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Spending on conventional oil and gas exploration is rebounding and expected to top $50 billion this year, the highest since 2019, but operators are still waiting for the results they had hoped for. Rystad Energy research shows that despite…

After climbing by 13% in July, oil prices were dragged lower on the first day of August by further disappointing economic data out of China.  Chart of the Week - Boosting the effect of Saudi Arabia’s production cuts,…

The 2022 Auditor-General Report has expressed worry about $741 million overdue receivables as of December 2021 that have not been retrieved by the Ghana Gas Company. It is therefore urging management to explore practical alternative…

The Bank of Ghana (BoG) has assured that the ability to perform its regulatory function has not been affected despite its challenging financial position. The assurance comes after the regulator posted almost ₵61 billion loss last year,…

The Association of Ghana Industries (AGI) has bemoaned the excessive tax impositions which are rendering their ventures unattractive. The association also says the removal of incentives on the importation of raw materials is a potential…

Despite the Domestic Debt Exchange Programme completed on February 24, 2023, which reduces interest payments in 2023 by an estimated ¢12.1 billion, or about 9% of expected 2023 revenue, interest payments would still represent 45% of revenue…

Some Oil Marketing Companies (OMC) have started increasing prices of petroleum products at the pumps from today, August 1, 2023. Hitherto the increment, the Chamber of Petroleum Consumers (COPEC) earlier predicted that prices of petrol…

The Chief Executive Officer of the Chamber of Independent Power Producers (IPPs), Elikplim Kwabla Apetorgbor, has revealed that debt owed IPPs will not be restructured as long as the arrears represent the exact cost of their service.…

The Ghana cedi is expected to gain more value this week, following improved foreign exchange (FX) liquidity and declining FX demand pressures. Last week, the cedi recouped some marginal losses across the major trading currencies on the…

The President of the Ghana Union of Traders Association (GUTA), Joseph Obeng, has disclosed that many businesses in the country have been struggling to break even since the last quarter of 2022. According to him,  inflation and the…