Search: “Crude Oil”

Amid rising fuel costs, what assurances did the Energy Committee Vice Chair give to Ghanaians?

Kofi Arko Nokoe, Vice Chair of the Energy Committee, addressed Ghanaians' concerns about rising fuel prices. He hinted at the government's commitment to energy stability - but what considerations are at play?

Tensions in the Strait of Hormuz are at an all-time high, but what does this mean for international shipping and the global economy?

The Strait of Hormuz threat level has been raised to "severe" after Iran attacked tankers using a U.S. Navy route. This escalation has significant

A Finance Committee member says there's room to cut fuel taxes - but is it really that simple?

Dr. Mohammed Amin Adam suggests reducing petroleum taxes won't hurt the 2026 budget, despite rising fuel prices. He claims the government benefits from higher crude oil prices - but what does this mean for the average Ghanaian?

A leading finance expert insists there's room to maneuver on fuel taxes - but how?

Dr. Mohammed Amin Adam says reducing petroleum taxes won't affect the 2026 budget- despite concerns about rising fuel prices. He claims the government has undisclosed revenue gains that could offset potential losses- but what are they?

Why is PIAC so concerned about the future of Ghana's oil production, and what changes are they hoping to see?

PIAC is urging the government and Petroleum Commission to create a plan that will encourage investment in current oil-producing fields. The call comes after Ghana's crude oil production has seen a sixth consecutive annual decline - raising concerns about the country's oil fields.

Ghana's petroleum sector faces mounting pressure after a sharp decline in oil revenue - what could be the consequences?

PIAC is concerned about Ghana's $600 million petroleum revenue drop. The committee attributes the downturn to declining oil production levels - but what does this mean for the country's economy?

Trump says he called off Iran attacks at the request of Gulf states- but what does this mean for global markets?

Tensions in the Middle East continue as the US considers military action against Iran- with Gulf states now involved. Energy markets are volatile, and the potential impact on the global economy looms large- but how will it all unfold?

Ghanaian motorists and businesses are bracing for changes at the pump as new petroleum price floors take effect.

The National Petroleum Authority (NPA) has adjusted the price floor for petroleum products, effective July 16, 2026. This move is expected to impact

Sachet water producers are setting the record straight on new pricing - but is it good news for consumers?

The National Association of Sachet and Packaged Water Producers has addressed the recent price adjustments for sachet water. Kwame Agyapong-Ntra explained the factors influencing the decision to set a maximum retail price- but how will this affect consumers?

After a worrying five-year decline, can the Energy Ministry turn things around for Ghana's petroleum sector?

Ghana's Ministry of Energy is targeting a major recovery for the upstream petroleum sector after five years of decline- with the aim to boost crude oil production. The state has rolled out structural measures designed to strengthen the energy sector- but what does this mean for the future?

IES is calling for action to ease the burden on consumers - but what could it mean for your wallet?

The Institute of Energy Security (IES) has made a request regarding fuel prices. They are concerned about the impact on consumers as global fuel prices continue to rise- but what action are they suggesting?

The Bank of Ghana is navigating a complex economic landscape - but what challenges could these decisions pose?

Bank of Ghana Governor, Johnson Asiamah, addressed the press after the MPC meeting. He cited the Middle East crisis as a key factor influencing the decision to hold the policy rate- raising questions about economic stability. How might global events impact local financial strategies?

Ghana's economy faces new uncertainties as global conditions worsen - but how will the nation respond?

The Bank of Ghana is concerned about economic stability as the Middle East crisis deepens. Rising global energy prices are beginning to fuel inflationary pressures - but what does this mean for recovery efforts?

The Bank of Ghana is planning a major shift in cocoa financing - but what does it mean for the local economy?

The Bank of Ghana (BoG) is planning a new cocoa financing model. It involves raising $1 billion from the local bond market to finance cocoa purchases for the 2026/2027 crop season - part of efforts to strengthen the cocoa financing system. The proposed funding model comes amid efforts to revive the cocoa sector - but what impact will it have?

Renewed tensions in the Middle East and rising global oil prices could significantly impact Ghana's economic stability and inflation outlook.

The Bank of Ghana (BoG) Governor, Dr. Johnson Asiama, has issued a warning regarding the potential for global oil price volatility to heighten

Fuel prices are set to change after an emergency meeting-but what changes are coming and who will benefit?

Ghana's government convened an emergency meeting to address rising fuel costs-prompting swift action. The proposed measures aim to alleviate pressure, but the long-term effects remain to be seen.

The head of Italian energy giant Eni warns of an impending shift in global oil prices, driven by geopolitical tensions and finite resources.

Eni CEO Claudio Descalzi predicts the global oil market will break its current $80-$100 range by early 2027, potentially boosting inflation and

The cedi's performance is raising eyebrows - what's behind the recent fluctuations?

The Bank of Ghana has released new data about the performance of the cedi. The report compares its value to the dollar, pound, and euro - but what factors are at play?