Tag: commodity prices
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Prices of foodstuff to go down this month – ESOKO Ghana predicts
Commodity Analyst, Esoko Ghana, says the prices of some foodstuff are likely to see a further reduction in the month of August. The prediction is based on the rains witnessed in the first half of the year as well as the easing of COVID-19 restrictions. In July, there was significant price reductions for some commodities…
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Article: Why crude oil price forecasts proves to be inevitably wrong
Predicting Oil Prices For the oil price forecasting fraternity, the great oil bust of 2014 signal one more failure. That in a matter of six months, Brent oil price dropped over 40 percent from $115 per barrel to $70 per barrel; and tumbled to mid-$20s of a barrel in first month 2016. And after struggling…
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Over dependence on gold, oil risky for economy – Economist
The Africa Strategist for Research at Barclays, Rydel Marcus has impressed on government to channel investments to grow Ghana’s industrial subsector. He argues that the over dependence on the commodities’ market has the potential to distort government’s growth targets and must be relooked at. Rydel Marcus believes that industries must be given the appropriate support…