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Crude oil prices ticked higher today after the U.S. Energy Information Administration reported an inventory decline of 900,000 barrels for the week to December 13. The number compares with an inventory draw of 4.7 million barrels estimated…

Yemen's Houthi rebels have sparked turmoil across the Southern Red Sea and Gulf of Aden for over a year, targeting Western-linked container ships, tankers, and military vessels. The resulting supply chain snarls have had major…

As the festive season approaches, the tourism and hospitality industry is poised to play a pivotal role in driving economic activity. Key players in the sector are ramping up efforts to attract and serve tourists, ensuring a boost to…

Scancom PLC (MTN Ghana) has announced the acquisition of GH₵10.9million ordinary shares by some of its non-executive directors, furthering efforts to increase Ghanaian shareholding in the company.   According to a statement released by…

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…