Search: “Oil”

Why is Zelensky accusing European allies of 'blackmail' amid a row over Russian oil and a vital loan?

Volodymyr Zelensky has accused EU allies of blackmail over the Druzhba pipeline, which transports Russian oil to Hungary and Slovakia. Zelensky says reopening it would be like lifting sanctions on Moscow - while Hungary blocks EU sanctions until it reopens.

Will the government offer tax relief as oil prices surge past $100, impacting Ghanaian businesses?

AGI's CEO, Seth Twum-Akwaboah, is urging the government to cut levies and offer fiscal support to businesses due to rising oil prices - now over $100 a barrel. He suggests tax relief or levy adjustments to help businesses cope with increased operational costs.

Attacks on ships and a major threat to global oil supply have investors on edge - what will happen next?

Oil prices surged past $100 a barrel despite the IEA's plan to release a record 400 million barrels of oil. Iran's leader threatened to block the Strait of Hormuz, a key shipping route. Concerns are rising about the impact on the global economy.

Tensions rise as Iran threatens retaliation and the US seeks allied support - what could this mean for Ghana?

Iran is threatening wider action in the Middle East after US airstrikes, as President Trump calls for allied warships in the Strait of Hormuz - a vital oil transit route. Rising global oil prices are a concern. The situation could escalate further.

With tensions rising, will the Strait of Hormuz become a global flashpoint?

Trump wants allies to help secure the Strait of Hormuz amid rising tensions. This comes as Iran threatens retaliation for US airstrikes, escalating conflict in the Middle East. The situation raises concerns about global oil supply disruptions.

Why were the Bahrain and Saudi Arabia Grand Prix races suddenly called off, and what does it mean for F1's future?

Formula 1 has cancelled the Bahrain and Saudi Arabia races scheduled for April due to the ongoing war in Iran. The decision impacts the FIA Formula 2, FIA Formula 3 and F1 Academy rounds. F1 hopes for a swift return to stability in the region.

Why is Hamas, a key ally, now asking Iran to stop attacking Gulf states?

Hamas has made a rare appeal to Iran, urging them to halt attacks on Gulf states. The call comes amidst rising regional tensions, with Iran's strikes killing at least 18 across the UAE, Kuwait, Oman, Saudi Arabia and Bahrain.

Why is the government planning to ban gas cylinder imports, and how will it affect local consumers?

The Energy Minister announced plans to ban gas cylinder imports, aiming to boost local production. The ministry is working with NPA and Ghana Gas to revamp the Ghana Cylinder Manufacturing Company (GCMC), needing $8 million for retooling - $6 million already secured.

Why will transporting key tree crops soon require a new certificate, and how will this affect Ghanaian traders?

The Tree Crops Development Authority (TCDA) will require licensed traders to obtain a conveyance certificate before transporting tree crops, starting March 30, 2026. This affects individuals and companies trading cashew, coconut, oil palm, rubber, mango and shea (C-CORMS).

Can Ghana start the 2026 World Cup strong, or will Panama prove a difficult hurdle?

George Afriyie is confident the Black Stars will defeat Panama in their 2026 World Cup opener. He acknowledges tougher matches against England and Croatia in Group L. Ghana will play friendlies against Austria, Germany, Mexico and Wales as preparation.

Can the Black Stars defy expectations against England at the 2026 World Cup? One GFA official thinks so - if...

George Afriyie believes the Black Stars can upset England at the 2026 World Cup. He stresses thorough preparation is key for Ghana, drawn in Group L with Panama, England, and Croatia. Ghana faces Austria and Germany this month as part of their build-up.

Ghana's stock market is booming, but which companies are driving growth and which are falling behind?

The Ghana Stock Exchange saw its market capitalization hit GH¢292.58 billion after Friday's trading session. ETI jumped GH¢0.

IGP Yohuno's first year saw major changes in the Ghana Police Service, but what challenges still lie ahead?

IGP Yohuno marks his first year with promotions for over 12,802 officers and efforts to combat crime. His leadership saw improved security and even a historic visit from the Asantehene - solidifying police relations. What innovative strategies will he employ next?

Ghanaians should brace themselves as fuel prices are set to surge - but what's driving this sharp increase at the pumps?

Fuel prices in Ghana are projected to increase significantly from March 16, 2026, with petrol rising by 16.93% and diesel by 17.21% - according to COMAC.

With global markets rattled by the Iran-US conflict, how safe are your Ghana real estate investments?

The US and Israel launched strikes on Iran, impacting global markets and oil prices - now over $100/barrel. This could affect Ghanaians planning real estate investments in Accra. The conflict's impact on Ghana's economy is under scrutiny.

Ghanaians may soon feel a pinch at the pumps as fuel prices are set to change - but by how much?

The NPA has increased the price floor for petrol to GH¢11.57 per litre and diesel to GH¢14.35 per litre, effective March 16.