The energy world today
The turn of the century has brought to the fore discussions concerning the sweeping changes facing the world as a result of the continued dependence on fossil fuels. Climate change, previously dismissed as a hoax, a sham and a conspiracy theory, is now a prominent...
Brent reaches highest in five years
Ghana averagely imports more oil that it exports
Ghana will likely hedge its oil imports under a new risk management strategy to keep fiscal consolidation on track as global crude prices recover, a finance ministry source told Reuters on Monday.
Brent crude futures hit...
The Chief Executive of the Petroleum Commission, Mr Egbert Faibille Jnr, has warned companies engaged in transfer pricing to stop the practice immediately or face the wrath of the Commission, as such practice impacts the economy negatively.
He confirmed that the Commission is fully aware that most foreign companies in...
Government intends to scale up the penetration of renewable energy in the system, with a plan to hit 300megawatts of solar by 2020.
As part of the measures, the Bui Power Authority has completed expansion works on its switchyard to accommodate the injection of up to 250MW of grid solar...
The impacts of the current crisis are wide and affecting both Africa’s most promising exploration prospects, but also its multi-billion-dollar landmark projects.
The double crisis of the COVID-19 pandemic and the collapse in oil prices is taking a toll on African economies and the African energy industry. An unstable and...
The Public Interest and Accountability Committee (PIAC), has published its Semi-annual Report on the management and use of petroleum revenues for the first half of 2020.
The report is being released two months later than the statutory reporting date of 15th September. This is largely due to the Covid-19 pandemic,...
The President of the Republic of Ghana, in his address to the nation on April 9, 2020 providing update on COVID–19, announced special electricity relief on electricity bills to consumers. The Northern Electricity Distribution Company (NEDCo) is making the necessary preparations to implement the directives.
To this end, this Frequently...
Government has been advised to prioritise local content and local participation in awarding upstream petroleum contracts, as it prepares to launch its first-ever bidding round in the growing industry.
Government announced recently that it will be issuing new licences to deserving companies by the fourth quarter of this year, during...
The Tweneboa-Enyenra-Ntomme (TEN) partners have introduced the Community-led Environment and Beach Improvement and School Sanitation (CLEBISS) project in a bid to curb the rampant pollution of the environment.
An Ellen MacArthur Foundation report notes that the ocean is filled with about 165 million tons of plastic and by the 2050,...
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...