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The oil markets were slow to react to obviously bullish catalysts such as supply cuts, falling inventories and growing demand when they first kicked in about three months ago. Indeed, it appeared that the bears were about to overrun the…

Money managers have grown increasingly optimistic about a recovery in oil prices and have raced to close out bearish bets on petroleum futures over the past month.   Shrinking supply due to the OPEC+ and Saudi Arabia’s cuts and resilient…

As the OPEC+ panel prepares to meet virtually on Friday, the oil market is more closely watching the next move from Saudi Arabia, OPEC’s top producer and de facto leader. The Joint Ministerial Monitoring Committee (JMMC) of the OPEC+…

The Bulk Oil Storage and Transportation Limited recorded a net profit of ¢160.718 million in 2021 compared with a loss of ¢291.017 million in 2020. According to the 2022 Auditor-General Report, the company recorded a positive total…

The Minority in Parliament say Bank of Ghana acted illegally when it purported to write of some debt owed it by the government. The Central Bank has written off more than 30 billion cedis debt of the government. Government, earlier…

The Minister of Finance, Ken Ofori-Atta, has announced that the government, in partnership with the National Service Scheme (NSS) Secretariat, has secured about 20,000 acres of farmland to drive interest in agriculture among the youths.…

The Ghana National Petroleum Corporation (GNPC) recorded a profit of $10.681 million in 2021. This represents a 106.5% improvement over the 2020 loss of $163.391 million. According to the 2022 Auditor General Report, total income…

The Governor of the Bank of Ghana, Dr. Ernest Addison, says the performance of banks during the first half of 2023 looks promising despite the impact of the Domestic Debt Exchange Programme (DDEP) on the profitability and solvency of banks…

The Finance Minister, Ken Ofori-Atta on Monday, July 31, delivered the 2023 Mid-Year Budget to Parliament. The Minister indicated that in 2022, the country experienced economic hardships but also assured that the economy is on a path of…

The Speaker of Parliament, Alban Bagbin, has taken on the government for failing to scrap the taxes on sanitary pads in the mid-year budget review. He had earlier urged the government to take advantage of the review to scrap the taxes,…