Tag Archives: Ghana

Ghana: No More Gas ‘Wahala’

By Lawrence Segbefia Ghana’s gas woes will soon be a thing of the past as the Ministry of Petroleum prepares to present to cabinet, a comprehensive Gas Master Plan aimed at addressing infrastructure challenges and gas delivery in the country. The document which is yet to reach cabinet in a few weeks will also address […]

Ghana: Parliament Passes Petroleum Revenue Management (amendment) Bill Into Law

press release The Bill, which was passed today after its third reading, seeks to amend the existing Act to provide for the allocation of Funds for the Ghana Infrastructure and Investment Funds, address some issues with the Ghana Stabilization Fund, the benchmark revenue projection and further empower the Ghana National Petroleum Company (GNPC) to become […]

Ghana: Tullow Gets Temporary Relief in Ghana, but Border Dispute Far From Over

Tullow Oil’s shares rose to a five-month high on Monday this week after the Hamburg-based International Tribunal for the Law of the Sea (ITLOS) ruled in Ghana’s favour in a maritime dispute with Ivory Coast. The Tribunal allowed Tullow Oil to proceed with its work in the Tweneboa, Enyenra and Ntomme (TEN) oil fields off […]

Ghana: Energy Ministry Distributes 500 Gas Cylinders At Axim

The Minister for Petroleum, Emmanuel Armah-Kofi Buah, has launched the Rural LPG Promotion Programme with the distribution of 5,000 pieces of 6 kilogramme cylinders and cooking stoves at Axim in the Nzema East District of the Western Region. The Rural LPG Promotion Programme was first launched at Garu-Tempane in the Upper East Region in November […]

Ghana: Govt Sleeps On Falling Oil Prices

opinion By Masahudu Ankiilu Kunateh Seven months since crude oil prices began to tumble on the international market, no concrete step has been taken by the government to mitigate the risks of the falling prices on the Ghanaian economy. The Institute for Fiscal Studies (IFS), a leading Accra based economic think tank, has revealed in […]

Ghana: Falling Crude Oil Prices Globally – the Main Triggers

By Alhaji Mustapha Iddrisu Energy Analyst, Takoradi The main reasons for plummeting crude oil prices are principally increasing US shale production and falling demand from China and Europe. The crude oil prices have declined for about 55% since June 2014 due to sluggish global demand and rising shale production from the US. In the international […]

Ghana: Africa Centre for Energy Policy (ACEP)

Comments On The 2015 Budget Statement With Focus On The Energy Sector POWER SECTOR 1. The Power Sector as the Anchor in the Budget The budget exposed the country’s over-reliance on energy for the achieving the transformation agenda. Particularly, the fundamental pillars expected to derive the economy in 2015 are: i. The completion of Ghana’s […]

Ghana sends Olympic team to play Eagles

THE Ghana Football Association has dispatched a list of 18 players and nine officials of that country’s Olympic team, Black Meteors, to the NFF for Friday’s international friendly to commission the brand –new Akwa Ibom International Stadium, Uyo. The Leader of Delegation is Kweku Abaka Eyiah, a member of the GFA. Wahab Rahaman and Charles […]

Ghana: Singapore to Train Ghanaians in Oil Industry

By Masahudu Kunateh Accra — SINGAPORE will train local engineers and technicians following an arrangement secured by the Minister of Energy and Petroleum, Emmanuel Armah-Kofi Buah. An initial group of 15 engineers and 40 technicians will undertake various training programmes in oil and gas to enable them return to Ghana with the expertise. Buah said […]

Ghana: Fuel Price Hike Hits Transport Fares

Accra — Petroleum products have increased by between 15 and more than 20 percent, the National Petroleum Authority (NPA)announced. The price increment took effect Monday. The price of petrol (premium) saw the highest increase up 23,08 percent to GH¢3.36 a litre. Kerosene saw an increase of 23,75 percent while diesel increased 22,01 percent to 327pesewas. […]

Ghana: Business Feature – Oil Discovery a Curse in Disguise in Ghana

Accra — MUSIC, dance and fanfare dominated the day as then-President John Atta Mills, turned the valve on an offshore platform to signify the commercial production of oil and gas in commercial quantities in the Jubilee field of Cape Three Points in the Western Region of Ghana. It is situated in the Deepwater Tano and […]

Ghana: Mahama Orders Release of Fuel Funds

Accra — GHANA’S President, John Dramani Mahama, has directed the Finance Minister, Seth Tekper, to release $ 60 million to the Bulk Oil Distribution Companies (BDCs) to ensure sufficient fuel supplies. This comes amid the BDCs reportedly withholding supplies resulting in shortages in some cities across the country, including Accra, Tema, Cape Coast and Kumasi. […]

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