The Tropical Cable and Conductor Limited (TCCL) has added another Ghana-made vehicle to its fleet of cars after a first purchase in 2018 proved to be worth the while. The company procured the Kantanka pickup vehicle in January this year, which it added to its fleet of vehicles that transport...
Rather than cutting back on imports, China pushed crude oil into storage tanks at almost double the rate in the first quarter of this year than it did in the same period in 2019 as the new coronavirus hit domestic consumption. China doesn't release official data on flows into strategic...
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...
The Ghana Integrity Initiative (GII) has appealed to the President, Nana Addo Dankwa Akufo-Addo, to commence immediate probe into the recent bribery allegations involving the former Chief Executive Officer of the Tema Oil Refinery (TOR) boss, Asante Berko. According to the GII, the incident following which the former TOR boss...
US oil prices turned negative for the first time on record on Monday as North America’s oil producers run out of space to store an unprecedented oversupply of crude left by the coronavirus crisis. The price of US crude oil collapsed by more than 105% to -$2 per barrel in...
The cost of a 50 percent waiver for electricity consumers for three months due to the impact of COVID-19 will cost the Electricity Company of Ghana some GH¢732million, the Minister of Energy, John Peter Amewu, has revealed. Apart from the ECG, the Volta River Authority (VRA) and Northern Electricity Distribution...
Chief Executive of the Ghana Grid Company, Jonathan Amoako-Baah, says a collective global approach to tackling the coronavirus pandemic is what will help the world win the fight. COVID-19 cases continue to escalate across the world and Africa, while the death toll shows no sign of easing any time soon....
Consumers can expect fuel prices to drop to as low as GH¢3.5 per litre if international oil prices remain in the US$20-US$25/bbl range, and GH¢4 per litre if prices rise to the US$30 - US$35 range, a former Chief Executive Officer of the country’s petroleum downstream regulator has projected. Alex...
Embattled Tema Oil Refinery Managing Director, Asante Berko, has today presented his resignation letter to the President, Nana Addo Dankwa Akufo-Addo, with the President accepting the resignation. A statement from the Presidency said: "The President of the Republic, Nana Addo Dankwa Akufo-Addo, has, on Wednesday, April 15, 2020, received the...
The Public Utilities Regulatory Commission (PURC) has maintained utility tariffs for the second quarter of 2020, contrary to pressures from civil society groups for a reduction. According to the Commission, the decision is in the best interests of the public as it will ensure financial viability and sustainability for the...