As part of its plans to improve operations and output, Tema Oil Refinery (TOR) is getting ready to boost its production capacity. The refinery is adding an extra processing unit, the F61 unit, to its existing F1 unit and connecting it to the crude distillation system. This will allow it to process more crude oil,…
Kwesi Afreh Biney, the Director-General of the Social Security and National Insurance Trust (SSNIT), said that the pension scheme had total assets and investments of more than GH₵25 billion at the end of 2025. This was up from GH₵20.4 billion in 2024 because some investments did better and the scheme worked to improve accountability and…
President John Dramani Mahama is in Seoul, South Korea, for a five-day working visit. The goal of the visit is to improve relations between Ghana and South Korea and look into ways to work together in trade, investment, and technology. Park Kyongsig, Chung Kwangyong, and Kojo Choi all welcomed him. He will meet with President…
Godwin Edudzi Tameklo, the Chief Executive Officer of the National Petroleum Authority, said that changes in the world can quickly affect the price of oil around the world. He wrote on Facebook on March 10 that crude prices fell from $110 to $93 after Donald Trump said the war in Iran was over. Tameklo said…
Former President John Agyekum Kufuor has spoken out against Ghana’s ministerial vetting system. He says that because the president’s party has the most seats in Parliament, it is easy for presidential nominees to get approved. He said during an interview on the AM Show that parliamentary vetting committees are made up of members from all…
Johnson Asiama, the Governor of the Bank of Ghana, has defended the sale of 18 tonnes of Ghana’s gold, saying that it was part of a normal portfolio rebalancing and not a loss of national assets. On March 9, he spoke to the Ghanaian Parliament’s Committee on Economy and Development. He said that the gold…
As part of a compliance review under the Kimberley Process Certification Scheme, Ghana has made its diamond export system stronger to make sure that conflict diamonds don’t get into the global market. Sammy Gyamfi, the Chief Executive Officer of the Ghana Gold Board, spoke at the start of the review mission in Accra. He said…
John Dumelo, the Deputy Minister for Food and Agriculture, has said that the government plans to build 250 Farm Service Centers across the country over the next four years. These centers will help farmers with important services and increase agricultural productivity. He told Joy News on March 9 that the program is part of a…
The Chamber of Oil Marketing Companies has accused Bulk Distribution Companies of raising fuel prices too soon. They say that the ongoing conflict in the Middle East should not yet affect the price of oil products in Ghana. Riverson Oppong, the Chief Executive Officer of COMAC, said on Citi FM on March 9 that the…
Ghana’s Minister of Foreign Affairs, Samuel Okudzeto Ablakwa, has asked the Commonwealth of Nations to speak out against the recent attack on UN peacekeepers in Lebanon and support the removal of tariffs and trade barriers between member states to improve economic cooperation. At the 26th Commonwealth Foreign Affairs Ministers Meeting in London, he talked about…
