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Ghanaian oil Exploration and Production Company, Springfield, will receive a $750 million facility from the African Export-Import Bank (Afreximbank). Afreximbank is a Pan-African multilateral financial institution mandated to finance and…

The Board of Directors of the African Development Bank has approved a $23.04 million loan to Prime Meridian Docks AssetCo Ltd (PMD), a special purpose entity to co-finance the construction of a modern floating dock ship repair facility in…

Ghana earned US$ 3.5 billion from non-traditional exports in 2022, representing a 6 percent increase in the figures recorded in 2021. Cocoa paste and cashew nuts were the leading products, representing US$ 520.3 million and US$ 294.2…

The Senior Staff Union of the Tema Oil Refinery (TOR) has backed the government’s decision to lease the refinery to a Group named Torentco Asset Management. According to the Union, leasing TOR will help revamp and reposition the company…

Five of the six expenditure items of the government fell short of its target in the first quarter of 2023, the Bank of Ghana’s May 2023 Monetary Policy Report has revealed. They were Total Interest Payments, Capital Expenditures, Grants…

Fitch Ratings has disclosed that global growth is showing near-term resilience but core inflation remains stubbornly high. In its June Global Economic Outlook (GEO), it said central banks will have to continue tightening policy in the…

Former Nissan boss Carlos Ghosn has reportedly sued the carmaker for more than $1bn. The filing marks Mr Ghosn's latest effort to clear his name after he was ousted from the firm in 2018 and arrested in Japan on financial…

Ghana’s economy has seen bountiful growth of 4.2% in the first quarter of 2023, compared to 3.1% in the same period in 2022. According to the Ghana Statistical Service (GSS), the data further revealed a positive development in the…

Tesla CEO Elon Musk has said the electric carmaker will be in India "as soon as humanly possible". His comments followed a meeting with Indian Prime Minister Narendra Modi, who is on a state visit to the US. The…

Europe’s benchmark natural gas prices and supply and demand fundamentals have been reflected in the global and Asian prices of LNG in recent weeks, Rystad Energy said in a note on Wednesday. Prices in Europe have increased in the past…