Steps by govt to improve the economy promising – IMF The International Monetary Fund (IMF) has lauded steps taken by government to recover the country from it’s economic doldrums, describing...
Gunmen have kidnapped two Turkish nationals from their hotel in southern Nigeria's oil-rich Akwa Ibom state, police said Tuesday in the latest unrest to hit the restive Niger Delta. "Two Turkish...
An Economist for Global Markets at Stanbic Bank, Mr. Ayomide Mejab, has advised local businesses on the need to hedge against the volatility of the cedi. Speaking in Accra, he said, the cedi, one of...
First National Bank has said the Ghanaian economy is not likely to expand as much as the government expects, pegging its economic growth projection for the year at 4.5percent, as against...
Nigeria aims to legalize illicit oil refineries in the turbulent Niger Delta region, the vice president's office said Thursday, hoping to bring peace to the production heartland for the crude on...
The price of oil has hit its highest level for a month in response to the US military's missile attack on a Syrian government airbase. The price of Brent crude surged above $56 a barrel before easing...
The infamy of the crimes against humanity carried out by Islamic State is legendary, but the still untold story is how Turkish President Recep Tayyip Erdogan deliberately turned a blind eye to the...
Some Economists have projected that Ghana will end this year with 6 percent economic growth, down from the government’s 6.3 percent target. According to an Economist for Global Markets at Stanbic...
Three foreign petroleum engineers abducted by South Sudanese rebels have been released after negotiations brokered by Sudan and Ethiopia, a Sudanese security agency said on Thursday. Indians Midhun...
The President of the Ghana Bankers Association, Mr Alhassan Andani, has called on the government to put in the right measures to address the depreciation of the local currency the cedis. He explained...
By Kobby Gomez-Mensah Call it withdrawal syndrome or something close to that, but the main opposition National Democratic Congress (NDC) hasn’t fully settled into its new status. It is yet to fully...
Ghana's economy is expected to grow by 6.3 per cent in 2017, compared to 3.8 per cent growth rate realised in 2016, ratings agency Fitch’s subsidiary BMI has affirmed. According to BMI, “while...
OPEC countries are complying with a landmark deal to reduce a worldwide glut in oil, but global supplies nevertheless increased in February, the International Energy Agency said on Wednesday. "The...
Saudi Arabia is committed to stabilising the global oil market, the energy ministry of the world's biggest oil exporter said on Tuesday, as prices fell below $48 a barrel. OPEC and non-OPEC countries...
Hyundai has signed a deal worth three billion euros ($3.2 billion) to invest in a major Iranian oil project, the South Korean firm confirmed on Monday. Hyundai Engineering plans to invest 3.1 billion...
The Managing Director of FirstBanC financial services, Mr. Amenyo Setordzie has observed that although the wide-ranging tax cuts could place the government’s fiscal position under pressure, the...
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...
East Libyan forces carried out air strikes around major oil ports overnight as they sought to regain control of the area from a rival faction, a military spokesman said on Saturday. The eastern-based...
An armed faction entered two major Libyan oil ports on Friday, pushing back forces that captured and reopened the terminals in September, officials and residents said. The move risks increasing the...
GHS16billion will be used for wages and salaries alone in 2017, Finance Minister Ken Ofori-Atta has told parliament as he read the Akufo-Addo government’s first budget. He said GHS5.5billion would...
