Finance

ECG owes us $658 million – Bui Power Authority

The debt owed Bui Power Authority (BPA) by the Electricity Company of Ghana (ECG) has shot up astronomically from $612million to $658 million, Chief Executive Officer of the power generation company, Samuel Kofi Ahiave Dzamesi has stated.He pointed out…

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AfreximBank balance sheet expands by 8% to $30 billion

African Export-Import Bank (AfreximBank) has expanded its balance sheet size by 8% in the first half of the year to more than $30 billion, the multilateral financial institution said in its consolidated financial statements.The results demonstrate a st…

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Brent crude price jumps to $94 as oil market rallies

Brent price jumped to $94 per barrel as the oil market rallied further on Friday amidst tight global supply concerns and a positive demand outlook from China, the world’s biggest oil importer.China’s annual CPI reading moved back into positive territor…

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