4 d. ago Oil Prices Tumble as Tariffs and OPEC+ Output Rattle Markets

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/oil-prices-tumble-as-tariffs-and-opec-output-rattle-markets/Global crude prices plunged toward weekly lows on August 8, 2025, as U.S. tariff threats and OPEC+ production hikes spooked traders. Brent crude slid to $66.39 a barrel, with West Texas Intermediate at $63.79 both down sharply from the previous day’s close. The drop followed former President Donald Trump’s new 25% tariff on all Indian […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/oil-prices-tumble-as-tariffs-and-opec-output-rattle-markets/

Economics

4 d. ago Local Goods Drive Ghana’s Inflation as Import Reliance Persists

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/local-goods-drive-ghanas-inflation-as-import-reliance-persists/Ghana’s inflation story in July 2025 reveals a surprising twist: only two imported items ranked among the top 20 price surge drivers. Vegetable oil and rice stood alone as foreign contributors in the Ghana Statistical Service report, challenging assumptions about imports’ inflationary dominance. Imported vegetable oil prices soared 52% year-on-year despite a slight recent dip, […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/local-goods-drive-ghanas-inflation-as-import-reliance-persists/

Politics

5 d. ago Ghana’s Oil Palm Farmers Struggle Amid Climate and Price Swings

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-oil-palm-farmers-struggle-amid-climate-and-price-swings/Ghana’s oil palm sector faces mounting sustainability pressures as climate change and extreme weather destabilize farmer incomes while global price volatility threatens industry growth, development organization Solidaridad warns. The group’s 2024 Palm Oil Barometer reveals smallholders increasingly squeezed between erratic harvests and shifting market demands, often locking them out of profitable value chains. Imagine harvesting […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-oil-palm-farmers-struggle-amid-climate-and-price-swings/

Society

8 d. ago 4 out of 6 members of MPC voted for a 300 basis points rate cut

A scan of the document by the Bank of Ghana showed that majority of these members where worried about the potential threat to inflation rate going up due to what they describe as “external pressures from geopolitical tensions, global tariffs wars, alongside domestic pressures from pending quarterly adjustments in utility tariffs, energy sector levy on ex-pump prices and emerging pressures on crude oil prices present upside risks to inflation”.

Politics

4 w. ago Implementation of GH₵1 fuel levy pushes prices of petroleum products up  

The implementation of the one cedi fuel levy which commenced today July 16, 2025 has pushed prices of petroleum products up at some pump stations.   Some Oil marketing Companies told JOYBUSINESS they have no option but to pass on the cost to consumers. The Chief Executive of the Chamber Oil Marketing Companies Dr. Riverson […]

Politics

4 w. ago Fuel prices up: petrol going for GH₵12.88, diesel GH₵14.88 a litre

Some Oil Marketing Companies have started increasing prices of petroleum products at the pumps from today July 16, 2025. Major player, GOIL is selling a litre of petrol for GH₵12.88 from its old price of GH₵12.07. Diesel has gone up from GH₵13.20 to GH₵14.38. Market Leader Star Oil has also increased its prices, selling a […]

Events

4 w. ago Fuel prices up: Petrol going for GH₵12.88, diesel GH₵14.38 a litre

Some oil marketing companies have started increasing the prices of petroleum products at the pumps from today, July 16, 2025. Major player, GOIL is selling a litre of petrol for GH₵12.88 from its old price of GH₵12.07. Diesel has gone up from GH₵13.20 to GH₵14.38. Market Leader Star Oil has also increased its prices, selling […]

Events

last month South African car exports to U.S. plunge as Trump tariffs bite

South African car exports to the United States dropped sharply in the first quarter of 2025, and tumbled more than 80% in April and May after import tariffs imposed by U.S. President Donald Trump hit automakers' sales, industry association Naamsa said.

Politics