Oil Imports To Be Cut By $250m
Ghana will from 2018 save some $250 million annually on crude oil imports to fuel its power plants across the country. This is because the country will by then be able to substitute oil imports with...
Tag: crude oil
Oil Gains As Bullish Bets On Rising Prices Hit Record High
Oil prices rose on Monday as investors showed record confidence in prices rising further, though gains were capped by the prospect of faster growth in U. S. oil production. Brent crude oil LCOc1 rose...
Stocks Ease, Dollar Poised For Weekly Loss As Trump Rally Pauses
Commodity-related sectors led European shares lower for a third straight session on Friday while the dollar was poised for a weekly losses as the "Trumpflation trade" lost momentum. World stocks have...
NPP MP Accuses Mahama Gov’t of Diverting Energy Sector Levies
Obuasi West Member of Parliament is accusing the John Mahama government of diverting monies accrued to the Energy Sector Levy account. According to Kweku Kwarteng a whooping 189 million cedis was...
Was NDC Formed To Govern?
This periodical discusses how and why the successive NDC governments failed to improve upon Ghana’s economic fortunes. There is no denying the fact that governance is a serious business and as such...
Ghana President Says ‘inherited’ Debts From Predecessor
Ghana's President Nana Akufo-Addo said Tuesday that he inherited an economy reeling from huge fiscal deficits, rising inflation and high unemployment despite an IMF programme designed to stimulate...
Government To Re-Direct GETFUND, GNPC Cash To Fund Free SHS
Veteran journalist Kwaku Baako says the NPP government has a clear vision on how it intends to fund its free SHS campaign promised expected to cost GHC 3.6 billion annually. He said even before the...
Oil To End Year At US$57
All things being equal, fuel prices will not travel beyond 15 percent increase in 2017, some industry analysts anticipate. This is largely due to a forecast that the price of oil will end the year at...
‘Strange Black Soot’ Blankets Nigeria’s Oil Hub
The Nigerian city of Port Harcourt used to be known as "The Garden City" because of its soaring palm trees and green open spaces. But since late last year, black soot has been falling from the sky,...
Cedi Ends January With 2.80% Depreciation Rate
The Ghana Cedi ended the first month of 2017 with a depreciation rate of 2.80 percent against the US dollar, according to investment bank, Frontline Capital Advisors. Among six African currencies...
Finance Minister Outlines Plans To Stabilize Cedi
Government will use a number of fiscal policies and practical economic measures to stabilize the cedi, Finance Minister Ken Ofori Atta has assured. According to him, government will increase...
Ghana Yet To Become ‘land of Milk and Honey’ Many Pray For
Former president J. A. Kufour has bemoaned Ghana’s inability to capitalise on its oil find to become a nation that rubs shoulders with other oil producing countries. According to him, “although...
ADI Proposes Major Cocoa Sector Reforms
The Alliance for Development and industrialization, (ADI), an advocacy group and think tank comprising new generation entrepreneurs and business executives, has noted with great concern the decline...
ADI Proposes Major Cocoa Sector Reforms
The Alliance for Development and industrialization, (ADI), an advocacy group and think tank comprising new generation entrepreneurs and business executives, has noted with great concern the decline...
Dollar Caught In Crossfire As Trump Talks Tough On Currencies
The dollar struggled to regain its poise on Wednesday after the Trump administration accused Germany, Japan and China of devaluing their currencies to gain a trade advantage, adding to a risk-off...
The Nana Akufo-Addo-led administration should follow through with the plan for coal power and consolidate the gains made in the power sector, to bring down tariffs for industry, Former Deputy Power...
Ghana’s Export Earnings For 2016 Improves Marginally To $11 Billion
Ghana's earnings from the exports of gold, cocoa and crude oil for 2016 went up marginally, compared to what it got in 2015. It reached $11 billion according to latest data released by the Bank of...
TOR Decelerates Operation After Explosion
play videoThe new furnace was commissioned in 2016 as part of an expansion project carried out by TOR Operational activities which often characterized the working environment at the Tema Oil Refinery...
A Look At Ghana’s 60 Years Of Independence
According to the constitution of Ghana, retirement in public service is 60-years. Meaning if Ghana was a woman as we have been referring to our country as Ama Ghana, she would be retiring on 6th...
Explosion At TOR Threatens Fuel Security
The Institute for Energy Security (IES) have indicated that the country might be plunged into a phase of fuel shortage if urgent measures are not taken to restore the fuel production capacity of the...