Prime News Ghana

Today's Ghana Business, Banking and Economic news

Covid-19 freezes US$4.7bn worth of oil projects

More than US$4.7bn worth of projects lined up in Ghana’s hydrocarbons sector have been postponed indefinitely after the coronavirus scourge decimated the oil market and dampened investors’ appetite, the Chief Executive Officer of the Petroleum Commission, Egbert Faibille Jnr., has said.

Ken Ofori-Atta admits gov't will spend more than projected

Ghana’s budget deficit for 2020 will swell to more than double the legal limit because of the impact of the coronavirus on the economy, undoing years of fiscal discipline that was supposed to mark the end of persistent financial bailouts.