By Abdallah ABDUL-MUMUNI (Dr)
Ghana's economic landscape has changed dramatically since the early 2010s, when oil reserves were discovered off its coast. However, the journey towards harnessing this newfound economic resource has been confronted with challenges, key among them being the volatile nature of international crude oil prices. In this...
The Chief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid, says Ghana’s fuel specifications, which are set at Sulphur content of 50 parts per million (ppm) in fuel is the cleanest in the West African sub-region.
Dr. Abdul-Hamid was speaking as a panelist on “Downstream Decarbonisation and Circularity...
The President of the African Refiners and Distributors Association (ARDA) and Chief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid, has reiterated ARDA’s commitment to work with the Organization of the Petroleum Exporting Countries (OPEC), the African Petroleum Producers’ Organization (APPO) and the African Union Commission (AUC)...
As Ghana welcomes the inauguration of Sentuo Refinery, a new player in the oil industry, there is a pressing need to examine not only the economic benefits but also potential environmental and health ramifications associated with its operations. While the refinery promises progress, it is crucial to navigate these...
The Public Interest and Accountability Committee (PIAC) has launched the inaugural Citizens’ Version of its statutory report on the management and utilisation of oil revenues of the country, toward bolstering transparency and empowering the public.
This latest release offers a comprehensive overview of petroleum revenues’ utilisation throughout the year 2022.
The Citizens’ Version, according...
By Joshua Worlasi AMLANU ([email protected])
The Petroleum Holding Fund (PHF) recorded a total inflow of US$1.06 billion in 2023 despite economic headwinds.
This figure represents a slight decrease of US$0.37 billion from 2022's US$1.43 billion, according to the Bank of Ghana’s latest report. H1 2023, ended with crude oil prices dropping...
To get an assessment on the oil and gas industry from the industry itself, and what the prospects are for the year 2024, the B&FT has been speaking to the Chief Executive of the Ghana Upstream Petroleum Chamber, David Ampofo.
Q: What is the outlook for the industry this year?
A:...
…the facts SML discussions ignore
Until mid-December last year, Strategic Mobilisation Ghana Limited (SML) was like any ordinary business in the country - judiciously deploying its skills and talents in the concerted effort of nation building.
Except for a few publications, mostly on its numerous corporate social responsibility (CSR) activities, the...
The country is expected to fork out approximately US$83.4million by March 31, 2024 as its initial subscription capital to the recently proposed Africa Energy Bank (AEB), which it is seeking to host.
However, with the tight fiscal space that the country currently finds itself in, government has asked the Ghana...
Government has completed the divestiture of Jubilee Oil Holdings Limited (JOHL) shares, an offshore entity, to GNPC Explorco - a subsidiary of the Ghana National Petroleum Corporation (GNPC).
Parliament’s Committee on Mines and Energy revealed this in its report in the third session of the 8th Parliament. The transfer of...