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Government has revised the terms of Domestic Debt Exchange Programme (DDEP) for individual bondholders who wish to participate in the programme. Per the new terms, individual bondholders who are below the age of 59 years will be offered…

Big Oil had a record year in 2022, earning billions from the imbalance between oil and gas demand and supply, and from the massive uncertainty that geopolitical events and decisions in Europe precipitated. The record profits drove higher…

Europe’s benchmark gas prices have rebounded this week as traders closed short positions at the expiry of the front-month contract and some weather forecasts suggested colder weather in northern and central Europe next week than previously…

Oil majors are rounding up the 2022 financial year with outstanding profit numbers, a development that faces strong backlash from the Biden Administration. Chart of the Week China’s Generous Export Quotas Might End Soon…

Profit in the banking industry declined by 18.9% in 2022, driven by the mark-to-market losses on investments, higher impairments on loans, and rising operating costs. This is compared to 12.3% annual growth recorded in 2021 According…

Small businesses are currently experiencing low sales, cashflow problems, employment freezes and sometimes redundancies. Starting a small business is hard work in any environment, but it's even more challenging in a tough economy. This…

The banking industry, which had previously been resolute, is now exhibiting signs of vulnerability – as latest data show that the primary financial segment experienced mixed fortunes in 2022. In its first Summary of Economic Financial…

As part of measures to mitigate the impact of the Domestic Debt Exchange Programme on insurance companies, the National Insurance Commission will place a moratorium on the Minimum Capital Requirements (MCRs) and Capital Adequacy Ratio (CAR)…

The International Monetary Fund is projecting a moderate 3.8% growth rate for Sub-Saharan Africa in 2023 amid prolonged fallout from the COVID-19 pandemic. This is a modest upward revision since October 2022, and higher than the 2.8% it…

Ghanaians are expected to pay more for utility tariffs from tomorrow, Wednesday, February 1, 2023 as the increment announced by the Public Utilities Regulatory Authority (PURC) takes effect. The authority on January 16 increased…