Tullow oil has made significant progress on new drilling with 6 new wells said to be completed in coming months.

Inflation shoots up to 33.9% in August 2022; highest in 21 years Inflation shot up to 33.9% in August 2022, the highest in 21 years, data from the Ghana Statistical Service (GSS) has revealed. This is expected to increase the cost of borrowing by raising interest rates further.

The Securities and Exchange Commission (SEC) and Economic and Organised Crime Office (EOCO) has advised the public to desist from doing any form of business with 17 investment entities.

Interest rates in the short-term Treasury market rose further to 31% on September 10, 2022, as investors continue to show interest in the short-term securities. Though government exceeded its target for the 13th week running, the cost of repaying these loans will go up.

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The 2021 Auditor General’s Report has expressed worry about the general decline in the returns of the Ghana Petroleum Funds’ investments from about $17.5 million in 2020 to about $14.19 million in 2021.

The first tranche of the $1.3 billion COCOBOD Cocoa Syndicated Loan is expected to hit the Bank of Ghana’s (BoG) account by October 2022.

Data from the National Communications Authority (NCA) indicate that about 17 million mobile phone subscribers have so far registered their SIM cards since the registration begun in September 2021.

The Managing Director of the International Monetary Fund, Kristalina Georgiva, has reiterated his outfit’s commitment to reaching agreement with the government by the end of this year for an economic programme.

Some Oil Marketing Companies (OMCs) have started increasing prices of petroleum products at the pumps, beginning today, September 2, 2022. Market leaders, GOIL and Total Energies are selling a litre of petrol at ¢11.55 pesewas and diesel at ¢14.50 respectively.