Earlier this week, the World Bank Country Director, Pierre Frank Laporte rendition on Ghana’s energy sector mounting debt generated a lot of furor about the culpability of some regimes in managing Power Purchase Agreement (PPAs) with the Independent Power Producers (IPPs). He indicated that Ghana’s energy sector debt is...
Contrary to speculations in the public sphere that the 400MW Bui power plant has been a ‘white elephant’, its management argues that it has been “a very profitable investment,” whilst delivering critical support to power stability. At a press briefing on Monday, management of the plant said since 2014, a...
Ghana is set to get its first waste to energy recycling plant, as the Ghana Plastic Manufacturers Association readies to establish a £5million recycling facility. The plant, to be located at Akunse in the Eastern Region, will transform sachet-water-bags waste into carrybags, which after use will also be converted -...
Kosmos Energy Ghana, a leading international deep-water exploration and production company in the country’s upstream oil and gas sector, has extended its social investment support to two special schools in the country. The company has handed over 300 white canes, newly constructed walkways, and a urinal facility to the Akropong...
In this question and answer session, Alex Mould, a former Chief Executive Officer of the Ghana National Petroleum Corporation and the Ghana National Petroleum Authority, explains the impact of the novel Coronavirus on Ghana's economy, why consumers will enjoy cheaper fuel and how the country could make the most...
According to the Congressional Research Service (CRS), measures of economic performance in the refining industry usually begin with the gross margin, referred to as crack spread. The gross refining margin is a simple, first approach to refinery profitability. It is computed as the total revenues from product sales minus...
The Africa Centre for Energy Policy (ACEP) has again raised concern that government reviews exploration contracts of companies that have failed to invest in their oil blocks. About 12 oil agreements awarded prior to 2016 are said to be idle. Delay in exploring and developing these blocks, ACEP contends, is...
The Russian Energy Week International Forum is a key global platform for discussing current trends in the development of modern energy sector. This event is traditionally held at the highest level, featuring the participation of leaders from the largest companies in the energy industry. In 2023, the forum attracted...
The Control Room of Ghana Grid Company (GRIDCo) at Choggu in Tamale of the Northern Region has been gutted by fire, leading to a total power outage in the region. The incident which occurred around 7:00pm Monday evening, saw most of the equipment in the control room destroyed after being...
The country can significantly maximise benefits under the African Continental Free Trade Area (AfCFTA) by promoting activities of agricultural aggregators - Professor Felix Asante, Pro-Vice Chancellor for Research, Innovation and Development-University of Ghana, has advocated. The country’s agriculture is predominantly small-scale in nature, with more than 60 percent of local...