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OPEC raised its crude oil production in February by 120,000 barrels per day (bpd) amid a rebound in Nigerian output which, however, continues to be well below the African country’s OPEC+ quota, a Bloomberg survey showed on Thursday.  …

On Wednesday, February 22, the Parliament of Ghana celebrated 30 years of uninterrupted parliamentary democracy. The Speaker of Parliament, Alban Kingsford Bagbin launched a year-long celebration of 30 years of Ghana’s parliamentary…

On February 10, Russian Deputy Prime Minister Alexander Novak announced that Russia plans to cut its crude oil production by 500,000 barrels per day in March—that is, by approximately 5 percent of its total output at the time of writing.…

The World Trade Organization (WTO) has said that world food prices reached a peak in the spring of 2022 and have subsequently fallen for 10 consecutive months. This fall, WTO said would suggest that “food markets are stabilizing after…

The new leadership of ACI Ghana – Financial Market Association has called on members to uphold the highest ethical standards in their service delivery to rebuild the needed confidence in Ghana’s fixed income market. Speaking after at the…

Former Finance Minister, Seth Terkper, is warning managers of the economy to restore fiscal reforms and improve accounting and fiscal standards in order to manage the next crisis that will hit the economy well. According to him, the…

FirstRand Limited, Africa’s biggest bank by market capitalization, has written off more than half the value of its holdings of Ghanaian bonds as the country grapples with a restructuring of its sovereign debt.  The South African lender…

The Social Security and National Insurance Trust (SSNIT) is advising the public, particularly pensioners to disregard calls by some unscrupulous persons that they could help them claim their benefit from the trust. In a statement, the…

The government is unlikely to issue Eurobonds at attractive yields in the short term even if it secures an International Monetary Fund support programme this month or in the next couple of months. In its February 2023 Africa Monitor…

The Ministry of Finance has said that the government’s meetings with the Chinese delegation from EXIM Bank China are progressing well. In a statement on its website, it said discussions have so far been highly cordial and fruitful.…