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The Bank of Ghana has pegged the depreciation of the cedi to the American greenback at 22.5 percent as of the September 2023. One will now need GHS 11.07 to exchange a dollar on the interbank market. In the Central Bank’s latest…

This week, Goldman Sachs raised its oil price target to $100 again. The bank cited lower OPEC output combined with higher demand, which taken together, "more than offset significantly higher U.S. supply." The average gas price in the…

A former presidential aspirant of the New Patriotic Party (NPP), Alan Kyerematen, has indicated that the country’s pervasive employment crisis is gradually becoming a national security threat. Mr. Kyerematen said the three-day ‘Occupy…

Earlier this week, Morgan Stanley said in a note that all signals for crude all were "flashing tightness". The investment bank joined a growing number of forecasters expecting Brent crude to top $100 per barrel before the year's end,…

Ninepoint Energy Fund’s Eric Nuttall sees a strong year ahead for oil stocks, which have been lagging behind the surge in oil prices, citing unprecedented draws in oil inventories. Nuttall, who manages Canada’s largest energy mutual…

Egypt launched on Monday an international bidding round for oil and gas exploration in 23 onshore and offshore blocks, the Ministry of Petroleum and Mineral Resources said. Egypt will be offering in this bidding round 10 blocks in the…

The Producer Price Index (PPI) for August 2023 exhibited a notable year-on-year decline to 28.3 percent compared to 32.9 percent in the previous month, data from the Ghana Statistical Service (GSS) have revealed. This figure, while…

The Monetary Policy Committee(MPC) of the Bank of Ghana (BoG) has retained the rate it lends to commercial banks. This means that the lending rate in the country will remain steady. The MPC upheld the rate at 30 per cent after a…

The Ghana Revenue Authority (GRA) has uncovered various VAT infractions at 12 businesses during an enforcement exercise in Accra. The inspection was carried out at Lapaz, Abeka, Kwabenya and Pokuase ACP Junction, all in Accra, and…

Ghana will generate about $6.6 billion dollars annually from lithium when the mining of the mineral begins in 2026. Australian mining company, Atlantic Lithium Limited, is expected to start production in 2026 which will create between…