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Gold-for-Oil initiative suspended as BoG reviews policy

The Bank of Ghana (BoG) has suspended the Gold-for-Oil programme due to policy and operational challenges that have resulted in financial losses. The initiative, introduced...

News

Ghana’s palm oil export saw a decline of over 50% in 2024 – OPDAG

Ghana’s oil palm exports have declined by more than 50% in 2024, according to the Oil Palm Development Association of Ghana (OPDAG). The association’s president,...

Headline

OMCs blame gold-for-oil policy for looming fuel shortage

The Chamber of Oil Marketing Companies (OMCs) has sounded the alarm over a possible fuel shortage in the coming days, attributing the looming crisis...

Business

Springfield begins Afina Well appraisal to strengthen oil field unitisation efforts

The CEO of Springfield E&P, an indigenous oil exploration and production company, has revealed that the appraisal of the Afina-1x Well, located in the...

News

Ghana’s oil industry risks collapse over lack of investors – GHEITI

Co-chair of the Ghana Extractive Industry Transparency Initiative (GHEITI), Dr. Steve Manteaw, has warned that Ghana’s oil industry could face a significant downturn if...

Business

Govt on course to develop newly discovered oil fields – Finance minister

Minister of Finance, Dr. Mohammed Amin Adam, has revealed that the government is working around the clock develop recently discovered oil fields...

Business

Investigate Gold for Oil programme – Parliament told

Concerns have been raised by the Ghana Extractive Industry Transparency Initiative (GHEITI), necessitating that Parliament probe the Gold for Oil policy due to its...

Independent Africa

Dangote accuses NNPC personnel, oil traders of providing poor quality products

Africa’s richest man, Aliko Dangote, has accused some staff members of the Nigerian National Petroleum Company (NNPC) Limited and oil traders of operating a...

Business

Oil prices stabilize as OPEC+ supply cuts offset interest rate worries

Global oil prices stabilized on Tuesday, with the potential for OPEC+ to maintain supply cuts at its June 2 meeting and expectations of robust...

Business

Oil prices to stay above $80 per barrel till 2025 – EIU projects

The Economist Intelligence Unit (EIU) expects global oil prices to stay above $80 per barrel until late 2025, according to its recent latest projection. This...

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Jury acquits Diddy of sex trafficking, convicts him of transporting women for prostitution

“Don’t make me and Stonebwoy fight ooo”- Samini warn netizens

Kanye West’s Heil Hitler song bans him from entering Australia