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The OPEC+ group is still studying whether to raise oil production but it would act on supply if necessary, Russian Deputy Prime Minister Alexander Novak said on Tuesday.    The possibility to raise supply is still being reviewed,…

Saudi Arabia and its allies in OPEC? are likely to keep oil production unchanged for a further three months when ministers review output allocations on June 1. The tightening of petroleum supplies and depletion of inventories widely…

It is fairly common nowadays to see relatively near-term estimates for a point at which demand for petroleum-based fuels begins to decline. The term often used to describe this “tipping point” is Peak Oil Demand. When I say “near term,”…

Oil prices remained under pressure on Tuesday morning, but Israel's decision to send troops into Rafah and Saudi Arabia's aggressive pricing of its June cargos should help to stop oil prices from falling.  …

The Bank of Ghana (BoG) says it will continue to closely monitor and regulate financial institutions in the country to ensure the stability and integrity of the banking sector. Maintaining oversight in the banking industry according to…

In a historic show of unity, 19 African Heads of State assembled at a major summit committed to focusing development aspirations across the continent. This ambitious agenda, aiming to dramatically improve lives and create new…

The International Monetary Fund (IMF) has cautioned countries like Ghana, which still have inflation above its central bank’s target range, to continue to maintain a tight monetary policy. The fund indicated that although inflation in…

The unending corporate demand amid a stronger U.S. dollar on the international market weighed heavily on the cedi in the first four months of 2024. Ending last week, the cedi recorded losses as demand surpassed foreign exchange (FX)…

With just about a week to the 3i Africa Summit, the organisers, Bank of Ghana (BoG), Development Bank Ghana (DBG) and the Monetary Authority of Singapore (MAS), through its subsidiary Elevandi, look set to have a very successful Summit, as…

A research by IMANI Ghana in collaboration with the Ghana-Netherlands Business and Culture Council (GNBCC) has revealed an encouraging forecast for investors. The findings of the study titled ‘Reviewing current economic and investment…