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Ghana is negotiating at least six new petroleum agreements with major oil companies as government moves to expand exploration and sustain the recovery in crude production.
Crude oil prices dropped for a third consecutive session to reach their lowest level since August, driven by US-Iran de-escalation statements.
Economist Godfred Bokpin wants government to spend on infrastructure to stimulate growth rather than relying strictly on austerity and spending cuts.
The Ghana cedi appreciated in the interbank market after GoldBod injected $1.011 billion in October spot auctions to stabilize foreign exchange.
The Petroleum Commission says the Nya Gyidie-1X discovery has opened a new exploration play in Ghana’s Tano Basin, with further appraisal drilling required.
GNPC says the Nya Gyidie-1X discovery has confirmed hydrocarbons in Ghana’s first successfully tested carbonate reservoir system, opening a new exploration target offshore.
President Mahama has announced a new gas and condensate discovery at the Nya Gyidie-1X well drilled by Planet One Oil and Gas and GNPC.
PHDC is using the 2026 Local Content Conference in Takoradi to promote Petroleum Hub investment, local participation and opportunities in Ghana’s oil and gas sector.
Trading in DDEP bonds jumped 264.68% to GH¢2.49 billion on November 9 as the GSE Composite Index edged up 0.07%.
GUTA is pressing Finance Minister Cassiel Ato Forson to restore a flat VAT regime for traders, arguing the current 20% system is difficult for the informal sector.
The Ghana Stock Exchange returned to positive territory on November 6 as the Composite Index gained 0.24% and equity trading volume jumped nearly 194%.
Ghana has retained sixth place in RMB’s 2026/27 African investment rankings, but the report says sustaining its recovery will depend on reforms and stronger buffers.