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The Minority Leader in Parliament, Dr Cassiel Ato Forson, has stated that the Bank of Ghana(BoG) cannot by itself write off government debt without parliamentary approval. Dr Ato Forson believes that the government has forced the central…

Government is making efforts to finalize the domestic debt restructuring by September 2023, according to sources familiar with the matter Their plan sources say includes concluding the dollar-denominated domestic debt exchange program,…

The Ghana Ports and Harbours Authority (GPHA), says it was compelled to implement the revised tariff due to the current global economic challenges. These include inflation and currency depreciation which GPHA says have increased its…

The British International Investment (BII) has launched the Growth Investment Partners Ghana (GIP) to offer capital support of up to $50 million to 150 Ghanaian Small and Medium Scale Enterprises (SMEs) to address their financing needs and…

The Electricity Company of Ghana (ECG) recorded a loss of ¢1.913 billion in 2021 as against a profit of ¢822.549 million in 2020. This represented a 332.7% deterioration in the company’s financial performance. According to the 2022…

The Ghana Union of Traders Association (GUTA), is opposing the latest increase in port charges by the Ghana Ports and Harbours Authority (GPHA) barely a year after its last increment. According to Joseph Obeng, they will not accept the…

Nigeria plans to hold an international roadshow to attract investments in its upstream sector, the petroleum regulator of OPEC’s biggest African oil producer said in a speech shared with Reuters. The Nigerian Upstream Petroleum…

Earlier this week, media reported that oil production from the members of OPEC had fallen to the lowest since 2021—or 2020, depending on the source—thanks to voluntary production cuts from Saudi Arabia and involuntary declines in Nigeria,…

The oil markets were slow to react to obviously bullish catalysts such as supply cuts, falling inventories and growing demand when they first kicked in about three months ago. Indeed, it appeared that the bears were about to overrun the…

Money managers have grown increasingly optimistic about a recovery in oil prices and have raced to close out bearish bets on petroleum futures over the past month.   Shrinking supply due to the OPEC+ and Saudi Arabia’s cuts and resilient…