Fix prepaid meters in MMDAs Fix ECG conundrum Rationalise gas price With government expected to raise an additional GH¢6billion in March to clear the bulk of the GH¢10billion energy sector debt using ESLA Plc - a special purpose vehicle created for the purpose - managers of the sector want...
Oil retreated late on Thursday as the U.S. dollar rebounded from early losses and strengthened, denting support for the latest crude rally, but tight U.S. supplies limited the commodity’s decline. The U.S. dollar rose against a basket of currencies .DXY after President Donald Trump said he wanted a “strong dollar.”...
The 2018 Work Programme of the Ghana National Petroleum Corporation (GNPC) is expected to be approved soon, following the laying of paper on the floor of parliament. The First Deputy Speaker of Parliament, Joe Osei-Owusu, has subsequently referred the work programme to the Mines and Energy Committee for consideration and...
Ghana’s latest contract with ExxonMobil Corp for oil exploration in the Deepwater Cape Three Points offshore (DWCTP) oilfield is going to add to a growing list of oil and gas contracts that have been shielded from the public - due to the non-existence of a ‘Petroleum Register’ as required...
  Government must clarify its plans for the Saltpond oilfield, following the decision by Ghana National Petroleum Company (GNPC) to halt the de-commissioning process and keep a skeleton staff on the ‘non-operational’ oilfield, Prof. John Gatsi has said. The Head of Department of Finance, School of Business at the University of...
Government is to issue a GH¢6billion bond to clear the remaining energy sector debt in March, 2018, Energy Minister Boakye Agyarko has confirmed. “We will come back to market in March the balance of GH 6billion,” said Mr. Agyarko, who has consistently maintained that the half-decade of power rationing...
The President, Nana Addo Dankwa Akufo-Addo, has charged ExxonMobil to replicate it high standards of operation in Ghana to enhance the competitiveness of the country’s oil and gas sector, urging Parliament to act expeditiously in approving the transaction set out in the country’s petroleum exploration agreement. “We are determined to...
The agreement signed with Exxonmobil of America in respect of the Deepwater Cape Three Points oil block is among the best compared to other agreements signed in the past, as it is a culmination of lessons learnt in the ten years of the sector, Energy Minister Boakye Agyarko, has...
The Volta Aluminum Company (VALCO) is expected to benefit from an additional 75MW of hydro power at a competitive price of US$0.035/kwh in the first quarter of 2018. This will expectedly enable the aluminum smelting company to expand production from the current one pot-line to two pot-lines. According to a report...
Residents of resettled communities within the enclave of the 400megawatt Bui Hydroelectric project have appealed to authorities for bill-free electricity supply as part of their compensation package. They say construction of the dam has adversely affected their source of livelihood – farming and fishing, thus rendering them too financially incapacitated...