Sunday, November 27, 2022
A constitutional and petroleum law expert, Prof. Raymond Atuguba, has questioned the constitutionality of the Petroleum Exploration and Production Act, 2016 (Act 919) which gave rise to the multi-billion-dollar contract recently signed between government and Exxonmobil. According to Prof. Atuguba, the 1992 constitution vests the management of the petroleum resources...
It would cost government more than US$420 million to roll out solar power generation in all second cycle schools across the country. This amount, however, would not include subsequent maintenance of the equipment. The Deputy Director of Renewable Energy at the Ministry of Energy, Seth Mahu who disclosed this indicated that...
Investors or holders of the ESLA bond have received a total of GH¢500million as the first tranche of interest payments. A statement from ESLA Plc., the Special Purpose Vehicle (SPV) created to manage the bond, said an estimated GH¢228million has been paid as first gross interest payments to investors who...
Deputy Minister of Energy, responsible for Petroleum, Dr. Mohammed Amin Adam, has disclosed that government has decided to pursue an Aggressive Exploration Campaign in a bid to safeguard reserves and sustain production in the upstream oil and gas sector. Speaking to journalists at the launch of the Petroleum Register, he...
Kicks out BXC before announcing winning bid Meralco emerges sole contender and adjudged winner Contrary to claims by the Millennium Development Authority’s (MIDA) that the two companies which bid for the ECG concession were both evaluated on their merits, it has emerged that one of the finalists - BXC...
For the first time in the history of the Offshore Technology Conference (OTC), which is held annually in the American city of Houston, Ghana will have a Pavilion at the April 30 to May 3, 2018 event. This is according to the Commercial Section of the United States Embassy in...
There is a need to establish new legislations for the downstream petroleum sector, in order to realise government’s vision of making Ghana a hub for refined petroleum products in the West African sub-region, Energy Minister, Boakye Agyarko has advised. According to the minister, who was speaking at the 2018 Downstream...
Implementation of the Cylinder Recirculation Model, which is expected to begin this year, will create an estimated 4,500 new jobs along different levels of the supply chain. An official statement from the Corporate Affairs Division of the National Petroleum Authority (NPA) said: “Direct job losses are estimated to be about...
Government is set to establish a refinery in Takoradi that will refine 150, 000 barrels of oil per-day, Energy Minister, Boakye Agyarko has revealed. The “new TOR”, as the Minister terms it, will be will reduce significantly, the amount of oil the country imports to meets its demands, and to...
An issue under current discussion is whether Ghana should add the ESLA-backed Energy Bond it is about to issue to public debt, instead of remaining on VRA’s Balance Sheet—as assigned to a special purpose vehicle (SPV) called ESLA Plc. ESLA means Energy Sector Levy Act, 2015 (Act 899). Ghana has...
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