Search

Ghana’s Crude Oil Production Declines for Fourth Consecutive Year

  • Oil production drops from 51.75 million barrels in 2022 to 48.24 million barrels in 2023.
  • Decline in revenue from $1.42 billion to $1.06 billion exacerbates fiscal challenges.

 

Accra, Ghana – Ghana’s crude oil production has dipped for the fourth consecutive year, sparking fresh concerns for an economy already facing significant challenges.

Recent Business

Trade surges in Africa. Photo by Kurt Cotoaga @ Unsplash
Middle East conflict: How Afreximbank’s $10bn crisis fund could shield Africa’s economies
Read More »
Diamond. Photo by Plato Terentev @ Pexels
Can Botswana's diamond collapse signal the end of Africa’s gem dominance?
Read More »
Sunset at an Industrial Shipping Port for trading. Photo @Pexels
China’s duty-free pivot in Kenya signals Africa trade realignment beyond AGOA
Read More »

Recent Politics

Kinshasa, Democratic Republic of Congo. Photo by Johnnathan Tshibangu @ Unsplash
Why DR Congo is taking in US deportees — and what Africa gains or risks
Read More »
Kenya youth protest. Photo by Hassan Kibwana @ Unsplash
Will Kenya's new Gen Z uprising turn voter registration into a global youth political wave?
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s oil paradox in the Iran war: windfall gains, inflation pain
Read More »

Latest Posts

Latest news insights