Monday, September 26, 2022
The Government of Ghana has granted an extension to Aker Energy Ghana Limited for the submission of its Plan of Development (PDO). The decision to grant an extension follows uncertainties about supplier commitments triggered by the war in Ukraine. The Government of Ghana, Aker Energy and its licenced partners have...
We are talking about an ocean of money. The global transportation industry is worth US$7trillion annually in 2022. (That is US$583billion monthly, or US$19billion everyday, or 1.6billion every hour, or US$27million every minute. Every device used by humans need a source of energy. So, let’s focus on just crude petroleum with...
following NPA's decision to restore UPPF in full Local fuel prices could become more vulnerable to external shocks following a decision by the National Petroleum Authority (NPA) to fully restore the Unified Petroleum Price Fund (UPPF) margin on petroleum products, says experts. Under normal circumstances, the distance fuel travels...
The unprecedented and stark climate change events in 2021 illustrated how dangerously close we are to crossing the scientifically conceived line of no-return as regards our planet. As a result, I followed the Conference of the Parties 26 (COP26), which took place in Glasgow, Scotland, very closely. From my...
The Trades Union Congress (TUC) has expressed vehement disapproval over the proposed utility tariff increments put forth by the Ghana Water Company Limited (GWCL) and Electricity Company of Ghana (ECG). This concern comes on the back of a proposed increment in water tariffs of 334 percent and 148 percent for...
Ghana Oil Company Limited (GOIL), an indigenous and leading oil marketing company, has expressed interest in expanding its market share beyond the country’s shores to cover other West African countries. GOIL is looking at penetrating at least two West African countries in the next two years. The move is inspired...
High-income countries are exploring ways to fund Indonesia’s energy transition Energy transition partnerships have been used in South Africa to help with decarbonisation efforts Despite recent progress, the scale and cost of switching to renewables remains a challenge Emerging markets have begun leveraging the environment to fund net-zero...
set to complete US$35m bitumen plant June ending New businesses to deliver future growth GOIL Company Limited recorded a net profit of GH¢99million in 2021, an increase of nine percent over the previous year. The profit growth was driven by improvement in fuel sales volumes of 886.6 million litres, over...
Effective this school year, tertiary students will no longer be required to seek guarantees to access the students' loan scheme run by the Students Loan Trust Fund, as government has struck out the guarantor requirement. The guarantor requirement, which hitherto was a major part of conditions to get the student...
The Ghana Grid Company Limited (GRIDCo) says it will need US$990.53million to build a robust transmission system that will ensure the delivery of reliable power, minimise system interruptions, lower transmission losses and meet increasing demand, according to the company’s 2022-2027 tariff proposal. The amount is for implementing 21 medium-term projects...
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