West Africa-focused independent oil and gas explorer Tullow Oil posted an 87% slump in annual profit on Tuesday. This was partly due to lower production, while delayed payments from the Ghana government continued to weigh on its finances. The heavily indebted company had launched a capital overhaul after declining production and overdue payments from the Government of […]
An International Monetary Fund (IMF) staff mission is expected in Accra from April 29, 2026, for Ghana’s sixth and final review under its Extended Credit Facility programme. The mission is expected to stay in the country for about two weeks, with the first official engagements likely to begin on Thursday, April 30, 2026. JOYBUSINESS understands […]
The war in the Middle East has helped to trigger a surge in air fares, with the lowest-priced economy tickets costing 24% more on average than they did a year ago, according to new research. The report, from the consultancy Teneo, says that airspace restrictions caused by the conflict have forced airlines to reroute many […]
The boss of the world’s biggest condom maker, Karex, says the firm will raise its prices by up to 30% or possibly more if the Iran war continues to disrupt supplies of the raw materials used in its products. Karex’s chief executive, Goh Miah Kiat, told media outlets that production costs have risen sharply since […]
Petrol theft has surged by 62% compared with a year ago, according to new figures compiled for the BBC, with one forecourt owner saying drive-offs are costing him £2,000 a week across his five sites. The data from fuel theft recovery company Pay My Fuel comes as petrol and diesel retailers say their staff have […]
MobileMoney Fintech LTD has tightened oversight of its mobile money agent network, introducing stricter compliance checks aimed at safeguarding customers and reinforcing trust in Ghana’s fast-growing digital payments ecosystem. The company, in a media release issued in Accra on April 16, said it had begun routine verification exercises across the MoMo agent platform to ensure […]
Europe has “maybe six weeks of jet fuel left”, the head of the International Energy Agency (IEA) has warned. Stocks would reach a tipping point in June if Europe was unable to replace at least half of its imports from the Middle East, the organisation said in a report this week. The Strait of Hormuz, […]
The Ghana Stock Exchange (GSE) recorded a significant milestone on Tuesday, with market capitalisation surging past the GH¢252 billion mark as investors returned to banking and insurance counters with renewed vigour. Trading data for the 7,190th session, held on April 14, 2026, showed that market capitalisation expanded sharply to GH¢252.05 billion, up from Monday’s GH¢248.26 […]
Energy Minister John Jinapor is expected to announce a temporary suspension of some margins on petroleum pricing today, in what could bring relief to consumers over the next four weeks. This is what JOYBUSINESS has gathered from persons with knowledge of engagements between the Finance Minister, Cassiel Ato Forson, and the Energy Minister to review taxes and margins […]
The CEO of the Chamber of Oil Marketing Companies (COMAC), Dr Riverson Oppong, is demanding full transparency on proceeds from the controversial “dumsor levy,” as government moves to ease fuel prices. Government has announced plans to remove some taxes and margins on fuel to cushion consumers. The decision, communicated by Felix Kwakye Ofosu, follows a […]
The World Bank projects 4.8% growth for Ghana in 2026, alongside an end-of-year inflation rate of 9%. These forecasts were contained in the Bank’s latest Africa Economic Update report released on April 8. Details The 4.8% growth projection is in line with the government’s estimate captured in the 2026 budget. However, compared to 2025, the […]
Oil fell below $100 per barrel on Wednesday after U.S. President Donald Trump said he had agreed to a two-week ceasefire with Iran, subject to the immediate and safe reopening of the Strait of Hormuz. Brent fell $14.84, or 13.6%, to $94.43 a barrel, and WTI slid $16.13, or 14.3%, to $96.82 a barrel as of 0023 GMT. Trump’s turnaround came […]
