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The Cocoa Processing Company Limited (CPC) has reported a deepening financial crisis, recording a loss of $13.08 million for the nine-month period ending September 30, 2024.  This represents a 5.6 percent increase from the $12.38 million…

The Ghana cedi has lost about 74% of its value against the dollar over the past 3 years, the Institute of Economic Affairs has disclosed. The local currency depreciated by 30.0% in 2022 and 27.8% in 2023.  It has so far in 2024 lost…

Inflation for October 2024 has risen slightly to 22.1%, up from 21.5% in September, the Ghana Statistical Service(GSS) has revealed. This increase reflects pressure across food and non-food sectors, with food inflation climbing to 22.8%…

The country must build a strong capacity to negotiate contracts to protect local interests while attracting more foreign direct investment (FDIs) into the economy. The Deputy Director in charge of Contract Administration at the…

Beleaguered North African oil producer Libya is set to announce within months its first oil and gas exploration bid round since the civil war began in 2011, Libyan Oil Minister Khalifa Abdul Sadiq told Bloomberg in an interview. OPEC…

The large commodity trading firms Vitol and Trafigura, as well as supermajor BP, are the biggest and dominant buyers of fuels lifted from the Dangote refinery in Nigeria, Africa’s newest and largest crude processing facility, Bloomberg …

While the OPEC+ group is trying to manage oil supply to the market, the world’s largest international oil companies are raising their production, with the U.S. supermajors hitting record highs.   Most companies referred to as Big Oil –…

The Institute for Economic Affairs has described the persistent higher inflation in Ghana to the failure of monetary policy relying on the demand-based Inflation Targeting framework, to deal with underlying supply and cost factors,…

Speaker of Parliament Alban Bagbin has voiced sharp criticisms against the Judiciary and the Executive, condemning their actions as a "sin" against Ghana's Constitution. He blamed President Nana Akufo-Addo and the judiciary for stalling…

IMANI Africa has expressed concerns over the feasibility of the New Patriotic Party’s (NPP) proposed Gold Purchase Programme as a solution for stabilizing the cedi, arguing that it may be insufficient to address Ghana’s currency and…