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Global oil demand surged by 1.3 million barrels per day (bpd) to a new record high in December, with total demand at 102% above the pre-Covid levels in December 2019, data from the Joint Organizations Data Initiative (JODI) showed on…

China is the largest market for electric vehicles in the world. Germany was the second until the US just displaced Europe's largest economy as EV sales accelerated.  BloombergNEF data shows the US is now the world's second-largest EV…

The recent gains by the Ghana cedi has come to a halt as the local currency lost some stability to the US dollar today February 20, 2023. At the forex bureaus today, the cedi was going for ¢12.90 to one American ‘greenback’. The same…

The Bank of Ghana has reiterated that inflation is likely to peak in the first quarter of 2023 and gradually ease thereafter. However, headline inflation is projected to remain above the upper band of 8±2 percent until the second half of…

Fitch Solutions has disclosed that Ghana’s 2023 budget is more expansionary than it had anticipated, keeping public spending elevated. In its latest February 2023 Africa Monitor Report, it said despite the government aiming to implement…

Following the successful completion of the Domestic Debt Exchange Programme last week, government Treasury bills sale was significantly oversubscribed by about 82% to the tune of ¢3.10 billion. However, ¢2.75 billion was accepted. The…

The ESLA Plc and Daakye Trust, the two Special Purpose Vehicles (SPV) established by the government to issue long-term bonds for the energy and educational sectors respectively are yet to file their unaudited financial statements with the…

The Domestic Debt Exchange Programme (DDEP) has exposed the weak risk strategies of banks, civil society organisation Africa Centre for Democracy and Socio-Economic Development (CDS) Africa has said. The debt restructuring exercise, it…

The Minister-designate for Trade and Industry, K.T Hammond has disclosed that industrialization is the bedrock on which Ghana can resurrect itself from the ruins of our current economic crisis. The Adansi-Asokwa MP appearing before…

Telecoms gear maker Ericsson plans to cut about 1,400 jobs in Sweden as part of a broader plan to reduce costs globally, it said on Monday. The company had earlier announced plans to cut costs by 9 billion crowns ($880 million)…