for funding…

Vice President of IMANI Africa, Bright Simons has raised concerns over the Ghana Investment Promotion Center's (GIPC) recent move to seek taxpayer funding after its traditional revenue sources have dried up. In a tweet, Mr Simons pointed…

Several Oil Marketing Companies (OMCs) have begun reducing petroleum product prices at the pumps in the first pricing window of September 2024. Market leader GOIL now offers petrol at GH₵14.16 per litre, a decrease of 6 pesewas, or…

Despite recent dampening sentiments in the currency market, the government remains optimistic about the stability of the Cedi. Last week, the local currency crossed the GH¢16 mark against the US Dollar on the FX retail market, as some…

Leader of the political movement, The New Force, has put forward alternatives to achieving a 24-hour economic policy. Nana Kwame Bediako argued that industrialisation is the only viable path to success. Speaking during the launch of…

Chief Executive Officer-Ghana Investment Promotion Authority (GIPC), Yofi Grant, has raised concerns about the harassment of foreign-owned businesses by tax officers from Ghana Revenue Authority (GRA). He lamented that on a daily basis…