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Experts say there is an urgent need to focus on the production of locally made products to reduce imports and create wealth locally.  To this end, trade experts believe there is an urgent need for enhanced dialogue between policymakers…

Ghana attracted Foreign Direct Investment (FDI) worth US$316 million during the first three quarters of 2024, reaffirming the country’s growing appeal as a prime investment destination in the sub-region. This was disclosed in the Ghana…

Industrialisation continues to receive an insignificant allocation from the Annual Budget Funding Amount (ABFA) – the amount of oil revenue that supports the government’s budget, despite being classified as a priority area for oil revenue…

African banks will remain exposed to domestic and global operating environment risks in 2025, Fitch Ratings has disclosed. It pointed out in its African Banks Outlook 2025 report that while most countries are showing a good degree of…

The Board of the Chamber of Oil Marketing Companies has elected the Executive Director of Trinity Oil Company Mr. Gabriel Kumi as board chair of the chamber, and CEO of Star Oil  Philip Teiku as Vice Chair . They take over from Mr…

Ghana’s 2023 external position was moderately stronger than the level implied by fundamentals and desirable policies. Against the backdrop of fiscal consolidation, the International Monetary Fund said strong gold exports, deferred…

Ghana has officially requested modifications to the conditionality of its IMF-supported Extended Credit Facility (ECF) programme, as outlined in the recent third review staff report for the Post-COVID-19 Programme for Economic Growth…

Rising non-OPEC+ production and only modest growth in global oil demand will leave the market well-supplied next year, analysts say, as they remain cautiously bearish on crude oil prices amid a myriad of uncertainties in 2025. At the end…

The Ghana Chamber of Telecommunications (GCT) and the Electronic Money Issuers (EMIs) Chamber have reported 10,233 fibre-optic cable cuts across the country between January and November 2024. The incidents cost the telecommunications…

The OPEC+ group is wary that coming deregulation in the U.S. energy sector could boost U.S. oil production higher than forecast under incoming President Donald Trump, OPEC+ delegates have told Reuters. More U.S. oil supply could further…