The COVID-19 pandemic has negatively impacted on the tax revenue of the state in the past year 2020 and continues to rake the same havoc. It is therefore not surprising that in the 2021 budget and fiscal policy of the Government of Ghana several taxes have been introduced to...
Woodfields Energy Resources Limited, a petroleum operating company, has emphatically stated that it is not indebted to the Tema Oil Refinery (TOR) as has been published in a section of the media. According to the company it has over the years been diligent with its payment schedule with TOR...
Prices of fuel on the domestic market will remain largely stable within April first pricing-window, the Institute of Energy Security (IES), has said. The stability, IES explains, is due to factors including 2.05 percent decrease in price of the International Benchmark- Brent crude, 2.84 percent decrease in price of gasoil,...
likens it to opening savings account with credit card
calls for dispassionate discourse on the subject Economist Dr. Kwame Baah-Nuakoh has described as ‘baffling’ and ‘economically imprudent’ the current position of several economic actors on the Ghana Heritage Fund (GHF) - at a time when the nation is saddled...
Management of Sunon Asogli Power Ghana Limited have assured Energy Minister Dr. Mattew Opoku Prempeh of full support and cooperation in the power sector. The Director of Ghana's largest independent power producer, Togbe Afede XIV, last week led a six-member delegation to pay a visit to the sector minister at...
The country’s Sinking and Contingency Funds have both been denied their overdue revenue to the tune of US$33.34 million, for the year-end December 2020, as mandated by law. The two funds take their revenue source from the Petroleum Holding Fund (PHF) in which the underlying law places a cap of...
The CEO of the Ghana Upstream Petroleum Chamber, David Ampofo, has said there is sufficient locally produced natural gas offshore in addition to imports from Nigeria to satisfy the demand for gas in the country now and in the medium term. He said, “the importation of LNG is rather late...
…as companies switch to renewables The Civil Society Platform on Oil and Gas (CSPOG) has called for urgent steps to contain the risk of stranded oil wells, as oil producing companies show disinterest in exploring and producing the commodity in Ghana. According to the group, investments in exploration and new development...
Stakeholders in the mining sector have called for broader stakeholder consultation on the Agyapa Royalties Agreement to ensure that the country is not shortchanged. To them, the suspension of the Agyapa Royalty deal until proper measures are taken to ensure citizens benefit is good for the nation and the citizenry. Executive...
says facility will cushion energy security, offer cheaper gas
projects demand to outstrip current supply The Ghana National Petroleum Corporation (GNPC) has said the new regasification plant being constructed at the Tema Liquefied Natural Gas (LNG) Terminal will safeguard the country’s future energy needs and usher in an era...