Sunday, October 24, 2021
Fourteen management executives of the state-owned Tema Oil Refinery (TOR) have been interdicted for smuggling petroleum products worth over US$14million in the past nine years. A three-member Interim Management Committee (IMC), chaired by Ing. Nobert Cormla-Djamposu Aku, uncovered the massive smuggling at the state oil refinery - spanning from 2012...
The Chief Executive Officer of Tullow Oil Plc, Rahul Dhir, has said that Tullow’s renewed Corporate Strategy and purpose is to build a better future through responsible oil and gas development that creates value for host nations, investors, staff and communities. Mr. Rahul Dhir disclosed this when he led...
Ivory Coast President Alassane Ouattara and Eni CEO Claudio Descalzi met last Friday to discuss the progress of Eni's activities in the country, following the giant offshore oil discovery of Baleine 1-X. As previously reported, Eni in September announced the major oil discovery in block CI-101, in what was the company's...
COCOBOD, from October, 2022 will begin the issuance of electronic cash to farmers for all cocoa purchases, Deputy Chief Executive Officer of COCOBOD, Dr. Emmanuel Opoku has said. Currently, COCOBOD buys all cocoa with physical cash from farmers across the country, but the trend of paying hard cash to farmers...
-as it commissions a rehab center for PWDs The AngloGold Ashanti – Obuasi Mine working in partnership with the Obuasi Municipal Assembly, has built and commissioned a rehabilitation and training center for Persons with Disability (PWDs), at a cost of GH₵664,000, in Obuasi. The fully furnished facility is expected to help...
 …. signs US$1.5bn financial agreement with 28 banks The Ghana Cocoa Board (COCOBOD) has signed a US$1.5billion financial agreement with a consortium of foreign and local banks to finance the purchase of cocoa beans for the 2021/2022 crop season. This season’s financial agreement is an increase of US$200million compared to the...
Shareholders of oil marketing giant GOIL have approved the nomination of four new members at a virtual Extraordinary General Meeting (EGM) held in Accra. The new Board members - Reginald Daniel Laryea, Mr. John Boadu and Angela Forson, all government representatives, and Mr. Edwin Provencal, BOST representative, were ratified to...
The newly constituted board of GOIL Company Limited (GOIL) has said it will prioritise growing the firm's profit by strengthening proper systems, efficiency while reducing waste. GOIL’s profit after tax in 2020 dropped to GH¢90.03 million down by 14.5 percent compared to the previous year’s GH¢105.5million. But the new board, chaired...
GOIL Company Limited has opened two stations in Accra and Keta. It is part of a strategy to make readily available the company’s quality products to customers countrywide. The first service station is in Accra near the Circle overpass and the popular Obra spot. The new station has two pump...
Just like many other countries around the world, oil palm is aboriginal to Ghana. This is because, the country’s weather and apt soil conditions allow for its vast production. Oil palm is a local staple food for Ghanaians of all cultural backgrounds and have created job opportunities for many...
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