Analysis of petroleum product prices on the local market over the decade show that petroleum products, specifically Gasoline and Gasoil have quadrupled in price. Over the past decade (2010-2019), Ghana has seen a 347 percent increase in price of Gasoline (Petrol) and a 338 percent increase in Gasoil (Diesel)...
Prices of petrol and diesel shot up 347 percent and 338 percent respectively between 2010 and 2019, due to the cedi’s persistent depreciation, taxes and levies, according to a new study by the Institute for Energy Security (IES). In 2010 the average pump price of petrol stood at GH¢1.16 per...
Institute for Energy Security’s (IES’) review of data from the U.S. Energy Information Administration (EIA) and financial advisory and asset management firm Lazard, have revealed that generating electricity from wind and solar is more economical than nuclear. The potential savings attained by generating a set quantity of electricity from...
The Bui Power Authority will today, February 3, 2021, inaugurate six new business modules under its Livelihood Enhancement Programme (LEP). The Authority had in 2019 developed business modules in a structured restoration programme to improve the lives of Project Affected Persons (PAPs) of the Bui Hydroelectric Project. Seventeen (17) Business...
…to allow gov’t settle US$92m debt Government is opting to allow the 250-megawatt (MW) Africa and Middle East Resource Investment (AMERI) deal to run until end of April 2021, Benjamin Boakye, Executive Director of Africa Centre for Energy Policy (ACEP), an energy think-tank, has told the B&FT. Government through the...
When people are asked to identify their preferred power generating options from a list of coal, hydro, nuclear, solar and wind power, their first choice is usually solar, followed by wind, hydro and then coal. Often, nuclear power, the most effective option, is placed last or forgotten altogether. Most...
Government is to resume ownership of the 250-megawatt (MW) Africa and Middle East Resource Investment (AMERI) thermal power plant from February 1, 2021 per the terms of the deal. The Dubai based firm arrived in the country in October 2015 to assist in resolving the power crisis at the time....
“Ghana could not have survived the Economic Recovery Program (ERPs) of the 1980s put in place by the ruling Provisional National Defence Council (PNDC) without the strength of character and unwavering determination of Mr. Rawlings” – Naomi Chazan, 1983 Beginning 1983 under its Economic Recovery Program (ERP), the then Government...
Renewable energy will be a critical driver of Africa’s post-COVID-19 growth recovery and economic prosperity, panellists in a 2021 UK Africa Investment Summit event said on Wednesday, as they called for a stronger partnership between the United Kingdom and  Africa. The panel, themed UK & Africa: Partnering in Sustainable and...
The Environmental Protection Agency (EPA) is to work in partnership with Zeal Environmental Technologies to help efficiently operationalise EPA’s established laboratory in Takoradi to serve the petroleum industry. “Zeal has the skill, knowledge and requisite machinery to deal with environmental protection issues - particularly in waste management as per oil...

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