Gov’t, ECG should focus on minimising systemic losses
Pay suppliers, power generators, transmitter on time
The growth of renewable energy in the country should be seen as an opportunity, not a threat to the viability and future growth of the Electricity Company of Ghana (ECG), the largest distributor of...
GOIL Company Limited, GOIL, recorded an impressive performance in 2019, with profits increasing by 29 percent and sales growing by 9.66 percent.
Addressing shareholders at the company’s 51st Annual General Meeting held virtually and streamed live by video link to all shareholders in Accra, Board Chairman Kwamena Bartels disclosed that...
The far-reaching implications of finding commercially viable quantities of oil and gas in deepwater drilling off Ghana was one of several topical issues explored by Kevin Okyere, CEO-Springfield Group, in an in-depth interview he gave recently to Oxford Business Group’s online broadcasting channel, Global Platform.
Okyere told OBG that Springfield’s...
Star Assurance Company, a top General Insurer, and Total Ghana launched a collaborative programme at the Total Filling Station near the Golden Tulip, Accra, a fortnight ago.
The two brands - Star Assurance and Total Ghana - are both brands respected in insurance and the oil industry; and the oil...
The Institute for Energy Security (IES) wants government to help establish a green bank as well as explore the idea of offering renewable energy bonds - if it is truly committed to adding renewable energy to the country’s energy mix and helping industry get access to cheaper power.
This, when...
To ensure that the country’s hydrocarbon resources are used to deliver prosperity, there must be good governance as well as implementation of petroleum laws to the letter, the Public Interest and Accountability Committee (PIAC) has said.
Ghana began commercial production of oil in December 2010; but 10 years down the...
...but says special funding mechanism required
While electricity tariffs from conventional generation sources will continue to rise, the cost of renewable energy, particularly solar, is declining and becoming an increasingly competitive alternative for businesses, an expert has observed.
According Kwabena Otu-Danquah, Technical Expert at GFA Consulting Group, tariffs from conventional sources...
The Chief Executive Officer of the National Petroleum Authority, Alhassan Tampuli, has said all challenges identified in the piloting of the Cylinder Recirculation Model (CRM) will be addressed before full implementation.
“In recent times, we have had calls by some industry players to halt the implementation of the CRM pilot...
Hiroshima after the US military dropped the atomic bomb on 6 August 1945. Peace Memorial Museum
This year marks the 75th anniversary of the bombing of Hiroshima and Nagasaki by the US in 1945, the only time in history that nuclear bombs have been used.
The atomic bombs killed tens of...
According to the Congressional Research Service (CRS), measures of economic performance in the refining industry usually begin with the gross margin, referred to as crack spread. The gross refining margin is a simple, first approach to refinery profitability. It is computed as the total revenues from product sales minus...