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March 25, 2026
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Libya’s El Feel oilfield in shutdown since Thursday, engineers say
Money
Policy
Growth
Key Points
- Libya's El Feel oilfield has been shut down since Thursday.
- The shutdown occurred because its pipeline was repurposed to transport crude from the fire-damaged Sharara field.
- Pumping capacity from Sharara via the alternative pipelines is between 80,000 and 100,000 barrels per day (bpd).
- El Feel, which normally produces 80,000-90,000 bpd, is expected to resume production within a week to 10 days.
- Libyan oil output has been subject to repeated closures since 2011 due to various political and technical reasons.
Why This Matters
Ghana, as a net importer of refined petroleum products and crude oil, is highly sensitive to global oil price fluctuations. Disruptions in major oil-producing nations like Libya can contribute to increased international crude oil prices, directly impacting Ghana's import bill, fuel costs for consumers, and overall inflation. This event highlights the volatility of the global oil market, which can strain Ghana's economy and fiscal planning.
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April 9, 2026
Dr. Dre joins Forbes billionaires list as second-richest hip-hop artist with $1 billion fortune
- Dr. Dre has officially been placed on Forbes' 2026 World’s Billionaires list.
- His net worth is estimated at $1 billion, largely built through music, production, and the sale of Beats by Dre.
- He is now one of only six musicians on the list, alongside Jay-Z, Beyoncé, Rihanna, Taylor Swift, and Bruce Springsteen.
- Forbes identifies Jay-Z as the world's wealthiest musician with an estimated net worth of $2.8 billion.
- This recognition solidifies Dr. Dre's status as a self-made American billionaire and a major figure in global music and business.
April 8, 2026
AGI commends government’s move to resolve the power crisis in Volta and Oti Regions
- The Association of Ghana Industries (AGI) has commended the government's efforts to resolve the power crisis in the Volta and Oti Regions.
- Plans are underway to rehabilitate transmission lines with higher voltage cables and other machinery to improve power supply.
- This project aims to increase power capacity from GRIDCO to ECG, benefiting clients across the two regions.
- Current power cuts and fluctuations have severely hindered industrial production, particularly impacting small and medium-skilled enterprises.
- AGI hopes the project will be completed within the stipulated one year to ensure stable power for sustained industrial production.
April 7, 2026
Legendary manager Lucescu dies days after resigning
- Legendary Romanian football manager Mircea Lucescu has died at the age of 80.
- He passed away five days after stepping down as Romania's head coach due to illness.
- Lucescu had an extensive managerial career, leading clubs like Inter Milan, Galatasaray, Shakhtar Donetsk, and the Turkish national team.
- The Romanian Football Federation and various clubs paid tribute to him as a brilliant tactician, mentor, and national symbol.
- He also captained Romania at the 1970 World Cup as a player.