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Africa’s oil production is set for a gradual decline in 2024, the African Energy Chamber said in a new report on the industry this weekend. The chamber forecasts “relative calm” in the global oil market for the remainder of 2023, NJ…

This week, both OPEC and the International Energy Agency (IEA) revised their oil demand forecasts higher, citing record Chinese consumption and resilient economies.   Oil market participants, however, focused on rising U.S. crude oil…

Earlier this week, the Financial Times reported Denmark was considering the start of inspections and potential blocks of Russian oil tankers carrying crude across its waters in the EU’s latest attempt to enforce a price cap on oil exports…

Crude oil prices began the week with gains amid mounting expectations that OPEC+ will deepen voluntary production cuts. Both Brent crude and West Texas Intermediate posted modest gains in mid-morning trade in Asia today, with Brent crude…

Ghana will record an average inflation of about 18.0% by the end of 2024, The Economist Intelligence Unit (EIU) has projected. This will be a significant fall from the average of about 38% in 2023. According to the UK-based firm,…

Ecobank and the African Guarantee Fund (AGF), a specialised pan-African guarantee provider, have joined forces in a groundbreaking $200 million risk-sharing agreement, aimed at catalysing economic growth and supporting entrepreneurial…

The US Ambassador to Ghana, Virginia Palmer, wants the government to do more to improve the business environment in Ghana. Speaking at the American Chamber of Commerce Ghana (AmCham) Thanksgiving Dinner and Awards Night over the weekend,…

The Minister of Finance, Ken Ofori-Atta, has implored Members of Parliament(MPs) to constructively engage and support the measures outlined in the 2024 budget. According to the minister, the house was once again being called upon to…

Government’s decision to revive state-owned lender National Investment Bank (NIB), as outlined in the 2024 budget, has received backing from banking consultant Dr. Richmond Atuahene. While commending the initiative, Dr. Atuahene…

Interest rates fell for the second week running reflecting the ease in inflation. Inflation went down to 35.20% in the month of October 2023, signaling that the days of rising interest rates were over. According to auction results of…