The country’s ambitious Petroleum Hub Project, an initiative of President Nana Akufo-Addo, continues to take significant steps toward transforming the nation’s petroleum downstream sector into a modern, diversified and financially sustainable 'energy economy'.
The Petroleum Hub is expected to ensure that all homes and industries in Ghana have access to...
The African Refiners and Distributors Association (ARDA) have asked 54 African countries to end dolarisation of petroleum products.
They asked the African countries to build integrated infrastructure to guarantee energy security that is independent of developed countries to stabilise their economies.
President of the ARDA, Dr. Mustapha Abdul-Hamid, while speaking at...
By Kizito CUDJOE
A total lodgement of US$840,765,266 was made into the Petroleum Holding Fund (PHF) as receipts for the first half of 2024 compared with US$540,456,124 for the same period in 2023, according to the Public Interest and Accountability Committee (PIAC).
This represents a 55.6 percent increase compared with the...
By Buertey Francis BORYOR
At National Farmers’ Day, 2024 awards ceremony, held in Accra, Ghana’s cocoa farmers expressed joy- as President Nana Akufo-Addo announced an increase in the cash crop’s producer price from GH₵3,000 to GH₵3,100 per 64kg bag.
This represents a minor increase of 3.3 percent over the previous rate...
The country’s tree crops sector is reeling over an impending vote by the European Union (EU) parliament to postpone, or validate, its proposed implementation date for the crucial EU Deforestation Regulation (EUDR).
Initially, the regulation was expected to come into force for most companies and organisations which trade with the...
Dr. Kofi P. Amponsah-Mensah, Managing Director of PAMICOR Ghana Ltd, has called for robust policy frameworks to enhance the sustainability of Ghana’s mining sector.
Speaking at the 6th Annual Mining Conference, he emphasized the need for methodical and intentional strategies to safeguard the industry from challenges such as illegal mining,...
By Samuel SAM
Addressing the economy of a country in enhancing food security and promoting sustainable national development relies on the strategies and policies developed to combat the menace affecting livelihoods, welfare, job creation, quality education and healthcare.
This means empowering law enforcement agencies with modern equipment and technology can curb...
Domestic crude oil production increased by 10.7 percent in first-half 2024, reaching 24.86 million barrels (bbls).
If sustained, the trend will reverse a four-year decline in production volumes, according to the Public Interest and Accountability Committee (PIAC).
This development marks a sharp turnaround from the 13.2 percent drop recorded during the...
Inflation has again surged for a second consecutive month, to 22.1 percent in October this year; this marks a rise from 21.5 percent in September according to the Ghana Statistical Service (GSS).
The uptick underscores ongoing inflationary pressures affecting essential goods and services, driven by factors such as currency depreciation,...
By Kizito CUDJOE
Domestic crude oil production increased by 10.7 percent in first-half 2024, reaching 24.86 million barrels (bbls).
The trend, if sustained, will reverse a four-year decline in production volumes, the Public Interest and Accountability Committee (PIAC) has reported.
This development marks a sharp turnaround from the 13.2 percent drop recorded...