Ghana’s cocoa bean export value has seen a sharp decline, dropping 26.9% in the second quarter of 2024, according to data from the Ghana Statistical Service.
Mining & Energy
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Africa Emerges as a Key Player in Global Energy Security
by Adnan Adamsby Adnan AdamsWith recent geopolitical events highlighting the vulnerabilities of global energy supply chains, Africa is attracting increasing attention as a reliable and promising source of oil and gas. …
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Economy and FinanceMining & EnergyNews
ECG’s non-compliance with revised cash waterfall mechanism raises concerns – PURC
by Adnan Adamsby Adnan AdamsAccording to the PURC, the revised guidelines mandated ECG to make monthly payments to stakeholders based on a model intended to ensure transparency and fairness in revenue distribution.
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Economy and FinanceMining & EnergyNews
ECG’s revenue losses hit ¢9.7bn in 2022.
by Adnan Adamsby Adnan Adams“The growing fiscal burden imposed on the economy by ECG’s poor performance has become a ticking time bomb that can undermine the progress made after the domestic and international debt …
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Cocoa prices to fall, gold to suffer losses – BoG report
by Adnan Adamsby Adnan AdamsGold prices, the report projected, “may suffer losses as we move closer to possible Fed rate cuts in the second half of the year.”
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Economy and FinanceMining & EnergyNews
200 SA students to benefit from AngloGold Ashanti Legacy Scholarship Endowment
by Adnan Adamsby Adnan AdamsThe R87.5 million Wits AngloGold Ashanti Legacy Scholarship Endowment will offer comprehensive funding and support over the duration of their studies to eligible students from disadvantaged and rural families with …
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Economy and FinanceMining & EnergyNews
Half-year trade surplus improved by US$200mn
by Adnan Adamsby Adnan AdamsTotal exports increased by US$1.09 billion (13.4%) to US$9.23 billion, mainly on the back of strong growth in gold and crude oil exports.
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Alpha Energy to begin works on Namibia’s largest offshore diamond mines in October
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed All things being equal, Alpha Energy Resources is set to begin mining operations at its largest diamond mines offshore Namibia in October this year. …
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AfDB to intensify investments in clean cooking across Africa
by Adnan Adamsby Adnan AdamsThe sprawling informal settlement of Mukuru on the outskirts of Nairobi holds powerful tales of how an innovative gas energy company is providing clean cooking solutions and restoring …
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Economy and FinanceLifestyleMining & EnergyNews
Ghana’s gold reserves hits 65 tonnes
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed The Bank of Ghana’s Domestic Gold Purchase Programme has so far amass 65.4 tonnes of gold valued at US$5 billion. This has significantly …