Tag: Oil revenue

Russia may revise its $60 per barrel oil price baseline for budget planning as oil revenues fall short

In a major policy shift aimed at improving economic conditions and alleviating financial burdens on Ghanaians, President John Dramani Mahama has led the government in rolling out a series of ...

The newly constituted 11-member board, announced on April 2, 2025, includes Engineer Bashir Bayo Ojulari as the new GCEO and Ahmadu Musa Kida as the non-executive chairman.

“We've always complained about how oil revenues have been used in the last few years. And if you have a finite resource, you should be able to point to something.” 

Ghana’s Finance Minister, Dr. Mohammed Amin Adam, has reaffirmed the vital role of oil revenue in driving national development. He emphasized the government's commitment to increasing crude oil production as ...

Ghana’s oil revenue has experienced a substantial increase, reaching $840 million in the first half of 2024. This figure represents a remarkable 36% rise compared to the $540 million recorded ...

Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa, has disclosed that the Finance Minister, Ken Ofor-Atta, has become the first finance minister to squander GHC12.4 million of the country’s ...

Minister for finance, Ken Ofori-Atta, has revealed that government is committed to achieving the Ghana Beyond Aid agenda. According to him, despite the seeming disappointment among some Ghanaians with government ...

Nigeria’s road and bridge construction is expected to benefit widely from increased oil revenues, supporting the construction and maintenance of major interstate and tarred intrastate roads, Fitch asserts. Oil revenues ...

The Vice-Chairperson for the Public Interest and Accountability Committee (PIAC), Professor Akosua Dankwah has indicated that the $1.4 billion oil revenue loss in 2020 was due to the outbreak of ...