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OPEC will send a delegation to the COP28 in Dubai and host a special pavilion there, the group said in a press release, adding that the delegation will be led by secretary-general Haitham al Ghais and include experts from OPEC’s…

Brent crude oil continued to rise on Wednesday, gaining 1.6% as the market focuses squarely on the OPEC+ meeting scheduled for Thursday, with analysts increasingly anticipating additional output restrictions on some level from the cartel.…

Oil prices extended gains early on Wednesday as a storm continues to disrupt crude loadings in the Black Sea and the market awaits news about the next move from OPEC+ set to hold a meeting on Thursday. As of 8:50 a.m. ET on Wednesday,…

Crude oil prices moved lower today, after the Energy Information Administration reported an estimated inventory increase of 1.6 million barrels for the week to November 24. This compared with a sizeable build for the previous week, at…

Portfolio managers continued to be bearish on crude oil prices ahead of the now-delayed OPEC+ meeting, further selling off Brent and WTI futures and options and halving the net bullish bet on oil in two months.  The bearish positioning…

The Bank of Ghana (BoG) has reviewed and is satisfied with the recapitalisation plans of all the 23 banks operating in the country, Governor, Dr Ernest Addison, has indicated. He said all the plans submitted by the banks have been…

The Vehicle and Asset Dealers Union of Ghana (VADUG) and the Chamber of Dealership Ghana (CADEG) has kicked against the government’s proposed legislative instrument to restrict the importation of strategic items including motor cars.…

The Ghana Investment Support Programme (GHISP) has reaffirmed its commitment to connecting underserved Ghanaian small and medium enterprises to much-sought-after capital providers. The GHISP and British International Investment in…

Starting on Friday, December 1, Mobile Money (MoMo) agents across Ghana will enforce a temporary measure restricting cash withdrawals to a maximum of GH¢1,000 per transaction. This decision is outlined in a joint statement issued by four…

The Institute for Energy Security(IES) has predicted petroleum products to remain relatively stable in the first two weeks of December 2023. IES contends that though the prices of finished products of petrol and Liquefied Petroleum Gas…