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.

You need an active subscription to continue reading this article.

Recent Business

Photo by Mufid Majnun on Unsplash
From red flags to green lights: Africa’s financial reboot wins global trust
Read More »
Johannesburg, South Africa. Photo by Ingo Stiller @ Unsplash
Can South Africa’s fiscal tightening revive investor confidence without stifling growth?
Read More »
Makkala nguzu Market, Choma, Zambia. Photo by Seiko Yamada @ Unsplash
Zambia inflation drops to 11.9% in October, lowest since 2023
Read More »

Recent Politics

US passport and visa on display. Photo by Global Residence Index @ Unsplash
Did Mali’s tough stance with the U.S. over visas pay off?
Read More »
Young protestors. Photo by Oladipo Adejumo @ Unsplash
Kenyan activists missing in Uganda after Bobi Wine rally sparks outcry
Read More »
Worsening floods, droughts as a result of climate change hit Africa. Photo by Matt Palmer @ Unsplash
Rwanda targets $12bn to tackle climate crisis and cut emissions by 53%
Read More »

Latest Posts

Latest news insights