European natural gas prices have surged by 9%, nearing the historic highs recorded earlier this year, after Russia followed through on threats to further restrict energy supplies. The Russian state energy firm, Gazprom, has reduced flows through the Nord Stream 1 pipeline, the primary artery for gas into Germany, to less than 20% of its […]
Meta, the parent company of Facebook and Instagram, experienced its first-ever year-on-year revenue decline in the second quarter of 2022, with total earnings slipping 1% to $28.8 billion. This downturn was driven by a significant slump in advertising sales as businesses, particularly small and medium-sized enterprises, reduced their marketing budgets in response to global inflation […]
Walmart has issued its second profit warning in less than three months, significantly lowering its annual forecast due to the impact of surging food and fuel costs on household budgets. The retail giant now expects its full-year profits to decline by as much as 13%, a sharp departure from its previous estimate of a mere […]
Ghana’s trade performance showed significant growth in the first half of the year, achieving a trade surplus of $1.43 billion, which represents approximately 2% of the nation’s Gross Domestic Product. This figure marks a substantial increase from the $886 million surplus recorded during the same period in the previous year. Data from the Bank of […]
The Ghana Standards Authority (GSA) and the Ghana National Eggs Campaign Secretariat have raised a public health alert regarding the substandard handling of eggs in local markets, particularly the hazardous practice of selling broken eggs for human consumption. During a high-level workshop in Kumasi attended by over 150 poultry farmers and vendors, experts warned that […]
Ghana experienced a significant surge in its mango export sector between 2020 and 2021, with the industry growing by 28% to reach a total valuation of $64.6 million. According to data from the Ghana Exports Promotion Authority (GEPA), this upward trend moved the country to the 11th position among global mango exporters, representing a 1.7% […]