Browsing: Mining & Energy

Moody’s assesses Ghana’s economic strength at ‘ba2’, balancing the country’s growth potential in the oil and non-oil sectors against its small size and low wealth levels.

The refinery, is to add value to the country’s manganese production while expanding the benefits from the resource to the citizen through job creation and expanding the economy.

On Wednesday, April 17, 2024, the IMC was barred by the company’s security personnel and police officers at the main entrance of Adamus Resources Limited’s operational headquarters in the Ellembelle District.

The coalition has therefore outlined specific conditions that must be met before any land is allocated for the Petroleum Hub or similar projects including: Generational Compensation; and the land will neither be sold nor compulsorily acquired by the government.

Eni now has up to 30th June 2024 to complete the appraisal and make a determination whether to drill or drop the Aprokuma discovery”, the PIAC had reported in its 2023 annual report.

Production dropped from a high of 71.44 million barrels in 2019 to 48.25 million barrels in 2023 representing an annual average decline of 9.2 percent.

The two-day workshop was to discuss the 2023 annual report to help the media be aware with the findings and recommendations on how Ghana’s petroleum revenue receipts are utilised.

the Chamber’s member companies brought $4.2 billion into Ghana through commercial banks and the Bank of Ghana in 2023.

Based on recent data from the International Energy Agency, the global oil market fell into deficit (with demand outstripping production) in the first quarter of 2024. Due to this evolving supply-demand dynamic and rising geopolitical pressures, we revised up our oil price forecasts, with dated Brent Blend to remain above US$80/barrel until late 2025. This will lift inflationary pressures in many countries at a time when their currencies are losing ground against the dollar.

IMF boss and Ghana President Adnan Adams Mohammed The International Monetary Fund has projected a 4.4 percent growth rate for…