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June 25, 2026
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Brent settles at lowest since before start of Iran war as more tankers exit Hormuz
Money
Policy
Opportunity
Growth
Key Points
- Global oil prices, including Brent and WTI, fell significantly to their lowest levels since before the Iran war.
- The decline is attributed to easing supply concerns as more oil tankers exit the Strait of Hormuz, aided by military escorts and an interim US-Iran deal.
- The US has authorized Iranian oil sales, easing sanctions, which is expected to quickly boost Iranian production and exports.
- Oman has committed to keeping the Strait of Hormuz open without tolls and designated new routes to ensure safe passage of vessels.
- Despite increased supply, uncertainties persist regarding the US-Iran accord's durability, and US crude inventories remain tight, while J.P. Morgan lowered its 2026 Brent price forecast.
Why This Matters
As both an oil producer and importer, Ghana is significantly impacted by global oil price fluctuations. Lower prices reduce the cost of imported fuel, benefiting consumers and businesses through decreased transportation and energy expenses, which can curb inflation. However, it also means lower revenue from Ghana's own oil exports, potentially affecting government income and development projects.
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September 22, 2026
National Horticultural Seed Roadmap launched to strengthen Ghana’s vegetable seed sector
- Ghana, in collaboration with the Embassy of the Kingdom of the Netherlands, has launched the National Horticultural Seed Roadmap.
- The roadmap aims to identify challenges and propose strategic actions to improve the availability, accessibility, and use of quality vegetable seeds and seedlings.
- Developed through multi-stakeholder collaboration, it provides strategic guidance for the next three to five years, building on a 2024 sector assessment.
- Deputy Minister John Dumelo emphasized its importance for agricultural productivity, household nutrition, employment, agro-processing, and the supply of affordable vegetables.
- Key implementation aspects include linking research with farming realities, strengthening local capacity for seed development, and ensuring private sector involvement in production and investment.
September 18, 2026
Dr Likee joins KIVO as brand ambassador
- Ghanaian food brand KIVO, manufactured by Procus Ghana Ltd, has appointed actor and content creator Dr Likee (Ras Nene) as its new brand ambassador.
- The partnership aims to deepen KIVO's connection with Ghanaian consumers and culture, aligning with its brand promise, 'A Taste of Ghana'.
- Dr Likee was selected for his authentic portrayal of Ghanaian lifestyle, language, and everyday experiences through his comedy and content creation.
- KIVO's product line includes local food items such as 4in1 Gari Soaking Mix, Hot Shito, and Natural Spices.
- This move is part of KIVO's strategy to work with culturally relevant personalities and expand its market presence across Ghana.
September 18, 2026
PassionAir flight returns to Accra twice over precautionary checks
- PassionAir flight OP 142, bound for Kumasi, made two precautionary returns to Accra on September 16, 2026.
- The first return was due to an identified issue requiring checks by the engineering team, which was subsequently addressed.
- The aircraft, operating as OP 142A, departed again but the captain decided on a second return as an additional safety precaution.
- PassionAir apologized to passengers for the inconvenience and emphasized that safety remains its highest priority.
- The airline assured adherence to applicable aviation safety standards and regulatory requirements.