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Ghana Grid Company Limited (GRIDCo) registered a reduction in profit before tax by 99.5% to end 2021 with ¢1.296 million. This showed a deterioration in the underlying business of the Company. In 2020, GRIDCo recorded a profit of…

Government has extended the deadline for the domestic dollar bonds to Friday, August 18, 2023. The bonds were originally scheduled to end on August 4, 2023. The government is seeking to exchange approximately $809 million. “In…

Oil supply from the OPEC+ group dipped in July by 1.2 million barrels per day (bpd) to 50.7 million bpd, the lowest level in nearly two years as Saudi Arabia began its unilateral production cut of 1 million bpd, the International Energy…

Crude oil production in Nigeria dropped by 12.56% in July to 1.29 million barrels daily from 1.48 million barrels daily in June, Business Day has reported, citing data from the Nigerian Upstream Petroleum Regulatory Commission. According…

The Minority in Parliament has stated that the response by the Bank of Ghana (BoG) to their presser on the central bank’s 2022 loss is filled with distortions and flimsy justifications. According to them, the BoG’s reply does not address…

Global oil demand will hit new highs and is expected to average 102.2 million barrels per day (bpd) this year, driven by summer air travel, strong Chinese petrochemical activity, and higher oil use in power generation, the International…

Uncertainty has returned to the oil market this week, with the recent oil price rally having stalled due to renewed economic concerns in China and a large inventory build in the U.S.…

The latest earnings season saw several shale oil majors revise their output projections for the year. Surprisingly, they revised these projections upward.  The revisions were attributed to higher well productivity that Bloomberg said in…

The Volta River Authority recorded a profit of ¢110.893 million in 2022, about a 1.7% decline over the previous year, the 2022 Auditor General Report has revealed. In 2021, the Authority registered a profit of ¢112.758 million.…

The government has secured a US$ 200 million World Bank fund to support the tree crops sector and facilitate research and development into new varieties, improve value addition and increase cultivation capacity. The funding support aims…