Ghana will supply Burkina Faso with 100MW of electricity daily after completion of the 225kva Bolgatanga-Ouaguadougou interconnection project, William Owuraku Aidoo, a Deputy Minister of Energy, has said.Ghana has been supplying power to Burkina Faso, albeit in smaller quantities, since 2003; moving up from 0.5MW to 9.2MW in 2013....
The Akufo-Addo-led government has fulfilled its promise of reducing the cost of electricity in the country for both residential and industry users.Presenting the 2018 Budget statement and Economic Policy to the legislature, the Minister of Finance Ken Ofori-Atta said the government in 2018 will work towards keeping the lights...
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...
Ghana, one of Africa’s democratic standard bearers, is a relative newcomer to the oil sector. Having surpassed oil development’s teething problems, it has remained highly committed not to scaring foreign investors away and keep existing covenants intact. While the nation’s energy outlook is improving, significant challenges remain.This year saw...
President Nana Addo Dankwa Akufo-Addo, on Wednesday, November 8, 2107, pulled the symbolic switch to officially inaugurate Cargill’s solar facility at the company’s factory in Tema.The President in a brief remark congratulated Cargill for the initiative and said the move to host solar powered energy is in line with...
President Nana Addo Dankwa Akufo-Addo, on Wednesday, November 8, 2107, pulled the symbolic switch to officially inaugurate Cargill’s solar facility at the company’s factory in Tema.The President in a brief remark congratulated Cargill for the initiative and said the move to host solar powered energy is in line with...
Industries could heave a sigh of relief by January, following a revelation by Vice President Mahamudu Bawumia that power tariffs could be reduced by as much as 25 percent.“We will actually be seeing some significant reduction in the cost of electricity for industrial production next year in Ghana, and...
The maximum storage capacity a Liquified Petroleum Gas (LPG) station can have is 20 tonnes, the National Petroleum Authority has directed following the tough stance taken by Cabinet to forestall the deadly gas explosions the nation is becoming ill-reputed for.Appearing before parliament’s Mines and Energy Committee, CEO of the...
The implementation of the cylinder recirculation model which is expected to start in 2019 and seen as a roadmap to help curb frequent gas explosions would also come at a cost for users of cylinders.CEO of the National Petroleum Authority (NPA) Hassan Tampuli, explained that the pricing of Liquefied...
There is a certain mistrust that characterises NDC-NPP politics in Ghana and which is making the country look, increasingly, like it does not uphold the sanctity of contracts; and experts warn this could give investors the wrong impression.While contract cancellations have led to judgement debts in the past, with...