just now

    • S/Africans observe Reconciliation Day

      APA-Mthatha (South Africa) — Leading his nation to observe Reconciliation Day, South African President Cyril Ramaphosa has used the occasion to appeal to his compatriots to be part of the efforts to promote in...

    • Army wants Amnesty International out of Nigeria

      APA-Abuja (Nigeria) — The Nigerian Army has called for the closure of the Amnesty International (AI) offices in Nigeria, alleging that there is credible evidence that the organisation is working hard to...

    • Nigerian airports handle 10.9m passengers in 9 months

      APA-Abuja (Nigeria) — Nigeria’s Federal Airports Authority of Nigeria (FAAN) says a total of 10.9 million passengers passed through Nigerian airports in 163,646 aircraft movements between January and Se...


    Ghana risks losing $13bn in oil revenue in two decades

    APA-Accra (Ghana)

    Ghana stands the risk of losing $13 billion in oil revenues if the price of the commodity continues to fall on the international market for the next two decades, a report by the World Bank has said.

    The Finder newspaper reports on Thursday that the World Bank report titled, "Fiscal Consolidation to Accelerate Growth and Support Inclusive Development", predicts that oil revenues will decline sharply by 2025 and cease altogether.

    The bank therefore advises the government to spend efficiently with regards to budget, noting that sustaining economic growth as oil output declines would require increased competitiveness and progressive diversification in the non-resource sectors.

    It also advised that particular attention should be paid to agriculture.


    React to this article