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

Barrels of oil. Photo by Atik sulianami @ Unsplash
Uganda lifts recoverable oil reserves to 1.65 billion barrels
Read More »
Dr Johnson Asiama, Bank of Ghana governor @ BoG Facebook
Ghana slashes interest rate to 18% as inflation eases
Read More »
Addis Ababa, Ethiopia. Photo by Gift Habeshaw @ Unsplash
Singapore to open first East Africa embassy in Ethiopia to boost Asia–Africa trade
Read More »

Recent Politics

A public school in Port Harcourt, Nigeria. Photo by Emmanuel Ikwuegbu @ Unsplash
Nigeria shuts schools in northern region as mass kidnappings surge
Read More »
Yaoundé, Cameroon © Unsplash
Cameroon opposition leader Tchiroma flees to Gambia after disputed election
Read More »
Samia Suluhu Hassan, President of Tanzania. Photo @ Samia Suluhu Hassan/Facebook
Samia’s family picks ignite Tanzania nepotism storm
Read More »

Latest Posts

Latest news insights