The country’s total output for last year has shown a marginal improved growth over that of 2018, as figures from the Ghana Statistical Service (GSS) indicate the economy grew by 6.5 percent - largely driven, once again, by oil. This is a 0.2 percentage point higher than the 2018 growth,...
The issue of inequality at the workplace have been discussed extensively by many authors. But one sector in which women’s participation is below that of the broader economy, is the energy sector. Despite making up 48 percent of the global labour force, women only account for 22 percent of...
Tullow Oil plc (Tullow) has appointed Rahul Dhir as Chief Executive Officer and an Executive Director of the Group. His appointment will take effect July 1, 2020, the company said in a statement. The statement added that Dorothy Thompson, currently Executive Chair of Tullow, will return to her position as...
What happens when you give industries that are frequently ostracized for their role in environmental degradation an 'open license to pollute?' They take it with open arms. "This is an open license to pollute. Plain and simple. The administration should be giving its all toward making our country healthier right now. Instead,...
In this question and answer session, Alex Mould, a former Chief Executive Officer of the Ghana National Petroleum Corporation and the Ghana National Petroleum Authority, explains the impact of the novel Coronavirus on Ghana's economy, why consumers will enjoy cheaper fuel and how the country could make the most...
OPEC has been at the center of one of the biggest stories of 2020 aside from COVID-19 Scan Western news about OPEC from the last few years, and a common observation tends to appear: OPEC had a huge influence on the global oil market back in the day. Now, in...
Rather than cutting back on imports, China pushed crude oil into storage tanks at almost double the rate in the first quarter of this year than it did in the same period in 2019 as the new coronavirus hit domestic consumption. China doesn't release official data on flows into strategic...
Cargill Ghana Limited, a subsidiary of Cargill Cocoa & Chocolate, has provided food items to over 1,000 families in different communities in Tema and its environs where the company operates. The gesture was in fulfilment of the company’s pledge to support the vulnerable and less privileged to cope with...
The Ghana Integrity Initiative (GII) has appealed to the President, Nana Addo Dankwa Akufo-Addo, to commence immediate probe into the recent bribery allegations involving the former Chief Executive Officer of the Tema Oil Refinery (TOR) boss, Asante Berko. According to the GII, the incident following which the former TOR boss...
US oil prices turned negative for the first time on record on Monday as North America’s oil producers run out of space to store an unprecedented oversupply of crude left by the coronavirus crisis. The price of US crude oil collapsed by more than 105% to -$2 per barrel in...