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Rising sea levels, wild-fires, heat waves and extreme weather events are already wreaking havoc everywhere and could cost the global economy hundreds of billions of dollars in crumbling infrastructure, reduced crop yields, health problems,…

Oil prices extended last week’s losses and traded lower early on Monday, weighed down by lingering concerns about demand amid economic growth worries.  As of 7:08 a.m. EDT on Monday, the U.S. benchmark, WTI Crude, was trading down by…

It was the talk of the town last year. Traders bet on oil hitting $200 by March this year. Hedge fund managers warned it could even reach $250 before 2022 was over.  None of that happened, and in hindsight, it’s easy to see why: global…

Fears of a diesel shortage have receded in recent weeks despite a drawdown in U.S. distillate inventories which have fallen in the past weeks and are around 11% below the five-year average for this time of the year. Diesel markets in the…

Credit Suisse has revealed the scale of the bank run that triggered its state-backed rescue in March. The Swiss banking giant said 61.2bn Swiss francs (£55.2bn; $68.6bn) left the bank in the first three months of the year. It came as…

The Asian African Consortium (AAC), a subsidiary of Jospong Group of Companies has signed a Memorandum of Understanding with the University of Cape Coast (UCC) to undertake research to boost rice, maize and soya production in the country.…

The Ghana Investment Promotion Centre (GIPC) held the 2nd edition of its MDA-Investor Forum, to advance deliberations on improving relationships between state institutions and businesses within the country. The forum successfully brought…

Interest rates continued to rise on the treasury market for the 4th week running, as government pushed for more funds to finance its short-term liabilities. According to the latest auction by the Bank of Ghana, the rates went up across…

The International Development Association (IDA) of the World Bank has made a guarantee payment of $372 million on behalf of the Government of Ghana for the 2030 Eurobond. This is coming after the country defaulted on its coupon payment…

Ghana’s net international reserves will end 2023 at nearly three weeks of import cover (0.8 month), the 2023 International Monetary Fund Regional Economic Outlook Report (Sub-Saharan Africa) has disclosed. Again, the report said Ghana’s…