The National Petroleum Authority (NPA) has taken measures to ensure uninterrupted importation and supply of petroleum products in the country.
The measures put in place by the NPA had saved the country from experiencing fuel shortages as experienced in other countries, including Nigeria, Kenya, and Zambia.
Speaking at a media engagement...
dividend up by 19%
GOIL PLC, an Oil Marketing Company, experienced significant growth in its performance during the year 2022, generating a profit of GH¢123.89million.
This impressive figure represents a 26 percent increase compared to the previous year.
As a result of this success, the company has announced a final dividend...
The Chamber of Bulk Oil Distributors (CBOD) insists that the recent fluctuations in fuel prices and subsequent adjustments at pumps are primarily driven by global market prices of petrol and diesel, as well as foreign exchange (FX) rates.
Contrary to certain claims suggesting that its members are exploiting the public,...
The National Petroleum Authority (NPA) has confiscated 73,000 litres of crude oil and 108,000 litres of diesel from smugglers on the high seas in the Western Region.
The separate operations were led by the Navy and Marine Police between January and April 2023.
The Western Regional Manager of NPA, Mrs. Sandra...
The Ghana Chamber of Bulk Oil Distributors (CBOD) has said it is not in any way opposed to government’s gold for oil programme.
Its Chief Executive Officer, Dr. Patrick Ofori, explained that the Chamber is also not against involvement of the Bulk Oil Storage and Transportation Company (BOST) in managing...
The Public Interest and Accountability Committee (PIAC) has made a clarion call for the country to expedite processes to reverse declining crude oil production - warning that revenues from the sector will drop if nothing is done.
The PIAC, a public watchdog over use and management of petroleum revenue, also...
The Ghana Upstream Petroleum Chamber and Ghana Revenue Authority have started a series of quarterly seminars between them to improve the understanding of each other’s needs and enhance collaboration. The first seminar took place last week and involved 30 participants from the GRA’s Petroleum Tax Unit and member-companies of...
Demand removal of GNPC CEO & Board Chair
The Civil Society Organisations (CSOs) Coalition on Extractive Governance has raised concerns over attempts by the Ghana National Petroleum Corporation (GNPC) to sell a 50 percent stake of Jubilee Oil Holding Limited (JOHL) to PetroSA, a South African firm.
JOHL, a subsidiary...
In a landmark ruling, David Aseye Tay - the Managing Director of Renaizance Oil Limited, an unlicenced Oil Marketing Company - has been convicted on 23 charges of defrauding by false pretence, amounting to over GH¢27.9million. The amount GH¢27.9million in 2018 was equivalent to US$6million, when US$1 was exchanged...
The public have been urged to properly secure filled LPG cylinders in their car boots during transportation to avoid rolling and unsafe movement of the cylinders.
This is to prevent the filled cylinders from being over-pressured - which can affect the pressure reliever, as that could result in the LPG...