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

Makkala nguzu Market, Choma, Zambia. Photo by Seiko Yamada @ Unsplash
Zambia Central Bank cuts rate to 13.5% as inflation falls
Read More »
Maintenance of electricity transmission lines. Photo by Mario Spencer @ Unsplash
KenGen profit falls 20% as Kenya power producer withholds interim dividend
Read More »
Woman selling fruit in Tanzanian Market. Photo by David Cashbaugh @ Unsplash
Benin inflation falls to 0.9% as food prices ease despite utility pressures
Read More »

Recent Politics

Herdsmen in Ethiopia. Photo by Hanna Grace @ Unsplash
Ethiopia accuses Eritrea of territorial occupation, demands troop withdrawal
Read More »
Kenya youth protest @ Unsplash
Kenya church attack on ex–deputy president exposes security rifts
Read More »
Ghana ex-vice president Mahamudu Bawumia to lead opposition NPP in 2028 polls. Photo: Bawumia/Facebook page
Ghana opposition NPP re-elects Bawumia as flagbearer ahead of 2028 polls
Read More »

Latest Posts

Latest news insights