Tag: Capital expenditure

Nigeria Unveils $4.9bn Gas Roadmap to Unlock 55 TCF of Untapped Reserves

Hon. Thomas Ampem Nyarkoh, Ghana’s Deputy Minister of Finance, has mounted a strong defence of the 2025 budget, dismissing criticisms from the opposition New Patriotic Party (NPP) as unfounded and ...

The Bank of Ghana’s July 2024 Monetary Policy Report reveals that the country’s total expenditure for the first half of the year reached GH¢101.21 billion, representing 9.6% of the nation’s ...

West Africa-focused Tullow Oil has reported a rise in profit for the first six months of 2024, driven by higher crude prices. The company's performance has been bolstered by favorable ...

Chevron Corporation, a multinational energy corporation headquartered in San Ramon, California, has disclosed it will allocate $14 billion for upstream investments in 2024. The company made this known in a budget ...

British oil giant Shell on Thursday reported $6.2 billion profit for the third quarter, roughly in line with estimates, as the company benefited from higher oil prices and refining margins. Analysts expected ...

Bank of Ghana’s contingent liabilities in respect of pending legal suits against the Bank Group saw a significant decline in the 2021 financial year. According to Bank Ghana’s 2021 Audited ...

Fitch Ratings has assigned Kosmos Energy Ltd. upcoming issue of US$400 million notes an expected senior unsecured rating of ‘B’ and placed it on Rating Watch Positive (RWP). The RWP ...

Capital Expenditure (CAPEX), expenditure associated with investment or development spending with long-term benefits, constitutes only a small fraction of the government’s expenditure mix over the years, despite some minor improvements ...

Government spending on capital expenditure, which has been low over the years, has seen some improvements in the first six months of the year. According to data presented in the ...