Wednesday, October 27, 2021
Parliament must consider legislation that would prevent guarantees of loans advanced to state-owned enterprises in the energy sector by government, Emmanuel Akrong - a credit consultant, has advocated. The proposal, Mr. Akrong argues, will ensure the banking sector lends to only creditworthy institutions. According to Emmanuel Akrong, over the years, banks...
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...
Former Power Minister, Dr. Kwabena Donkor, has emphasised the  role the Volta River Authority (VRA) played in the 2015 agreement with AMERI, for the provision of a 250 MW power plant in the heat of the country’s power crisis, when he appeared before Parliament’s Mines and Energy Committee on Friday. Addressing...
Government has placed an embargo on the construction of new gas and petrol stations across the country till further notice. This directive is part of new regulatory measures to enforce safety in the handling of LPG and petroleum products in the wake of the Atomic Junction gas explosion. In a statement...
Christine Churcher, a former Minister of state under President Kufuor’s administration, has been appointed board chair of the Ghana National Gas Company. At a ceremony in Accra to officially inaugurate the nine-member board, the Chairperson, thanked the President for the confidence reposed in them and promised the board will deliver...
As the country moves to firm-up its development and utilisation of renewable energy potential, the Electricity Company of Ghana (ECG) and the Northern Electricity Distribution Company (NEDCo) have been given December as the deadline to submit business models for the integration of distributed renewable energy generation. Vice President Dr. Mahamudu...
A road show to present the much-awaited energy bond to investors is expected to start on Monday, October 16, through to October 19, in New York, Boston, and in London, to raise about GH¢6billion as first tranche. “Presumably, a week after the road show we would expect settlement of the...
Minister for Energy Boakye Agyarko has said beginning next year some government institutions will have their power component converted to solar to ease pressure on the national grid. Government institutions, including the Flagstaff House, Parliament House, Junior and Senior High Schools, are expected to have their power component converted to...
Government has been warned to explore an out of court settlement with the Public Utilities Workers Union (PUWU), as the country runs the risk of missing out on the US$498.2 million Millennium Challenge fund, a coalition of stakeholders on the Electricity Company of Ghana (ECG) concession arrangement has warned. However,...
The National Petroleum Authority has been mandated to hire 200 auditors to ensure that safety standards are fully complied with at all gas stations in the country. The auditors will move from station to station to ensure that safety equipment such as CO2, foam and others are all in place. The...
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