The Russia-Ukraine invasion induced unprecedented spike in crude oil and gas prices is troubling many economies. This, coupled with the escalating U.S dollar exchange rate to the local currency (Cedi) threatens petroleum products supply in the country.
As at Tuesday evening, Brent crude was trading at about $137.64 according to Refinitiv. But, addressing a potential ban on Russian oil, Goldman's commodities team wrote overnight that Europe's dependence on Russian oil imports, of c. 4.3 mb/d of which 0.8 mb/d comes from pipeline, suggests that such a coordinated response will likely take time, leaving the possibility for
President of the Russian Federation, Vladimir Putin, has sent his congratulations Ghanaians on the occasion of the 65th year of independence celebration.
It is a fact that over the past 30 years we have been patiently trying to come to an agreement with the leading NATO countries regarding the principles of equal and indivisible security in Europe. In response to our proposals, we invariably faced either cynical deception and lies or attempts at pressure and blackmail, while the North Atlantic alliance continued to expand