Saturday, January 28, 2023
Proceeds from ESLA in the first quarter of 2021 fell by 14.03 percent to GH¢533.31million, the central bank’s first-quarter statistical bulletin the has shown. The data reveal that the drop from GH¢620.3million in first-quarter 2020 is largely driven by the Public Lighting Levy (PLL), National Electrification Scheme Levy (NESL) components...
To address the high energy cost industry bears in the country, government is considering introducing special tariffs for some sectors in order to help them become competitive, Energy Minister Matthew Opoku Prempeh has revealed. This comes on the back of several complaints and concerns expressed by the Association of Ghana...
Demand to out-strip current dependable capacity of 4742MW by 2026 Peak demand to hit 4460MW, export to ECOWAS to rise to 28550GWh Takes 3-4yrs to build new plant The country risks a power generation deficit by 2026 if it fails to plan for new capacity now. Out of an...
Sparked by the Russian invasion of Ukraine, and the potential of up to 3 million bpd loss of Russian supply, the extreme volatility in oil markets is here to stay, as traders have slashed open interest in oil futures to a seven-year-low. The less liquid market is thus more prone...
following NPA's decision to restore UPPF in full Local fuel prices could become more vulnerable to external shocks following a decision by the National Petroleum Authority (NPA) to fully restore the Unified Petroleum Price Fund (UPPF) margin on petroleum products, says experts. Under normal circumstances, the distance fuel travels...
One of the continent’s most anticipated and biggest energy conference, the Africa Energy Conference, starts today at the Kempinski Gold Coast Hotel in Accra. The maiden edition focuses on highlighting the infrastructure gap, financing options and energy transition opportunities in the Africa energy sector and will be held under the...
At the 6th Ghana Energy Awards organised on 25th November 2022 at the Labadi Beach Hotel, Prof. Kwaku Appiah-Adu won the Outstanding Energy Management Award. This year’s event had His Excellency Vice President Dr. Mahamudu Bawumia as Special Guest of Honour representing the president, with Deputy Minister of Energy Hon....
Oil prices edged lower on Monday as rising coronavirus cases and tensions between the United States and China pushed investors toward safe-haven assets. Brent crude LCOc1 dipped 8 cents, or 0.2%, to $43.26 a barrel by 0403 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 dropped to $41.22 a...
…as it inaugurates community-based committees The Ghana Integrated Aluminum Development Corporation (GIADEC) is soon expected to conclude the process for selecting new strategic partners for bauxite mining in Kyebi, Awaso and Nyinahin, the Chief Executive of GIADEC, Michael Ansah, has said. This comes as the company has reached the final...
The Institute for Energy Security (IES) is predicting a marginal increase in fuel prices at the pumps for the first half of January 2021. According to the institute, the increase is caused by 5.03% increase in price of International Benchmark- Brent crude, 8.44% increase in price of Gasoline, and a...
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