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Prices of petroleum products will from Wednesday, March 16 experience a significant surge as consumers are expected to pay ¢11 per litre. The Bulk Oil Distributors has blamed the situation on the volatility on the market as well as the rising cost of crude on the international market. According to the Chief Executive, Senyo Hosi, the cedi which is depreciating ...

Developing countries should not have to target renewable energy sources and turn away from fossil fuels, Nigerian energy officials said on Tuesday, joining other emerging oil-producing nations reluctant to embrace the global energy transition trend. Some 900 million people in the world, most of them in Africa, still have no access to energy for basic needs, Nigeria’s oil Minister Timipre ...

The World Bank has indicated that Ghana’s economy was struggling before the outbreak of the COVID-19 pandemic. Speaking at a public lecture organized by the One Ghana Movement, the World Bank Country Director, Pierre Laporte, said recent economic woes were expected. The government has largely blamed COVID-19 for the challenges the economy is going through. Mr. Laporte said his outfit ...

Finance Lecturer at the University of Ghana Business School (UGBS) has warned that Ghana’s economy will be severely battered and may have to seek policy credibility from the International Monetary Fund (IMF). According to him, the economy is on the verge of collapse as the country’s debt stock hits high distress levels as well as the Services and Income Account ...

Women and girls, especially in rural communities, continue to face the brunt of the climate crisis that exacerbates pre-existing inequalities, jeopardizes their food security, and feeds instability and migration, warns the United Nations World Food Programme on International Women’s Day. International Women’s Day 2022 focuses on “Gender equality today for a sustainable tomorrow” recognizing the contribution of women and girls ...

Russia’s military attack on Ukraine has “opened a new and dangerous chapter in world history,” UN High Commissioner for Human Rights Michelle Bachelet told an urgent debate on Thursday, leading calls for a ceasefire.  Convened at the request of Ukraine, the Human Rights Council gathered in Geneva to consider a draft resolution on the “situation of human rights in Ukraine stemming from the Russian ...

World leaders have accused Russia of endangering the safety of an entire continent after its forces shelled a nuclear power station in southern Ukraine. A fire broke out at the Zaporizhzhia nuclear plant – the largest in Europe – after it was attacked by Russia. Authorities say the facility is now safe and radiation levels are normal. But UK Prime ...

As part of a comprehensive corporate social policy, Geodrill Ghana Limited, West Africa’s leading exploration drilling company, has donated a combined amount of GH¢450,000 to three Senior High Schools (SHS) across the country to boost educational infrastructure.The schools, which include Achimota SHS in Accra, Tamale SHS in the Northern Region, and Mfantsipim SHS in the Central Region, each received an ...

Representatives from the three African nations on the UN Security Council — Kenya, Ghana, and Gabon — all condemned reports of discrimination against African citizens at the Ukrainian border during a meeting at the UN HQ in New York City Monday. There have been widespread reports from African students fleeing the country that they faced segregation, racism and abuse. “In the unfolding ...

The Director-General of the Internal Audit Agency (IAA), Dr Eric Oduro Osae, has revealed that staff of three state institutions will soon be prosecuted for misappropriating Covid-19 funds. According to him, the Agency is collaborating with the Economic and Organised Crime Office (EOCO) to fast track the processes for the prosecution. Dr Oduro Osae was speaking at the Ghana Anti-Corruption ...