Tuesday, September 28, 2021
ESLA Plc has announced an exchange offer for swapping GH¢1.2billion of Tranche E1 bonds due in October 2024 for Tranche E3 bonds due June 2029. Essentially, this exchange offer will restructure the maturity profile of the outstanding bonds by converting either the whole or part of the 2024 maturity into...
To address the high energy cost industry bears in the country, government is considering introducing special tariffs for some sectors in order to help them become competitive, Energy Minister Matthew Opoku Prempeh has revealed. This comes on the back of several complaints and concerns expressed by the Association of Ghana...
Karpowership Ghana has been adjudged the “best company in mentorship programmes and initiatives” at the Women in Mining and Energy Awards. The award recognized the power producing company for the numerous initiatives it has rolled out to mentor young people into great adults, and programmes aimed at helping resolve challenges...
The current news cycle, particularly from July up to date, has been dominated by a variety of unprecedented and widespread global warming anomalies. The month July of 2021 has been declared the hottest month ever on record; the records started some 142 years ago. I certainly became very wary when...
GOIL Company Limited has opened its 410th station at Darkuman in Accra, with a promise to reach all underserved communities across the country. Group CEO and Managing Director of GOIL Company Limited, Mr. Kwame Osei Prempeh, disclosed this when he officially opened the modern one-stop shop service station near the...
The Auditor General (AG) has indicated that the Electricity Company of Ghana (ECG) is indebted to the Bui Power Authority (BPA) to the tune of US$386,878,949.46. The AG, in its latest report noted that monthly invoices to the ECG have not been settled within the required 60-days period, resulting in...
The International Monetary Fund (IMF) has said that the country’s energy sector debt will continue to remain above US$1billion per year if government does not step up its game in implementing the Energy Sector Recovery Plan. According to the Article IV report (2021) of the IMF, as at the end...
Many things are admirable about Ghana, compared to our neighbouring countries. Among these are free speech, fair elections, peaceful transitions of power, and an empowered civil society. In some ways, Ghana has more in common with the United States' democracy than many countries on our continent. However, in the not...
The Minister for Energy Dr. Matthew Opoku Prempeh will today cut the ribbon to launch Ghana’s delegation pavilion at the Offshore Technology Conference (OTC)2021 in Houston, Texas, USA. The OTC, an annual event which starts today and runs until Thursday, provides energy professionals with the opportunity to meet to exchange...
Let’s begin our discussions by emphasizing that solar power (SP), wind power (WP) and nuclear power (NP), the three options for power production, which have been at the centre of our discussions, together with hydropower, (HP), are clean and low-carbon energy sources for the anticipated world without fossil fuels....
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