As the COVID-19 pandemic bashes economies and demand for oil, many African nations dependent on exporting fossil fuels are “haemorrhaging” cash, African energy experts warned this week.
The crisis - which comes as more investors shun carbon-heavy businesses - is a taste of what may happen if Africa’s rich oil...
Oil prices rose on Monday, supported by tighter supplies and a string of data expected to show economic recovery across the globe and despite a spike in coronavirus cases in the United States and other countries.
Brent crude LCOc1 was up 73 cents, or 1.7%, to $43.53 per barrel by...
Restrictions of visa issuance are de facto preventing a lot of projects to move forward and to successfully contribute to the recovery of the continent
The continuation of travel restrictions and suspension of visas and travel between Africa and Europe is heavily restraining the oil & gas industry’s recovery efforts....
A software for purchasing and monitoring cocoa electronically is set to help drive the cash-lite agenda for financial inclusion in the country. Popularly called CocoaAsempa, the software has enhanced financial intermediation and inclusion amongst farmers and farmer groups.
There has indeed been some level of success with the mobile...
CBOD advocates full utilization of oil resources now
COVID-19 presents the best opportunity to refine the Ghanaian economy by making it less reliant on imports and boosting the opportunities for local entrepreneurs to sustain future growth, two major advocacy groups have noted.
Senyo Kwasi Hosi, Chief Executive Officer of the Ghana...
As part of efforts to increase cocoa productivity to over one million metric tonnes, the Ghana Cocoa Board (COCOBOD) has commenced a hand-pollination exercise across all production areas for the 2019/2020 season.
COCOBOD has therefore increased recruited and trained youth for the human-induced cross-fertilisation programme from 20,000 in the previous...
Cultivation of poor planting materials and wrong cultural farming practices have been identified as major challenges accounting for low cashew productivity among local farmers.
In recent times, cashew has been identified as a new ‘gold’ for farmers, especially among those in the savannah-transition zone. It has triggered massive cultivation across...
The Oil Palm Development Association of Ghana (OPDAG) has launched a five-year strategic plan to improve its governance, administrative structure and funding status. The strategic plan begins in 2020 and is on the theme ‘Creating a Socially Responsible, Ecologically Sustainable and an Economically Vibrant and Inclusive Oil Palm Industry...
Although crude production in 2019 went up 15 percent from 62,135,435.07 barrels in 2018 to 71,439,585 barrels, revenue accrued to the Petroleum Holding Fund (PHF) however dropped by some 5 percent within the same period.
The revenue went down to US$925million in 2019 from US$977million in 2018 from Royalties, Carried...
In a ceremony that complied with COVID-19 official meeting and social distancing guidelines, COCOBOD, Japan International Cooperation Agency, JICA, and other Development Finance Institutions have announced a US$600million credit facility for COCOBOD’s Productivity Enhancement Programmes (PEPs).
In November 2019, Development Finance Institutions (DFIs) including the African Development Bank (AfDB), Japan...