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...
By Ernest Bako WUBONTO
The regulator of upstream petroleum sector, the Ghana Petroleum Commission (PC), has emphasized the need for local upstream content firms to bolster their legal capacity to navigate complex international contractual agreements.
Given the prevalence of commercial disputes, the PC is concerned over local players being found wanting...
By Obrempong Kwaku DUAH
When industry players in Ghana’s energy sector recently gathered under the guidance of the Public Interest and Accountability Committee (PIAC), the stunted nature of the country’s oil production dominated the conversation.
The nation’s crude oil output has been steadily falling since its peak in 2019 when...
By Kizito CUDJOE
Stakeholders in the oil and gas sector have called for urgent reforms to the nation’s legal, regulatory and fiscal frameworks to attract investments and reverse declining crude oil production. The call follows a two-day technical consultative workshop held in Accra.
In a communique, adopted and issued after the...
By Isaac ANKRAH (Dr)
Africa’s development aspirations are unmistakably clear: industrialize, create jobs, and enhance its position in the global value chain. Yet, the path to rapid industrialization has often faced significant hurdles, marred by environmental degradation and a continued reliance on fossil fuels.
To make matters worse, green technology investments...
Bulk Energy Storage and Transportation Limited (BOST) and its Managing Director, Dr. Edwin Provencal, were recognized for their outstanding contributions to Ghana’s petroleum industry at the 8th Ghana Energy Awards.
BOST was named “Company of the Year – Petroleum,” while Dr. Provencal was awarded “CEO of the Year – Petroleum.”...
The President of the African Refiners and Distributors Association (ARDA) and Chief Executive Officer of the National Petroleum Authority, Dr. Mustapha Abdul-Hamid, has called for urgent action to address Africa's clean cooking crisis.
Dr Abdul-Hamid emphasized the critical need for LPG to replace traditional biomass fuels, such as wood and...
By Christabel DANSO ABEAM
The Women in Law and Development in Africa (WiLDAF), partnering with OXFAM Ghana, has held a roundtable meeting under the Power of voices for Partnership (PvP) Fair4All project to review gender responsive policies, legal and institutional frameworks in the mining, petroleum and cocoa sectors.
The PvP Fair4all...
Malaika Dela Bakar, the Senior Vice President of Energy & Infrastructure at Stanbic Bank Ghana, has emphasized the need for a stronger regulatory framework to boost local companies’ involvement in Ghana’s oil and gas industry. She made these remarks during the annual Local Content Conference and Exhibition (LCCE) held...