Chamber for Bulk Oil Distributors (CBOD), Ghana

Oil price drop cuts sub-Sahara Africa’s economic growth by 33% in 2015

A latest World Bank report has revealed that declining global oil prices continue to impact on African economies. According to the Bank, the plunge in commodity prices – particularly oil, which fell 67 percent from June 2014 to December 2015, coupled with weak global growth, especially in emerging market economies, accounted for the region’s uninspiring […]