The price of fuel at the pumps is expected to stabilize for the next pricing-window of the month of May 2020, attributable to some marginal changes recorded on the crude oil and foreign exchange markets, forecast from the Institute for Energy Security (IES) has shown.
According to the energy industry...
Energy is widely regarded as a major determinant of economic prosperity of any State. It is accepted as a crucial ingredient that propels any economic activity, and indeed the pillar of wealth creation. Especially in the developing world, the provision of a greater access to energy has been suggested...
All the six major transformers, procured by the Millennium Development Authority (MiDA) for the ongoing Pokuase Bulk Supply Point Project have arrived in Ghana, MiDA said in a statement on Monday.
The transformers, which come in two sizes, 145 MVA and 39 MVA, and which will support the operations of...
Demand for future borrowings to pay power producers for today’s COVID-19-induced freebies is likely to exacerbate the country’s already precarious debt profile and push Ghana into a sovereign financial crisis if adequate measures are not taken, Dr. Jerry Kombat Monfant, President of MBIC Group - a management and strategy...
Springfield E&P (SEP) and ENI Ghana Exploration Limited ( ENI) have been directed by  government to commence immediate talks on unitization of the Afina and Sankofa fields offshore Ghana (operated by SEP and ENI respectively).
Based on technical evidence that the reservoir straddles both blocks, government directed in a letter...
There has been a ray of hope: a landmark production-cut agreement among OPEC, OPEC+ and G20 stakeholders on April 12 put an end to the oil price war
Stunning drops in crude oil prices—the result of COVID-19-related declines in demand and an oil price war between Saudi Arabia and Russia—have...
Losses drop from GH¢2bn to GH¢100m
looks to brighter future
The Volta River Authority (VRA) has reported a significant improvement in net losses year-on-year from about GH¢1.2billion to GH¢100million at the end of 2019, representing a 91.6 percent reduction.
The reduction is attributed to strategic actions such as the implementation...
So Energy Ghana Limited, an oil marketing company and a subsidiary of the Sahara Group, has presented 20 units of oxygen-filled cylinders to the Tema General Hospital as its contribution towards the fight against the Covid-19 pandemic in the Tema Metropolis.
The company also promised to refill the cylinders at...
Consumers of petrol and diesel should expect a further drop in price at the pump as the price of crude on the world market continue to fall, the Institute for Energy Security, predicts.
In its May, 2020 pricing window forecast, IES notes that going by the 13.05 percent reduction in...
…Toward new imperatives for natural resource diversification
Humanity is witnessing some of the most profound changes seen since the Great Depression. And, again, it is the vulnerable among us who will suffer the worst consequences. We are out on a limb, witnessing the most disruptive global transformational mutations observed in...
