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

Market, food, inflation. Photo by Anne Preble @ Unsplash
Botswana inflation hits 4.1% in January as food cost surges
Read More »
Asfaw Alemu CEO of Dashen Bank S.C and Ethiopis Tafara, Vice President of Africa, IFC. Photo @ Dashen Bank
IFC, Dashen Bank seal $10mn risk deal to unlock SME lending in Ethiopia
Read More »
Barrels of oil. Photo by Atik sulianami @ Unsplash
ENI discovers 1.4 billion barrels of oil in Côte d’Ivoire
Read More »

Recent Politics

Port Harcourt, Nigeria. Photo by Emmanuel Ikwuegbu @ Unsplash
Why are Nigerians protesting electoral reforms ahead of 2027 polls?
Read More »
Kenya's ODM split over age, factions and 2027 political strategy. Photo @ The ODM Party/Facebook
Kenya’s ODM in turmoil: Sifuna ouster exposes rift over Ruto alliance
Read More »
Burundi’s President Évariste Ndayishimiye. Photo: Présidence - République du Burundi/Facebook
African Union elects Burundi’s Ndayishimiye as 2026 chair
Read More »

Latest Posts

Latest news insights