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Despite the recent economic challenges, the Bank of Ghana (BoG) has confirmed that the banking sector remains solvent and resilient, providing the necessary support for economic growth as the sector is well-positioned to lend funds to…

The Chief Executive officer of the Ghana Amalgamated Trust (GAT), Eric Otoo, says the government-assisted recapitalisation of banks following the banking sector crisis was done on a commercial arm’s length basis. According to him, the…

Some 57 Ghanaian Small and Medium-sized Enterprises (SMEs) have been trained to increase their capacity to produce quality products and trade under the African Continental Free Trade Area (AfCFTA). The SMEs in the fruits, cassava,…

Ghana’s official creditors are poised to grant financing assurances and form a committee co-chaired by France and China – key steps for the nation to secure a $3 billion International Monetary Fund (IMF) loan, sources told Reuters. The…

Soaring food costs mean prices will remain higher for longer, the Bank of England warned, as it raised interest rates for the 12th time in a row. Interest rates were hiked to 4.5% from 4.25% - the highest in almost 15 years -…

Nigeria is producing 1 million barrels daily less than it can produce, local media reported today, citing the country’s federal government. The government cited a lack of investments, a shortage of funding sources because of the energy…

With the global energy transition in full swing, few clean energy sectors, if any, are expanding faster than the electric car market. A decade ago, a grand total of 130,000 EVs were sold globally; fast forward to the present, and nearly a…

The collapse of Silicon Valley Bank in March triggered massive capital flight from oil to precious metals as panic spread that this could be the early innings of yet another banking and financial crisis. According to commodity analysts…

For the third month running, OPEC has barely changed its forecast of global oil demand, predicting growth of 2.33 million barrels per day, or 2.3% Y/Y growth, good for a very slight increase from its previous forecast of 2.32 million…

China has issued 9 million tons of export quotas for refined products, mostly to state-held giant refiners, cutting the allocations in the second batch this year compared to nearly 19 million tons worth of quotas in the first batch granted…