President Mahama directs NIB to investigate alleged cash-for-scholarship scheme.
President John Dramani Mahama has ordered the National Investigation Bureau (NIB) to launch an immediate and comprehensive probe into claims
African Stocks
South Africa increases minimum wage by 5% to ease cost-of-living pressures.
South Africa announced on Tuesday that it will increase the national minimum wage by 5% starting 1 March, raising the hourly rate to R30.23 ($1.89) from the previous R28.79 ($1.80).
Eurozone inflation slows to 1.7% in January
Eurozone inflation eased to 1.7% in January, according to preliminary data released Wednesday by Eurostat. Economists surveyed had also anticipated
Nigeria pins Africa’s industrial growth and energy access on gas development
Nigeria is advancing its abundant natural gas resources as a key driver of Africa’s industrial development and energy transition, amid
$120 billion spent annually to hydrocarbon imports in Africa.
Africa’s reliance on imported petroleum products is draining resources needed for local capacity building and industrial growth, Nigeria’s Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, has said, stressing that retaining energy value within the continent could be economically transformative
IEA Opposes Proposed Changes to Mining Royalties
The Institute of Economic Affairs (IEA) has rejected the government’s proposed sliding-scale mineral royalty framework, describing it as a continuation
GUTA Urges Bank of Ghana to Fast-Track Single-Digit Interest Rates
GUTA has urged the Bank of Ghana to fast-track measures to bring commercial lending rates to single digits, following the recent policy rate cut to 15.5 percent. The move, the association says, would lower borrowing costs, expand credit access for traders and SMEs, and support business growth amid improving economic conditions.
Crude Oil Revenues Fall to $198m in Second Half of 2025
Ghana’s crude oil receipts fell to about $198 million in the second half of 2025, reflecting fewer liftings and lower global oil prices, according to data from the Bank of Ghana.
Oil Markets Pause as Traders Weigh Supply Outlook and US-Iran Developments
Russia’s Deputy Prime Minister, Alexander Novak, said on Tuesday that the global oil market is currently well balanced, adding that
UK Pledges $400 Million to Help Ethiopia Expand GERD-Linked Power Grid
Gridworks, a UK government-supported investor, will fund and develop around $400 million in electricity transmission projects in Ethiopia as the