An issue under current discussion is whether Ghana should add the ESLA-backed Energy Bond it is about to issue to public debt, instead of remaining on VRA’s Balance Sheet—as assigned to a special purpose vehicle (SPV) called ESLA Plc.
ESLA means Energy Sector Levy Act, 2015 (Act 899). Ghana has...
Mr. Benjamin Boakye, Executive Director of African Centre for Energy policy (ACEP), has said more than 700, Ghanaian businesses have in the past 10 years registered with the Petroleum Commission.
Mr Boakye said this during the 6th public session of Citizens Advisory Council in Takoradi.
The session was organised by Western...
Dr Kwabena Donkor, former Minister of Power, has said that there is still an opportunity for government to engage AMERI Energy over possible review of the terms of the power purchase agreement.
According to him, it was wrong for the government to criminalise other parties in the deal before engaging...
AMERI Energy has said it gave Ghana value for money in the US$510 million power plants it supplied the country during the acute power crisis.
AMERI, in a statement ahead of a scheduled meeting with the Energy Committee of Parliament, said even though they are confident of the integrity of...
The acting Managing Director (MD) of the Electricity Company of Ghana (ECG), Ing Samuel Boakye Appiah, has said the company will construct more customer service centres in the near future to improve its service delivery.
The Company has commissioned a total of 11 customer service centres in some selected districts...
It would cost government more than US$420 million to roll out solar power generation in all second cycle schools across the country.
This amount, however, would not include subsequent maintenance of the equipment.
The Deputy Director of Renewable Energy at the Ministry of Energy, Seth Mahu who disclosed this indicated that...
Parliament must consider legislation that would prevent guarantees of loans advanced to state-owned enterprises in the energy sector by government, Emmanuel Akrong - a credit consultant, has advocated.
The proposal, Mr. Akrong argues, will ensure the banking sector lends to only creditworthy institutions.
According to Emmanuel Akrong, over the years, banks...
NPL ratio to reduce
Interest rates to drop
Private sector to be biggest beneficiary
The government’s roadshow to raise a bond to clear the much talked about energy sector debt, which is in excess of US$2.5billion, has excited bankers.
The roadshow for the long-awaited bond issuance saw some...
Former Power Minister, Dr. Kwabena Donkor, has emphasised the role the Volta River Authority (VRA) played in the 2015 agreement with AMERI, for the provision of a 250 MW power plant in the heat of the country’s power crisis, when he appeared before Parliament’s Mines and Energy Committee on Friday.
Addressing...
Government has placed an embargo on the construction of new gas and petrol stations across the country till further notice.
This directive is part of new regulatory measures to enforce safety in the handling of LPG and petroleum products in the wake of the Atomic Junction gas explosion.
In a statement...