Ghana’s crude oil production has continued its downward trend for a fifth consecutive year, with total output for 2024 dropping to 48.25 million barrels, down from a peak of 71.44 million barrels in 2019. This development, revealed in the 2024 Annual Report of the Public Interest and Accountability Committee (PIAC), highlights concerns over the long-term […]
Consumers are bracing for mixed outcomes at the pumps as global fuel prices decline, but the local currency’s depreciation threatens to offset potential relief. Despite a steady drop in Brent crude prices and refined petroleum product costs on the international market, the Ghanaian Cedi’s 2.18% fall against the U.S. Dollar is keeping fuel prices volatile. […]
