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Oil prices are set to rise to $86 per barrel at year-end, from $80 now, as record-high oil demand and lowered supply will lead to a large market deficit. “We expect pretty sizable deficits in the second half with deficits of almost 2…

After adding 1.5% last week, Brent crude started this week with a dip and so did WTI, which last week gained 2%. The dip comes ahead of central bank updates due in the United States and Europe, as traders calculate the chances for more…

The Managing Director of the Bulk Oil Storage and Transportation (BOST) Company, Edwin Alfred Provencal has stated that the government’s Gold for Oil programme has helped reduce prices of petroleum products at the pumps. He added that…

The Liquefied Petroleum Gas (LPG) Marketers Association is demanding ample time to adjust to the implementation of the Cylinder Re-circulation Module (CRM) scheduled to take off in September 2023. The Association is demanding a…

The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, is concerned about the tendency on the part of individuals to keep large volumes of foreign currencies in their homes. Commenting on the alleged report that the immediate past…

Data from the Bank of Ghana indicate that the total Mobile Money(M0Mo) transactions for the first half of 2023 increased by 78% to ¢859 billion. Compared to the same period in 2022, total MoMo transactions raked in ¢479 billion, the…

The banking sector’s profitability improved in the first half of 2023, as banks profit-after-tax stood at ¢4.3 billion, up from ¢2.8 billion. This represents a 51.4% increase. According to the Bank of Ghana, the strong profitability…

Chocolate-making raw material cocoa's prices rose to the highest in more than 12 years in New York on Tuesday , only a few weeks after its prices jumped to the highest in 46 years in London, as traders and chocolate producers face…

Saudi Arabian side Al Hilal have made a world record £259m bid for Paris St-Germain forward Kylian Mbappe, reports the Press Association. The 24-year-old France captain, who has a year left on his contract, has refused to sign an…

The Monetary Policy Committee(MPC) of the Bank of Ghana has increased its policy rate by 50 basis points to 30%. This is a 0.5% increment from the previous 29.5% held in May 2023. This increment is targeted at stemming the rising…