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The world’s oil demand jumped by more than 3 million barrels per day (bpd) in May compared to April, nearing the record demand level seen in March this year, the latest data by the Joint Organizations Data Initiative (JODI) showed on…

If you've ever wondered if media headlines and jawboning really influence oil prices, you can now put the question to rest. A mistake in publishing sent oil prices up sharply on Monday morning—but prices have since bounced back to normal…

Oil prices fell by around 1% in early Asian trade on Monday after major Libyan oilfields resumed production over the weekend following a brief shutdown and after China reported second-quarter economic growth below expectations.   In the…

Ghana center Nathan Mensah has ended his run at this year’s NBA Summer League on a high note while aiding Charlotte Hornets record a 109-92 win over Minnesota Timberwolves. The win was Hornets first in the preseason tournament mainly…

Twitter has lost almost half of its advertising revenue since it was bought by Elon Musk for $44bn (£33.6bn) last October, its owner has revealed. He said the company had not seen the increase in sales that had been expected…

The World Bank has warned Ghana it faces risks of financial challenges and losing its Foreign Direct Investment inflows to other countries if it does not implement a critical action plan to address its current energy challenges.…

Is it enough for the Monetary Policy Committee of the Bank of Ghana to change its policy rate stance now? This question looms as the Committee prepares for its July meetings scheduled from July 19 to July 21, 2023. In the last three…

Fitch Solutions has reaffirmed its position that economic activities in Ghana will get worse before getting better in 2023. This is coming despite the expansion of the economy by 4.2% year-on-year in the first quarter of 2023.…

Some Oil Marketing Companies (OMCs) have increased the prices of petroleum products at the pumps. It took effect from July 17, 2023. Market leader, GOIL, is selling a litre of diesel at ¢12.45, while petrol is going for ¢12.40, from…

The government achieved about 19.5% of its Treasury bills sale target, the latest result from the Bank of Ghana has revealed. However, the cost of borrowing the domestic instrument went up for the 15th consecutive week. The auction…