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...
ZEN Petroleum, a leading privately owned downstream petroleum company in Ghana, has been included on the Financial Times' and Statista 2023 annual ranking of Africa’s fastest-growing companies, for the second year in a row. The ranking, which is now in its second year, includes ZEN Petroleum as one of...
…from the lenses of a tax officer
In Ghana, the petroleum sector’s contribution to GDP growth has been enormous since the discovery of oil in large quantities in 2007. Data released by the Finance Ministry show that in 2019 GH¢13.45billion was added to the GDP by that sector alone.
The hybrid...
At the heart of Tullow Ghana’s operations is the drive to build skilled and efficient local capacity in the Oil and Gas Industry. Tullow Ghana continues to partner with stakeholders and its host nation (Ghana) to create an environment that amplifies local participation not only in its’s supply chain,...
According to the Public Interest and Accountability Committee (PIAC) 2022 Annual Report (p. 25), oil production from the Jubilee Field witnessed an increase in production from 27,335,481 barrels at year's end in 2021 to 30,523,813 barrels at year's end in 2022. The report attributes the increase in production to...
The Managing Director of the state-owned Bulk Oil Storage and Transportation Company, Edwin Provencal, has confirmed that some private bulk distribution companies (BDCs) have been importing petroleum products at rates cheaper than imports under the government’s gold for oil programme.
The gold for oil programme is a government initiative under...