Business

Els: MBN360 Business Energy and Associates Ghana has recommended to government to consider leveraging the Ghana Petroleum Funds to subsidize temporary spikes in pump prices to prevent a cost-of-living crisis.  The recommendation follows the surge in crude oil prices as a result of the impact of the U.S.–Iran Conflict on Ghana’s Oil and Energy Markets. A […]

Els: MBN360 News World Oil prices soared and stocks fell in Asia on Monday on the back of turmoil in the Middle East after US and Israeli strikes on Iran, with the vital Strait of Hormuz effectively shut and several ships attacked. In early trade in Asia, Brent Crude rocketed to just over $80 per […]

Els: MBN360 Ghanaians could soon feel renewed pressure at the fuel pumps as global oil prices surge following fresh attacks on commercial vessels near the Strait of Hormuz — a critical shipping lane that carries about 20% of the world’s oil and gas supply. The price spike comes amid escalating tensions in the Middle East, where Iran […]

Els: MBN360 News Energy  Prices of petroleum products are set to increase marginally from March 1, 2026. That is according to the latest outlook report by the Chamber of Oil Marketing Companies (COMAC), which guides pricing decisions for oil marketing companies and was seen by Joy Business. This marks the third time since January this […]

Els: MBN360 News President John Dramani Mahama has disclosed sweeping reforms in Ghana’s energy sector, revealing major financial savings, improved gas payment compliance, and a roadmap to stabilise nationwide electricity generation. Delivering his 2026 State of the Nation Address at Parliament House on Friday, February 27, 2026 the President painted a stark picture of inefficiencies […]

Els: MBN360 News he Driver and Vehicle Licensing Authority has moved to clarify widespread public misconceptions surrounding its plan to extend selected driver licensing services to Ghanaians living abroad, stressing that no domestic staff will be deployed outside the country to facilitate the initiative. In a formal statement issued in response to what it described […]

Els: MBN360 News Ministry of Fisheries and Aquaculture Development (MoFAD) has officially designated scientific research as the primary engine for Ghana’s maritime transformation by formalizing a landmark partnership with the University of Cape Coast (UCC) to operationalize the “Blue Knowledge,” component of the nation’s Blue Economy Strategy (2025–2035). According to the Ministry, this move – which took […]

Els: MBN360 Economy hana’s gross international reserves have surged to US$13.8 billion, representing 5.7 months of import cover, a significant increase from US$8.9 billion, equivalent to 4.0 months of import cover in 2024.  The announcement was made by Finance Minister Dr Cassiel Ato Forson while presenting a statement on the Ghana Accelerated National Reserve Accumulation […]

Els: MBN360 News The Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, has disclosed that a total of 500 excavators have been seized from illegal mining sites across the country since he assumed office, as part of intensified efforts to clamp down on galamsey operations. Addressing Members of Parliament on the floor of the […]

Els: MBN360 Business Seven sovereign upgrades in Africa in 2025 including Ghana by S&P Global Rating were driven primarily by improving growth prospects and reform momentum. According to the global rating agency, these upgrades had a ripple effect, leading it to take positive rating actions on financial and corporate entities in countries including Egypt, Morocco, […]