ACEP Backs Gov’t Plan To Sell Stakes In VRA
The Africa Centre for Energy Policy (ACEP) is in support of government’s plan to sell a majority of its stake in the Volta River Authority (VRA). Speaking to Citi News, the Executive...
Tag: crude oil
Crude Oil, LPG Top 2016 Maritime Imports
Ghana’s economy still remains a highly import driven one despite calls and the need to diversify the country’s exports and move it to a highly export driven one. Latest figures from the Ghana...
China Binges On African Oil Like Never Before After OPEC Cuts
China is set to import record amounts of crude oil from West Africa this month as OPEC’s supply cuts pave the way for other nations to gain a greater foothold in the fast-growing Asian market. West...
Kuwait Signs New Energy Supply Deal With Egypt
Kuwait said on Wednesday it has signed a new a multi-billion-dollar deal to supply Egypt with crude oil and petroleum products for the next three years. Under the deal, Kuwait will supply Egypt with...
Transport Fare Hikes Disappointing – AFAG
The Alliance for Accountable Governance (AFAG) has said the recent hike in transport fares is not justified, following the recent drop in fuel prices. Arnold Boateng, a spokesperson for AFAG, has...
Salvaging the Sinking Cedi
The economy of Ghana is still developing and the need for export earnings to support national expenditure which is substantially denominated in convertible currency is so overwhelming. The unbridled...
Fuel Prices To Drop By 2 Percent In April
The Institute for Energy Security (IES) has predicted a further drop of fuel prices by about 2% in the 1st pricing window of April. The Institute believes the drop could be attributed to the removal...
Government Will Equip the Navy To Deal With Maritime Security Threat
Vice President Dr. Mahamudu Bawumia on Tuesday gave the assurance that the Government would equip the Ghana Navy and other stakeholders in the maritime industry to protect and preserve the vital...
Warning Over Illicit Libyan Oil Contracts
Ras Lanuf is one of four key oil terminals in the 'oil crescent' Libya’s National Oil Corporation (NOC) has warned international buyers against illicit contracts to purchase the country’s crude...
Government Working On Electricity Tariff
GHANAIANS have been urged to bear with government as it works around the clock to find a lasting solution to the current rate of electricity tariffs. The Ashanti Regional Minister, Simon Osei Mensah,...
President Akufo-Addo Courts Investors, Outlines Programme For Economic Transformation
The President of the Republic, Nana Addo Dankwa Akufo-Addo, has outlined his programme for the social and economic transformation of the country, and is therefore urging investors and CEOs of the...
Hosting Saudi King, China Pursues Mideast Charm Offensive
President Xi Jinping welcomed visiting Saudi King Salman to Beijing on Thursday as China pursues a charm offensive towards the Middle East, where it has previously kept a low profile. The king's...
Stocks Rise As U.S. Jobs Data Points To Rate Hike; Crude Slips
Crude oil resumed a sharp decline and global equity markets rose on Friday after a robust U. S. jobs report drove home the strength of the world's biggest economy and set the stage for the Federal...
Native Americans March On White House Over Dakota Pipeline
Native American groups staged a march to the White House Friday against the construction of a controversial oil pipeline which they fear could lead to the desecration of tribal lands. Chanting "water...
Transport Fares Up By 15 Percent?
Some transport operators in the nation's capital, Accra have increased their fares, a move that has been caused by an increase in fuel prices. Although there has not been an official confirmation of...
Meet Africa’s Richest Women According To Forbes
As part of International Women’s Day celebration, we take a look at Africa’s richest women according to the 2017 Forbes magazine rich list. Africa’s two women billionaires are ‘united’ by...
US Increases Imports of Nigerian Crude By 287%
The United States almost tripled the volume of crude oil bought from Nigeria last year, seven years after it began depending less on the country ‘s crude. This comes as the Shale oil production...
Ghana Bags US$207m From Oil, 29% Dip
Ghana made US$207.79 million (GH?811.68 million) from oil liftings in 2016, Finance Minister Ken Ofori-Atta has said in the Akufo-Addo government’s maiden budget statement delivered to parliament...
Cedi Was Stable For 2016 Period
The Ghana cedi remained relatively stable against the major trading currencies in the currency market, on account of tighter monetary policy and improved foreign exchange inflows for the period of...
2017 ‘Asempa’ Budget
Hon. Speaker, Honourable Members of Parliament, on the authority of President Nana Addo Dankwa Akufo-Addo, I beg to move that this Honourable House approves the Financial Policy of the Government of...