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First Deputy Governor of the Bank of Ghana (BoG) Dr Maxwell Opoku Afari has explained that the Gold-for-oil initiative has two legs. These are gold purchase programme and then oil legs. Appearing before the Public Accounts Committee …

The Bank of Ghana has assured the Public Accounts Committee of Parliament that it will provide the requisite documents on the ounces of gold used for the first consignment of the gold for the oil deal. In January 2023, the government…

The deputy Energy Minister, Andrew Egyapa Mercer, has confirmed that the initial consignment of 40,000 tons of oil brought into the country under the Gold-for-oil policy was purchased with cash instead of gold. His disclosure comes after…

Nigeria’s Finance Minister said on Thursday she disagreed with what she called a “surprise” downgrade of the country’s credit rating by Moody’s, insisting the government was already addressing the agency’s concerns. Moody’s downgraded…

Republicans have ousted Democrat Ilhan Omar from her committee post in a sign of escalating tensions in the US Congress. They voted to remove Ms Omar from the House Foreign Affairs Committee over her past comments about…

Gold Fields on Thursday said it is disputing tax payments demanded by the Ghana Revenue Authority (GRA) after an audit and is working with the tax authority to resolve the matter. Gold Fields, which has three gold-mining operations in…

Tesla Inc sold 66,051 China-made electric vehicles in January, data published by the China Passenger Car Association showed on Friday. That was up 18% from December, when the U.S. electric car maker sold 55,796 China-made…

Nearly 100 million people in Canada and the US brace for some of the coldest air on earth, as a record-breaking deep freeze hits North America. The frigid blast could bring "once-in-a-generation" wind chills that cause…

After rallying at the start of the week, oil prices have offset their gains and are about to end the week with another loss as U.S. inventory data and rising doubts about the speed of China’s economic recovery shift sentiment. According…

Oil prices are under pressure from a slew of bearish news coming out of the United States this week, but the looming EU embargo on Russian oil products could still change that. Friday, February…