NPA targets zero accidents in retail outlets
The National Petroleum Authority (NPA) has tasked all stakeholders in the downstream petroleum industry to aim at zero accident at all their retail outlets, adding that the loss of lives due to petroleum-related fires is becoming too many. To achieve this, the authority has tasked all operators of petroleum product facilities to improve upon their […]
Oil rises above $79 a barrel on Norway strike, Libyan disruption
Oil prices rose by more than $1 dollar per barrel on Tuesday due to growing global supply outages, with Norway shutting down one oilfield as hundreds of workers began a strike and Libya saying its production more than halved in recent months. The disruptions add to supply worries around the world. Venezuela’s production has collapsed […]
Banks’ Non Performing Loans hit GH¢8.6bn – BoG
Despite moves by the central bank to sanitize the banking sector, the industry’s asset quality remains a source of concern as the Non-Performing Loans (NPLs) ratio remain high, the Bank’s Sector Report has revealed. The stock of NPLs increased from GH¢7.1bn as at end-April 2017 to Gh¢8.63bn in April 2018- a new record high, the […]
