Sunday, November 27, 2022
NPL ratio to reduce Interest rates to drop Private sector to be biggest beneficiary  The government’s roadshow to raise a bond to clear the much talked about energy sector debt, which is in excess of US$2.5billion, has excited bankers. The roadshow for the long-awaited bond issuance saw some...
Ghana saw the birth of an independent Nuclear Regulatory Authority (NRA) when the Nuclear Regulatory Authority Act, 2015 Act 895 was passed in August 2015. This was followed by the transfer of some Staff of the Ghana Atomic Energy Commission to the Authority to form its nucleus on January 11,...
  Fix prepaid meters in MMDAs Fix ECG conundrum Rationalise gas price With government expected to raise an additional GH¢6billion in March to clear the bulk of the GH¢10billion energy sector debt using ESLA Plc - a special purpose vehicle created for the purpose - managers of the sector want...
The Volta Aluminum Company (VALCO) is expected to benefit from an additional 75MW of hydro power at a competitive price of US$0.035/kwh in the first quarter of 2018. This will expectedly enable the aluminum smelting company to expand production from the current one pot-line to two pot-lines. According to a report...
The country’s largest power producer, the Volta River Authority (VRA), is seeking to privatize most of its non-core businesses, as the Authority strategises to become one of the leading power producers in the sub-region. The initiative is also meant to ensure a more transparent budgeting for tariff requests by the...
Ghana, one of Africa’s democratic standard bearers, is a relative newcomer to the oil sector. Having surpassed oil development’s teething problems, it has remained highly committed not to scaring foreign investors away and keep existing covenants intact. While the nation’s energy outlook is improving, significant challenges remain. This year saw...
The acting Managing Director (MD) of the Electricity Company of Ghana (ECG), Ing Samuel Boakye Appiah, has said the company will construct more customer service centres in the near future to improve its service delivery. The Company has commissioned a total of 11 customer service centres in some selected districts...
  Government must clarify its plans for the Saltpond oilfield, following the decision by Ghana National Petroleum Company (GNPC) to halt the de-commissioning process and keep a skeleton staff on the ‘non-operational’ oilfield, Prof. John Gatsi has said. The Head of Department of Finance, School of Business at the University of...
Mr. Benjamin Boakye, Executive Director of African Centre for Energy policy (ACEP), has said more than 700, Ghanaian businesses have in the past 10 years registered with the Petroleum Commission. Mr Boakye said this during the 6th public session of Citizens Advisory Council in Takoradi. The session was organised by Western...
Etix Everywhere, in partnership with Ngoya and the Africa Investment Group (AIG), has announced the start of constructing a Tier-4 data centre in the country. The multi-tenant data centre (MTDC) will be carrier- and vendor-neutral, and will be powered by a solar plant - ensuring clean power independent of the...
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